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| XYO Network |
What is the XYO Network?
The creation of the blockchain has suddenly modified the landscape of the tech business enterprise. In just a few short years, the focal point of development has shifted from remoted, siloed, and privatized information systems to decentralized, unbiased and permissionless ledgers. More currently, the fast growth of Ethereum has delivered clever contracts and DApps to the leading edge. Ethereum-primarily based completely smart contracts supply the ability to make use of the blockchain and cryptoeconomic thoughts throughout endless industries and implementations. However, we currently don’t have a decentralized and authoritative oracle to decide and confirm area. The XYO Network solves this hassle by using using creating a layered location verification issuer this is effective throughout many tool schooling and clever agreement protocols. It’s primarily based on a set of novel cryptographic mechanisms, Proof of Origin and Bound Witnesses, which tie collectively the electricity of the blockchain and real international data series into a device with direct packages in recent times.
How It Works
The XYO Network is made from 4 primary additives:
- Sentinels, which collect facts approximately their location, environment, and distinctive close by XYO Network gadgets and keep this information on an onboard digital ledger,
- Bridges, which relay facts from Sentinels to most of the people blockchain, in which it's far stored in perpetuity,
- Archivists, which maintain and index the records transmitted through Bridges,
- Diviners, which get admission to the information in case you need to affirm area or answer queries.
Together, the interplay information between Sentinels and Bridges creates an unalterable Proof of Origin Chain that is saved and indexed through Archivists. By inspecting individual Proof of Origin Chains and their Intersections with distinct Chains, Diviners can offer region verification and place records for a selected Sentinel or set of Sentinels.
Since interactions among Sentinels are recorded on every tool’s character Proof of Origin Chain, you can affirm that the interplay befell via way of comparing the Chains getting ready to Interaction. This creates the idea of Bound Witnesses, permitting us to installation agree with and truth regardless of the decentralized nature of the XYO Network.
Providing the Best Answer
When a purchaser submits a query to the XYO Network — for instance, in the event that they need to understand if an e-commerce order have become added to the customer — there exists the capacity for faulty or conflicting responses. Diviners observe all available facts and determine the quality feasible solution based on the timeliness and trustworthiness of the data furnished. Specific details on how this Best Answer is determined are to be had in the XYO Network white paper.
Providing the Best Answer
When someone submits a question to the XYO Network — for example, within the occasion that they need to realize if an e-alternate order modified into introduced to the purchaser — there exists the capacity for inaccurate or conflicting responses. Diviners look at all to be had data and determine the first rate viable answer based at the timeliness and trustworthiness of the facts furnished. Specific info on how this Best Answer is decided are available in the XYO Network white paper.
XYO Tokens
All additives of the XYO Network are incentivized through the awarding of Ethereum-based ERC20 XYO Tokens. When a client submits a query via the XYO Network, they spend XYO Tokens based totally totally at the request’s priority and complexity. These tokens are presented to the Diviner which provides the Best Answer, the Archivists which stored the data used to generate this answer, and the Bridges and Sentinels which supplied this facts. In this manner, XYO Network are additives are rewarded for their participation within the Network and incentivized to offer reliable and useful facts.
XYO tokens might be allotted through a Token Sale beginning on March 20, 2018. We’ll be releasing more info right right here on Medium and on our internet website online, xyo.Network.
for more information, please create our official address:
- website: https://www.xyo.network/
- 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
Bitcointalk username: Baihaki khaizan
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1160690
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