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HYCON Review

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Revainrating 3 out of 5  
Rating 
3.1
Crypto Projects

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Description of HYCON

HYCON (HYC) is a cryptocurrency launched in 2018. Users are able to generate HYC through the process of mining. HYCON has a current supply of 5,000,000,000 with 2,676,582,136.0837464 in circulation. The last known price of HYCON is 0.00000861 USD and is down -9.80 over the last 24 hours. It is currently trading on 2 active market(s) with $32,199.12 traded over the last 24 hours. More information can be found at https://hycon.io/.

Reviews

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Type of review

Revainrating 2 out of 5

My review to day about the project HYCOIN.

HYCON (HYC), is created as an exclusive organization project, for the reception of blockchain advancements of wide adaptability, it's anything but a decent security organization, quick, with algorithmic innovations of Proof of Word, which assurance mining undertakings, network soundness and wide security. HYCON is an environment that permits clients of its biological system to get to administrations dependent on blockchain innovation, along these lines having a bunch of installable wallets and…

Pros
  • It's anything but a bunch of wallets, which assurance secure capacity, quick exchanges and even HYCON coin the board (HYC), this works with access from different gadgets like work areas, cell phones and even from the augmentation of the internet browser.
Cons
  • Its mining framework did not depend on biology, so it requires executing high energy utilization gear to mine HYC coins.

Revainrating 3 out of 5

Directed acyclic graph (DAG) and SPECTER based scalability.

Project developed in order to provide a highly scalable ecosystem where users can participate in the project network through the execution of a node and use mining in the network, with broad benefits and with a mechanism that reduces rewards in HYC coins to participants. With an approach based on the scope in which users can use the HYC coins for different commercial areas, the platform has wallets for both android and iOS, as well as for the desktop version, where the design of the network…

Pros
  • It has the same hash algorithm developed in Monero.
  • Designed with a consensus protocol that generalizes a chain of blocks in the form of a directed acyclic graph (DAG).
  • Establishes a mining rewards reduction mechanism equal to bitcoin.
  • Provides various services to users on the network.
  • Supports the execution of smart contracts for the business environment.
Cons
  • The project does not have an update or report on the development of the project.
  • Project services may not be very understandable to most inexperienced users.
  • The commercial development of the currency in the market is lousy.

Revainrating 4 out of 5

HYCON (HYC), operates on a scalable blockchain, has a set of wallets, facilitates mining tasks and allows to earn revenue.

HYCON (HYC), is developed as a proprietary network project, for the adoption of blockchain technologies of wide scalability, it has a good security network, fast, with algorithmic technologies of Proof of Word, which guarantee mining tasks, network stability and wide security. HYCON is an ecosystem that allows users of its ecosystem to access services based on blockchain technology, thus having a set of installable wallets and good functionality from mobile devices, desktop devices and web…

Pros
  • It has a set of wallets, which guarantee secure storage, fast transactions and even HYCON coin management (HYC), this facilitates access from various devices such as desktops, mobile devices and even from the extension of the web browser.
  • Its has extensive algorithmic technologies, has efficient and secure services for payments and integrates blockchain services from its network for the enterprise environment.
  • Its network is maintained with good scalability, is secure, fast and guarantees the service of solutions from its network.
  • It facilitates access to its block explorer, allowing for quick searches of old transactions.
  • Its native HYCON (HYC) token, allows to generate income through mining, allows users of the ecosystem with HYC coins; perform decentralized trade and is a secure token and with its set of wallet applications that facilitate its safekeeping.
Cons
  • Its mining system is not based on ecology, so it requires implementing high energy consumption equipment to mine HYC coins.