OXY has brought about the largest network of Bluetooth and GPS reach in the world which had achieved the aim of building a decentralized location network which is possible by an ecosystem in the crypto currency for today and the future. This network is opened for all blockchain developers to be involved for easy mobility. The data is our key, that’s what we do in the times of blockchain which had made us to become more liable and self-driving trend, significantly increase the smart city future. In the blockchain which will remain trustless service if an agreement not misusing a specific oracle that will be sufficient. OXY Network can be relied upon for good services deliverability for every location verification across many devices. The XYO Network is making it possible for two parties to transact without a centralized third party. Our plan allow this platform to make location verification trustless for developers, creating a protocol with novel use cases that have not been possible until today.
OXY Network is aimed to resistant to attacks and produce the best certainty on the block chain
The XYO has Netork has four primary parts:
- Sentinet: This is where the information is gathered from a location using sensors, radios, etc.
- Bridge: This is where the information gotten from sentinet is sent to archivists.
- Artivals: Archivists store this information for Diviners to analyze
- Diviners: The informations sent from artivals are analyze, generating the locations and accuracy scores to them.
The Diviners serves as “Diviners serve as oracles” positive responds back into a smart contract. The accuracy score, named the Origin Chain Score, is determined through a set of zero-knowledge proofs known as Proof of Origin Chain. Among these which is a function that is linked to the others from one step to step four to improve the services of the platform.
CHANLENGES
“Both certainty and accuracy of the location are negatively impacted by the lack of a trustless, decentralized location oracle”. The risk involves the manipulation of data, corruption, and loss and of course collation.
How it will work: - XYO Network uses the idea of enabling developers, such as those writing smart contracts for blockchain platforms, to connect with the physical world.
- XYO Network builts upon using existing plans already in place that were used by consumer business.
3 XYO Network can locate any lost items using Bluetooth and GPS devices to track.
XYO Token Specifications
Public token sale:
1 ETH=100,000 XYO
Maxes out at
1 ETH: 33,333 XYO.
Details regarding our volume and time based pricing structure will be announced soon
Smart contract platform: Ethereum
Contract Type: ERC20
Token: XYO
Token Name: XYO Network Utility Token
Token Address: 0x55296f69f40ea6d20e478533c15a6b08b654e758
ROADMAP
The Team:
The Founder, co-founders and other officials.
For a safe transaction without a third party, specification of an object location at every given point thereby making it impossible for theft. I recommend OXY Oracle Network, which has brought an easy track to join. For more information
Website: https://xyo.network/index.html
Whitepaper: https://xyo.network/whitepaper/
Twitter Url: https://twitter.com/XYOracleNetwork
Facebook Url: https://web.facebook.com/xyonetwork
Author by: Isoboye
Bitcoin talk address: https://bitcointalk.org/index.php?action=profile;u=1380535
Wallet ID: 0x26F6afA28DBB156497aD8c08949912040D87B00D