what is XYO Network?

in #ico7 years ago

Hello steemit friend I want to introduce a reliable project that XYO Network puts a unique and innovative algorithm Proof of Origin (you can also find its name as Proof of Location), which is not found in other crypto currencies.

The reliability of this approach is that the location of any person or object with high accuracy is given in four coordinates: three mathematical XYZ and T-time variables. The last variable can reliably check that the measured object is not in two places at the same time, thus protecting the blockage block from "double counting". Coordinate XYZ provides project-branched network, which makes it easy to confirm the location of objects with the help of other users.

This algorithm is not related to the use of unplanned computing power or electrical gigawatts, which causes environmental damage. From the miners you need to move, and, as you know, movement is life.

In short, the XYO Network Team is developing a platform that maps the Earth to a block system using offline and online-proof algorithms for the movement of objects being monitored. Behind the simplicity of the idea is a complex, unique, Proof of Location algorithm, connected to a tracking distribution system, working as a smart contract.

XYO Network has four main components:

1. SENTINEL

The sentinel component is a heuristic witness. They observe heuristics and guarantee heuristic certainty and accuracy by producing a temporary ledger. The most important aspect of Sentinel is to produce a ledger so that the Divin can be known to come from the same source by adding the Proof of Origin to them.

2. BRIDGE / Liaison

The bridge is a heuristic transcription. They safely channeled the heuristic ledger from Sentinel to Diviners. Bridge is that Diviner can guarantee that the heuristic ledger received from the Bridge has not been altered in any way. Another aspect of Bridge is adding more Evidence.

3. ARSIPIS

The archiving component keeps heuristics in decentralized form so that all history books are stored, but unconditionally. Even if some data is lost or temporarily unavailable, the system still works, but only with low accuracy. It's also a big book so it can return a set of recorded data if it matters. Archiving only stores raw data and is paid only for data retrieval. Storage is always free.

4. GOVERNMENT

Diviner answers certain questions by analyzing the historical data that has been stored by the XYO Network. To achieve this, the heuristics stored on the XYO Network must have a high level of evidence to measure the validity and accuracy of the heuristics by judging the witness on the basis of a Proof of Origin. Neginers should be given an incentive to provide an honest heuristic analysis.

Proof of Origin

In a system without trust, data may be lost, damaged or destroyed, the Original Proof of Origin in a system without trust depends on the private key to sign transactions or contracts in a system. This works very well assuming that the nodes on the network are signaling data physically and almost securely. If the private key is compromised, then the ability to prove its origin is disjointed.

Proof of Evidence (Evidence of Origin) is the key to verify that the ledger flowing into the XYO Network is valid. Unique IDs for data sources are not practical as they can be forged. the signing of private keys is impractical because most XYO Networks are difficult or impossible to physically secure, so the malicious abuser's ability to steal private keys is too possible. To overcome this, XYO Network uses Transient Key Chaining. The benefit of this is that it is not possible to falsify the data's origin chain.

XYO Network in E-Commerce Application

If the customer orders, the Ethereum smart contract will be reviewed and payment will be given to the merchant after successful product delivery. Shipping products will be added with XYO's low-cost devices that can track their interactions with other devices on the ledger blockchain. Other XYO network devices will also record their interactions with packets sent out. Each of these interactions will be independently verified, thus identifying a positional network of certainty that extends to the beginning of the goods. Once the goods reach the destination, it is confirmed through communication with XYO network and payment will be released

For more information, see the following

Company website: https://xyo.network/

Whitelist: https://app.xyo.network/wl

Twitter: https://twitter.com/XYOracleNetwork

Telegram Group: https://t.me/xyonetwork

Bounty Thread: https://bitcointalk.org/index.php?topic=3053801.0


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rika eparani : https://bitcointalk.org/index.php?action=profile;u=2001280

wallet : 0x8Ba7fcB0E861654661F2072241c22D3400a7A23e

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Really appreciate the article friend. I'm planning to invest in this project as I can see a big future for this. Please share love and follow back :)

hello salman thank you for the compliment you gave. if you want to invest what if there is a question please click the link I have prepared, thank you