Every discovery has an impact on society and its behavior. XYO network is capable of bringing about change with new technologies that have arrived and will definitely change our lives and change the way governments and banks do their business. Without too much ado, let's move on to the core of this. XYO creates a decentralized network of devices that will be used to track certain coordinates. The device network will allow anyone to track the exact location and offer their services. The Smart Contract-based service can be used on platforms to create a network of untrustworthy and transparent devices that offer accurate location data. Companies can target customers based on user location, and thus provide accurate service without mismanagement. This will be key to providing packages through drones or self-driving vehicles, there are many services offered by companies that require the correct location data from users. Location data helps companies identify user locations to better serve them, and create innovative solutions for the future because One of the most important aspects of location data is the accuracy and verification process.
XYO Network has four main components:
Sentinels (data collector), Bridges ( Data repeaters), Archivists (data memory) and Diviner (answer aggregators).
• Sentinel: This mode is set to collect and collect location information via radio, sensors and other means.
• Archivist: These stores act as a primary store using a decentralized model to store all historical barriers. It stores sentinel sentry information in order to take action.
• Diviners: These are the gods of the XYO Network. Diviners analyze heuristic positions from archivists and generate query answers and assign them accuracy scores. The answers are then passed back to the smart contract.
It is a model generated by the XYO Network's R&D department. It enables developers, especially smart contract authors of blockchain platforms, to gain more access rights and interact with the real world as if it were an API. The XYO network works extensively to eliminate interference from centralized middlemen (third parties) so that two entities can freely interact and trade in the physical world.
Proof of origin:
Proof of origin is essential to verify that the general ledger that flows to the XYO network is valid. This provides evidence that two or more different data sets come from the same single source without having to verify the accuracy of the data itself. In a familiar context, information can be lost, damaged, confused or generally underestimated. The Evidence of Origin in a framework without trust depends on the private key to mark exchanges or contracts within the framework. This works very well with the suspicion that the center of the system that signed the information in question is physically and essentially safe. If the private key is traded, the capacity to demonstrate the start prefix is at that time
How it is different from GPS
GPS provides solutions to location questions and people use them all the time on their phones. It may be reliable but spoofing, jamming, and cyber-attacks occur in the network. This is a critical issue in emergency situations when we cannot find authentic information about the location.so XYO network is the solution
ICO
ICO project began on March 20, 2018, and will last until May 20, 2018. At the ICO stage, the XYO tokens are sold at a price of 1 XYO = $ 0.0158 (0.00003 ETH).
The funds received from the sale of tokens at the ICO stage will be distributed as follows:
• 40% of the proceeds will be spent on marketing and strategic costs;
• 35% will be spent on development;
• 14% of the funds will be spent on operating expenses;
• 5% will be spent on supporting projects that are important for the Ethereum ecosystem;
• 5% will be set aside for unforeseen expenses.
Roadmap
Final word
We have already seen the infinite possibilities of the XYO Network in real-world scenarios. With unlimited potential, it can be applied to today's hospitals, airlines, car rental companies and insurance agencies to cope with tomorrow's driverless transportation systems and self-driving cars. I believe that we will be part of a decentralized network where malicious threats to our location data are minimum. This platform has used blockchain technology as its core philosophy, and if it becomes successful in the market then everyone will benefit. How people will react to sharing information about a location is a question of the future, XY has been constructing the world's most progressive location-based network that Bluetooth-GPS. They now have largest Bluetooth and GPS beacon networks in the world and are now integrated with the blockchain technology utilized by the XY Oracle.So in essence everything should be in place by the end of the year for companies like Amazon to use the XYO Network if they choose.
following links:
Project website: https://xyo.network
Basic information (technology description, tokenail etc.): https://docs.xyo.network /XYO-Deck.pdf
white paper: https://docs.xyo.network/XYO-White-Paper.pdf
Twitter: https://twitter.com/XYOracleNetwork
Project road map: https: // www .xyo.network / xyo-tokens18972363
Themes of the project on the Bitcointalk forum:
- basic https://bitcointalk.org/index.php?topic=3040825
- bounty https://bitcointalk.org/index.php?topic=3053801
Project Chat in the Telegram messenger:https://t.me/xyonetwork
A news channel in the Telegram messenger: https://t.me/xyonetworkannouncements
prepared by
https://bitcointalk.org/index.php?action=profile;u=1770027
email - udshikamanike@gmail.com