XYO NETWORK, the innovative platform that puts everyone (Gps) under the blockchain

in english •  7 years ago 

Introducing the great platform

The divination of the location of a global physical object is based on the reporting, retransmission, storage and processing of the various components of the oracle, all of which are error-prone and can be damaged. Risks include data handling, dirt, loss and data collusion.

With the emergence of intelligent contracts based on blocking chains and without credibility, the need for oracle services to arbitrate the outcome of a contract has increased significantly. Most of today's smart contract executions rely on a single set of authorized oracles or aggregates to establish the outcome of the contract. In cases where both parties agree on the authority and incorruptibility of the specific oracle, this will suffice. However, in many cases, there is no proper oracle or the oracle cannot be considered authoritarian due to the possibility of error or corruption.

The XYO network is the world's first oracle protocol that makes it possible for the two entities to conduct transactions in the real world without a centralized third party. He has been working towards the concept of enabling developers, such as those who write intelligent contracts for block chain platforms, to interact with the physical world as if it were an API. XYO abstraction makes it possible to make location verification reliable for developers, creating a protocol with novel use cases that have not been possible until now.

Operation of the network

The XYO network has a set of proprietary actors that create a complete cycle in the ecosystem. Sentinels or data collectors will obtain location data from a wide range of hardware solutions. The data is then transmitted via bridges that will ensure the safety of the ecosystem through the Proof of Origin module.

Archivists will then store this data in a decentralized ledger to prescribe the full flow of historical data, of course, that these publicly distributed ledgers are tamper-proof, as they are based on the architecture of only append-only.

The guessers then represent the XYO network's trump card; they will get the most reliable and accurate location data for query implementation through the XYO API. With the help of the survey procedures, fortune-tellers will access the block chain infrastructure to activate the intelligent contracts created that feed back into the ecosystem.

WE USE BLOCKCHAIN

XYO Network integrates natively with today's leading block chain platforms, and its agnostic protocol enables integration with tomorrow's block chain technologies.

Interact
XYO Network allows developers to gain the power to interact with the real world as if it were an API.

Protocol
Think of the XYO Network not as a block chain application (i.e., as websites are for the Internet), but as a complete block chain protocol (i.e., as HTTP is for the Internet).

To build
Similar to blocking platforms such as Ethereum, EOS, default and others, the XY Oracle Network offers developers a platform to create decentralized, location-dependent DApps.

BUILT TO SUPPORT THE BLOCK CHAIN PLATFORMS OF TOMORROW
XYO Network works natively with the following intelligent contract platforms, as well as other block chain platforms with Turing-complete functionality.

THE PURPOSE OF XYO NETWORK

The goal of XYO Network is to create a decentralized and unreliable system of location oracles that is resistant to attack and produces the highest possible security when asked about available data.

This can be achieved through a set of abstractions that greatly reduce the risk of location spoofing through a chain of Zero Knowledge tests along the system component.

With more than 1 million location flares verified worldwide, and more to our network every day, the XOO Network is the ORACLE ORDINARY network of Proof Locations of Blockchain. Join us in a decentralized, location-driven, commercial marketplace that reaches $11 trillion (more than 3 times more than e-commerce).

Platform Components

Guardians
Bridges
Archivists
Guess what

Token : Invest

With the help of a state-of-the-art, decentralized block chain system and a globally extended network of terrestrial location data devices, the XY Oracle Network plans to take the world of GPS by storm. By employing a series of cryptographic protocols that can abstract layers of security from today's location data networks, XYO can achieve a decentralized ecosystem that will provide 24/7 redundancy to the location data industries. With the help of the ERC20-based XYO token, developers can query reliable location data directly from the network and use it as the basis for a virtually infinite variety of intelligent contracts.

The XYO token is a useful token that can be used for services within the XYO ecosystem or simply exchanged for its monetary value in a few cryptocurrency changes. According to some estimates, the location data industry is estimated at a whopping $11 trillion. If the technology behind the XYO Network is truly disruptive and the team is constantly developing, the chip holders will certainly reap long-term benefits.
Symbol:XYO

Contract type: ERC20

ICO period: 20 March to 20 May 2018

Token price: 1 XYO = 0.00001 ETH (or 1 ETH = 100000 XYO) (this is the price at the start of sales, during the ICO the price will increase, and near the end of sales with 1 ETH, it will be possible to buy only 3333333 XYO)

XYO NETWORK EXPANSION

The XYO network is an open system to which any location device operator can connect and start earning XYO chips. We are fortunate to have a consumer business that has successfully built a real-world network with over one million Bluetooth and GPS devices in the world.
The greater the sentinel cardinality on the XYO network, the more reliable it is. To further grow its network, the XYO network is engaging with other companies to expand its network of sentinels beyond its own network of searchable XYO beacons.

For more information

WEBSITE: https://xyo.network/index.html

ANN THREAD: https://bitcointalk.org/index.php?topic=3040825.0

TWITTER: https://twitter.com/XYOracleNetwork

FACEBOOK: https://www.facebook.com/xyonetwork

TELEGRAM: https://t.me/xyonetwork

By Bitcointalk user: Sebas_ram
Profile: https://bitcointalk.org/index.php?action=profile;u=1606512
Myetherwallet: 0xc0c77D00Bc2464DcD7DC9161c49B2509cC700aEd
by sebas_ram

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XYO has a lot to offer when it comes to their features of location data tracker that's why I invested on them specially now that they are having their buy and sell promotion on kucoin exchange https://www.kucoin.com/#/rank/XYO