XYO Blockchain

With the approach of blockchain-based, trustless brilliant contracts, the requirement for oracle services that referee the result of an agreement has developed fundamentally. Most present executions of keen contracts depend on a solitary or accumulated arrangement of legitimate oracles to settle the result of the agreement. In situations where the two gatherings can concede to the specialist and ethical soundness of the predetermined oracle, this is adequate. Be that as it may, by and large, either a proper oracle does not exist or the oracle can't be viewed as legitimate in light of the likelihood of blunder or debasement.

How they began

The idea of provable location has been around since the 1960s, and can even be gone back to the 1940s with ground-based radio-route frameworks, for example, LORAN [1]. Today, there are location services that stack different mediums of check over each other to make a Proof of Location through triangularization and GPS services. In any case, these methodologies still can't seem to address the most basic segment we look in location advances today: outlining a framework that recognizes fake flags and disincentivizes the ridiculing of location information. Hence, we suggest that the most critical crypto-location platform today will be the one that spotlights most on demonstrating the root of physical location signals. Shockingly, the idea of applying location confirmation to blockchain advancements initially showed up in September 2016 at Ethereum's DevCon 2. It was presented by Lefteris Karapetsas, an Ethereum designer from Berlin. Karapetsas' venture, Sikorka, empowered keen contracts to be sent on the spot in reality, utilizing what he named, "Proof of Presence." His use of spanning location and the universe of blockchain concentrated basically on expanded reality utilize cases; and he presented novel ideas, for example, challenge inquiries in demonstrating one's location

Token economy

Oracles remain as a huge segment of the power and framework requirements for decentralized applications, with the vast majority of the concentration rotating around the availability and total of definitive oracles. They trust that the requirement for a completely decentralized and trustless arrangement of oracles is required for decentralized applications to achieve their greatest potential.

They utilize XYO Tokens to boost the coveted conduct of giving precise, solid location heuristics. XYO Tokens can be thought of as "gas" expected to interface with this present reality keeping in mind the end goal to confirm the XY-arrange of a predefined question.

Boosting Token Usage

A framework in which token holders are urged not to utilize their tokens makes a long haul issue for the fundamental economy. It makes a biological community with rare stores of significant worth and triggers a characteristic motivation to develop purposes behind not utilizing the token, rather than boosting utility and liquidity.

My last sentiment

The objective of the XYO Network is to make a trustless, decentralized arrangement of location oracles that is impervious to assault and delivers the most astounding conviction conceivable when questioned for accessible information. We achieve this through an arrangement of deliberations that significantly decreases the danger of location ridiculing through a chain of zero-information proofs along the segments of the framework.

Website: https://www.xyo.network/
Whitepaper: https://docs.xyo.network/XYO-White-Paper.pdf
Telegram: https://t.me/xyonetwork
ANN: https://bitcointalk.org/index.php?topic=3040825.0
Bounty: https://bitcointalk.org/index.php?topic=3053801.0