XYO NETWORK

Blockchain technology is a transparent digital ledger of transactions and records that are immune to change or deletion. Offering additional traits of increased security, lower costs, time efficiency, and error resistance, blockchain has risen, fluctuated in 2017. The utility of blockchain technology is limitless, sparking the growing list of companies, industries, and government exploring its potential adoption. The blockchain is an immutable public ledger that records digital transactions. This technology was first introduced by an anonymous individual under the pseudonym Satoshi Nakamoto in 2008 and has since revolutionized the way we conduct currency transactions worldwide. Blockchain enables trust to be distributed throughout a network, without the need for a central authority to track, verify and approve the digital exchange of value. It operates as a decentralized distributed database, maintaining a continuously growing list of records divided up into blocks. Legacy will take advantage of this technology to be decentralized and place its trust in its users.

Introducing Project XYO

The XYO Network is blockchain’s first decentralized, trustless and secure Proof of Location organize. Because of its two one of a kind center ideas, Proof of Origin and Bound Witnesses, the XYO Network allows developers and smart contract creators to interact with the real world as if through an API.

The XYO Network makes it possible for smart contracts to access the real world by using the XYO Network’s ecosystem of devices to determine if an object is at a specific XY-coordinate. If it is, one can set up applications which execute transactions in the smart contract.

Proof of Origin is the key to verifying that ledgers flowing into the XYO Network are valid. It provides proof that two or more distinct sets of data came from the same single source, without the need to verify the accuracy of the data itself. Do remember that information is key.

The four primary components of XYO Nework are underlined below:

Sentinels (The Data Gatherers) — Sentinels are location witnesses. They observe data heuristics and vouch for the certainty and accuracy of the heuristic by producing temporal ledgers.

Bridges (The Data Relayers) — Bridges are location data transcribers. They securely relay location ledgers from Sentinels to Archivists.

Archivists (The Data Storers) — Archivists store location information from Bridges in a decentralized form with the goal of having all historical ledgers stored.

Diviners (The Answer Aggregators) — Diviners are the most complex part of the XYO Network. The overall goal of a Diviner is to fetch the most accurate data for a query from the XYO Network and relay that data back to the issuer of that query.

XYO system allows checking smart contracts via multiple oracles, which ensures incorruptibility and information integrity. That makes leveraging blockchain in real life possible, and totally eliminates the need of middlemen and banks.

Distribution Analysis;

15% — XY Oracle Network support;

35% — research and development; design

5% — cost;

5% — the important blockchain projects support;

40% — expansion of the network and partnership.

The main sale starts on March 20 and will last until May 20. The price of one ICO token (XYO) is (0.00003 ETH). ETH currency is accepted only. 100% bonus is offered for the sale.

Name : XYO Network
Symbol : XYO
Hard Cap : $15 million

XYO tokens are used as an incentive both miners and token holders. This will lead to lower transaction fees, better liquidity as well as long-term value in general. Through the implementation of high-end and modern blockchain technology, this platform will ensure that the entire crypto economy benefits in the long run. Furthermore, the tokens which are unsold are going to be burnt after the crowd sale ends. This guarantees that the tokens purchased are going to become a rare resource that’s beneficial for the current holders. Certainly, as the demand grows, the tokens will tend to have a higher value.

Be a part of this tremendous project and follow these links for more information;

Website : https://www.xyo.network/
Whitepaper : https://docs.xyo.network/XYO-White-Paper.pdf
Facebook : https://www.facebook.com/xyonetwork
Twitter : https://twitter.com/XYOracleNetwork
Telegram: https://t.me/xyonetwork
Ann Thread : https://bitcointalk.org/index.php?topic=3040825.0

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