This is Taewon Kim, CEO of Glosfer/HYCON.
I am here to tell you that the hard fork for the 90% mining volume reduction will soon happen at block #444,444.
The HYCON public blockchain is now entering a new phase.
As you are well aware, the core idea of blockchain is decentralization. Our supporters and miners, ceaselessly working to protect the HYCON blockchain, have played a major role in decentralization of the network.
The crypto market has transformed dramatically as of recent.
As the market begins to mature amid difficult conditions, we decided to proceed with the hard fork to reorganize the HYCON token economy.
Unlike some cryptocurrencies left neglected in the market, we are moving forward in ways we can.
We will continue to devote ourselves to this project and think of ways to improve, all the while listening to the comments and concerns of our supporters and miners.
First, we will pioneer the way to commercialization and establish a market where numerous business models can join, rather than merely developing the technology and evading the responsibility of commercialization.
In addition to developing advanced technology, HYCON has been preparing various use cases, such as UpMusic, HYCON Adventure Platform, exchange and H-Pay.
We will focus on the ‘why’ instead of just increasing the number of use cases.
Second, we extend our sincere gratitude to all of our miners protecting the HYCON blockchain. We promise to prioritize ensuring profitability from now on and provide a better mining environment.
We will do our utmost so that your mining efforts bear fruit and do not go to waste.
Calm, yet bold, HYCON will take on challenges that come our way and amaze the world.