XYO Network-the first oracle protocol in the world

Maret 23, 2018

XYO Network-the first oracle protocol in the world

Hello buddy friend friends and investors wherever you are 'this time I will introduce a new ongoing project that is XYO Network.

The need for a hard-to-treat system to complement GPS has been known for years. GPS is very accurate and reliable, but stuck, spoofing, cyber attacks and other forms of interference seem to increase in frequency and severity. This has the potential to have adverse impacts on our lives and economic activities.

What is an XYO Network Project?

XYO Network (XY Oracle Network) is an abstraction that allows layered, location verification in many classes of devices and protocols. In essence there is a new set of cryptographic mechanisms known as Proof of Origin and Bound Witness that binds the power of blockchain technology and real-world data collection into systems with direct application. and also XYO Network desebuts the world's first oracle protocol that allows two entities to transact in the real world without a centralized third party.

With the increasing XYO Network platform technology being connected, depending on our location, privacy and security is highly dependent on the accuracy and validity of the location information. Various efforts have been made to eliminate the need for centralized entities that control the flow of location data, but every effort relies on the integrity of the devices that collect this data in the physical world. XYO Network will propose a network of cryptographic locations without trust by using a new formulation that relies on a series of zero knowledge proofs to establish a high degree of data certainty about location information The oracle location falls into this category. The forecast of the location of physical world objects depends on the reporting, relay, storage, and processing components of the given prophecy, all of which introduce errors and can be damaged. Risks include data manipulation, pollution data, data loss, and collusion.

With a physical network consisting of an untrusted node, it is possible to determine the certainty of data provided by edge nodes based on zeroknowledge knowledge evidence that two or more data are from the same source. Using this data set, combined with a number of similar data sets and knowledge of at least one absolute location node, the absolute location of other nodes can be ascertained.
Our Platform system provides an entry point into the connected device protocol that provides high certainty to location data through a series of cryptographic evidence. Users can issue a transaction, called a query, to retrieve location data on a blockchain platform that has smart contract functionality. such as the following:

Sentinel

Sentinel is a witness of the location. They observe the data heuristics and guarantee heuristic certainty and accuracy by generating the temporal ledger. The most important aspect of Sentinels is that they produce a ledger so that other components can be known to come from the same source.

Bridges

Bridges is a location data transcriber. They safely deliver the ledger from Sentinel to the Archivists. The most important aspect of a Bridge is that an Archivist can ensure that the heuristic ledger received from the Bridge has not been altered in any way. The second most important aspect of a Bridge is that they add additional Evidence.

Archivists

Archivists store location information from Bridges in a decentralized form with the aim that all history books are stored.

Diviners

Diviners are the most complicated part of XYO Network. The purpose of diviners is to extract the most accurate data for queries from XYO Network and pass that data back to the publisher of the query. Diviners of opinion from the prevailing blockchain platform (ie Ethereum, Stellar, Cardano, IOTA, etc.)

Fungsi End-to-End XYO Network

The way the end-to-end component system works is:

Sentinel collects data.
Bridges Collecting Data From Sentinel.
Index Archivists / Assemble data from Bridges.
Diviner takes the user's query.
Diviner Collecting Data From Archivists.
Diviner Formulate Answers.
Diviner Proposes Block.
The Diviner results back to the Initiator Query.
XYO Network Components are Appreciated for Their Work.

TOKEN SALE XYO NETWORK

XYO Token Specs

Public token sales have a tiered pricing structure that starts at 1 ETH: 100,000 XYO and maxes out 1 ETH: 33,333 XYO.

Smart contract platform: Ethereum.
Contract Type: ERC20.
Token: XYO.
Token Name: XYO Network Utility Token.
Token Address: 0x55296f69f40ea6d20e478533c15a6b08b654e758.
Total issuance: Finite and capped at the amount achieved after the Token Main Sale.

Allocation of Token

The XYO Token is allocated in accordance with the long-term development goals of XYO Network, which include funding important Ethereum projects (ie Casper Protocol, Sharding, scale initiatives and location-specific blockchain projects run by smaller development teams).

5%: Supporting an important platform ethereum project.
5%: Overhead
15%: Xy oracle network operating platform.
35%: Engineering and R & D.
40%: XYO Network growth: marketing, strategy, partnership.

Platform Partners

The XYO network works natively with the following smart contract platforms as well as other blockchain platforms with Turing-complete functionality.