Blockchain technology faces some challenges such as scalability, latency, security, and size and bandwidth. To address these limitations, the Infinity Project is launching a new cryptocurrency, HYCON.
In this interview, we learn more about the project, its technology and what it aims to achieve.
Can you start by introducing us to what HYCON is?
HYCON stands for Hyper Connected Coin, which is a DAG-based blockchain that enables high throughput and very fast confirmation times.
Can you break down what exactly a DAG is?
It’s a word that gets thrown around a lot, people seem think it has magical powers. A DAG is just a way of structuring a blockchain. All that means in our case is that instead of having a singular blockchain that is just linear, our blocks refer to multiple…