Review on HYCON by Pedro O. Alvino M.
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 will allow rapid processing. of the chain thanks to the implementation of several algorithms and consensus protocols based on the directed acyclic graph (DAG) and SPECTER.
The development of the project in the market is deplorable, since a large part of its services are under development, so that the network was being tested, so that there are no errors or problems at the time of its launch, however In the social accounts of the project they have not counted any information available about the development of the project and a roadmap on the technical aspects of the project that has already been completed, so that such causes have generated a commercial decline in the currency of the HYC project.
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.
