crypto

Greetings from Team HYCON!

Last time, we shared the exciting news about the 5,000 ETH buyback.

Today’s news is equally awesome!

[Total Supply Burn and Mining Volume Reduction!]

Embark on a long and successful journey with HYCON!

HYC’s total supply is 10 billion, with the daily mining volume of 691,200.

Team HYCON has the following plan.

Adjust the total supply from 10 billion to 5 billion.

Reduce the daily mining volume by 90% from 691,200 to 69,120.

Check out our updates on the hard fork for 90% mining volume reduction in real time at https://hycon.io.

Look forward to more news to come!

Stay tuned for more,

Team HYCON

Greetings from Team HYCON!

Today, we have some good news for you.

[HYCON Foundation] Announced the 5,000 ETH HYCON BUYBACK!

Team HYCON decided to repurchase some HYC circulating in the market by the end of November.

What is a buyback?

Like buybacks in the stock market, a crypto company repurchases its own coins circulating in the market using its funds.

Coin buyback is good news that has a positive impact on the price.

It is a way to adjust the price and manage the cryptocurrency.

After completion of the HYCON buyback equivalent to 5,000 ETH, we will share the total amount of the buyback with you.

We decided to return all the repurchased HYCON to you through an airdrop event rather than burning them.

Please continue to show us your love and support!

Sincerely,

Team HYCON

Greetings from Team HYCON!

Remember our awesome protocol upgrade on October 30, 2018?

Let’s recap the memorable moment!

[BLOCK #317,713] GHOST Protocol Update!

HYCON was born again on October 30, 2018 with the GHOST Protocol update!

The GHOST update aims at solving the problems that all proof-of-work algorithms face.

Until now, if two blocks were generated simultaneously, one of them was discarded, which meant the energy used to make that block was wasted.

This incurs loss to the miner of the discarded block as well.

The GHOST Protocol update solves these problems.

First, discarded blocks are accepted into the blockchain network in a reduced form to enhance the security of the chain. The miners of these discarded and later incorporated blocks are given a reward.

Also, as the need to participate in centralized mining is reduced, security on the chain increases and block time decreases from 30 to 15 seconds.

This means that exchanges can more safely wait for fewer confirmations and accept a deposit more quickly and that you can trade HYCON on a faster and more secure network.

That’s all on the GHOST Protocol update.

For more information, check out the video clip featuring HYCON Team Lead Owen Delahoy!

https://youtu.be/p5rB15KckY8

Watch from the beginning of the clip if you want to listen to CEO Taewon Kim’s introduction.

If you only want to learn about the GHOST Protocol, start 43 seconds into the clip!

HYCON has completed a huge step toward to the SPECTRE Protocol.

Please show us your continued support!

Stay tuned for more,

Team HYCON