Due to the increasing use of position based techs, safety and privacy of the users widely depend upon the perfection and validity of the info related to the place. Attempts have been made in the early times to eliminate the need for centralized that manage the flow of info related to the position. Though, all these tries trusted on the integrity of the tools collecting this detail. XYO.NETWORK offers a trustless and cryptographic location system that makes use of a new formulation which is based on a line of ZERO knowledge proof.
This permits for an extreme degree of certainty about the detail related to the location. XYO.NETWORK facilitates layered, position confirmation across many protocols and device classes. At its deep sits a set of a new device of cryptographic, known as Bound witness and Proof of Origin. It joins the power of Block-chain tech and actual world info collection into the network for direct apps.
Historical Background
The plan of provable position has been around for long time that can be traced to positioned based radio navigation like LORAN system. Nowadays, we've location services which stack many mediums of identification on top of one another. This is complete to have a POL using GPS and triangularization service.
However, these accesses cannot detect fake signals also disincentives the spoofing of position info. In such situation, the crypto position platform which focal point on proving the origin of objective position network is going to be the most exact one.
Shortcomings of POL (Proof of Location)
The POL leverages the influential assets of block-chain, such as decentralization and time stamping. It joins these powerful assets with off-chain, position-aware gadgets that are hoped to be unwilling to spoofing. The weakness of the intelligent agreements is that they middle around the Oracle applying one source of truth, and the similar issue is faced by crypto-position systems. The susceptibility of the crypto position techs is reliant on the off-chain devices that detail back the location of an object. Off-chain records source is an Oracle in a smart agreement.
How XYO.Is NETWORK Unique?
The case with XYO.NETWORK is quite a diff. In this system, the off-chain information source moves about in the actual world as a specialized sort of Oracle, which they describe as Sentinel. The interior innovation of the platform centers around an unknown, position-based proof to make a protocol that's based on crypto position and is trustless too.
XYO.NETWORK aims to make a decentralized and trustless network of position oracles which is not just anti to attacks but also gives highest possible belief when queried for the avail information. The platform creators achieved this by implementing a bundle of abstractions that decrease the threat of position spoofing. For this, they create use of zero-facts proofs along the equipment of the system. The ecosystem makes use of a protocol of linked devices to offer high certainty on the position data. The users can issue deals or “questions” to get the position information on a block-chain friendly platform.
Brief Analysis of XYO.NETWORK
With the larger adoption of smart agreements that are trustless and block-chain based (same to other ICO tokens such as, Onyx, JOYSO, ORIGAMI NETWORK, Current, Lympo, Cryptomon Token), the value of Oracle services has boosted a lot as they arbitrate the result of a contract. Most of the presently used implementations of intelligent agreements depend on a bundle of trustworthy oracles for the resolution of the result of the agreement. This is enough in the cases when together the stake owners agree on the blamelessness and ability of the exacting oracle. However, there're many cases when the suitable oracle simply doesn't exist or is not regarded as trustworthy as there's forever the possibility of it getting encountering a mistake. Location oracles are extremely much the part of this list.
Difficulties Faced in position Accuracy and information Integrity
The prediction of the position of a physical planet good depends on many factors, like a relay, storage, reporting and processing parts of an oracle. All these sections are not free of mistake and can be tainted. There're extra threats of info pollution, manipulation, collusion and detail loss. This causes the difficulty of accuracy and sureness of position which is badly affected due to the short of a decentralized & trustless oracle. Platforms like EOS and ETH have widely been used as they permit for safe internet interactions. The main use cases of these podiums include fundraising escrows in the form of ICO. The issue with these systems is that they provide focus to the online planet, not on the physical one. The fact for this is that the present info channels of the physical planet involve the use of information whose truthfulness is corruptible.
Solutions Offered by XYO.NETWORK
XYO.NETWORK is working to permit the developers, like those writing intelligent agreements for block-chain platforms, to work together with the physical planet like the mode it was an API. It's the primary of its kind protocol in the planet that enables 2 entities to manage in the actual world without the involvement of a centralized 3rd person entity. The concepts of the platform create the confirmation of position trustless. This has enabled for fresh use cases with the protocol, which was not possible before.
The system will be built over 100k devices circulating in the planet. GPS and Bluetooth devices of the firm allow the everyone to place objective tracking beacons on the things they wish to keep find of. These things could include expensive items, automobiles, luggage and even pets! They can forever locate these objects on their Cell phone app. presently, XYO boasts of the biggest user GPS and network Bluetooth in the earth.
XYO Token details
• Token: XYO
• quantity issued during the main sale: Countless
• Accepts: ETH
• Total Issuance: Finite and capped at the quantity reached after the main token sale
• Contract Type: ERC: 20
• ICO Token Price: one XYO = $0.0236 (0.00003 ETH).
For further info links:
Visit the Website: https://xyo.network/
BITCOINTALK THREAD: https://bitcointalk.org/index.php?topic=3040825.0
Read the Whitepaper: https://docs.xyo.network/XYO-White-Paper.pdf
Follow on Facebook: http://facebook.com/xyonetwork
Follow on Twitter: https://twitter.com/XYOracleNetwork
Chat on Telegram: https://t.me/joinchat/GVfdkUtqtEQ5CC2xXYMqlQ
my bitcointalk url – https://bitcointalk.org/index.php?action=profile;u=1283093;sa=summary
cryptographic location network
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blamelessness and ability of the exacting oracle
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