XYO NETWORK

One of the unique features of the blockchain is the use of smart contracts and DApps. These have given rise to the expansion of the use of crypto-economic principles and the blockchain to cut across numerous organizations around the world. Notwithstanding, there is still one area that does not have an authoritative and decentralized platform. And that is the area of determining and verifying locations. But thanks to the XYO Network, that is becoming a thing of the past.
The advent of the blockchain has rapidly changed the landscape of the tech industry. In just a few years, the focus of development has shifted from isolated, disguised and privatized information systems to their best form - decentralized, independent and stepless accounting books.

BLOCKCHAIN JUST ENTERED THE REAL WORLD

The XYO Network is a trustless and decentralized cryptographic location network that utilizes zero-knowledge proofs to establish a high degree of certainty regarding location verification.

The concept of The XYO Network is to enable developers to write smart contracts for the foundation of block platforms and interact with the world, as if it were an API. The main goal of the platform is to allow two entities to make transactions in the real world without the assistance of a third party.

XYO NETWORK COMPONENTS
The four main components of the platform allow for such operations as geoinflation, consensus building and verification of local data reliability. In order to understand how they work, you should consider each separately.

SENTINELS

Sentinel components are responsible for the accuracy of the heuristic. These components of the platform create books that can be sure that Divines have been obtained from a single source, in addition to adding Proof of Origin to them.

BRIDGES

The following components of the platform are bridges. They play the role of heuristic transcripts, relaying heuristic books from the Sentinels to the Diviners. Thanks to the Bridge, Diviner cannot worry about the possibility of changing the heuristic book, and Bridges add an Additional Proof of Origin.

ARCHIVISTS

The objective role of Archivist lies in the fact that they can safely keep the heuristic in a decentralized form, without losing any historical register. In the event of a sudden loss of data or a malfunction in their operation, the system will continue to function, but only with reduced accuracy. The system will not shut down completely. It should be remembered that Archivists store only raw data, but receive payment only for their retrieval. Data storage is free of charge.

DIVINERS

By analyzing historical data that was saved by the network, Diviner answers the questions asked. To measure the reliability and accuracy of the heuristic, it must have a high level of proof of origin. Given the defenselessness of the system, Diviners should be encouraged to ensure an honest analysis of the heuristics. Diviners use Proof of Work to add responses to the blockchain.

THE XYO NETWORK LEVERAGES CRYPTOECONOMIC INCENTIVES TO REWARD DESIRED BEHAVIOR AND DETER AGAINST NETWORK ATTACKS

Within a large-scale system, a witness node can become a source of false data due to a defect or damage. Invalid data is quickly and easily detected, and subsequently deleted if it falls outside the permitted range of a particular heuristic. However, it is much more difficult to detect false data.
An unreliable data source used for a smart contract requires increasing the reliability of data provided by first establishing a bidirectional location proof.
The primary bidirectional heuristic of the location allows both sides to verify the presence and range of interaction by coordinating the interaction. This process helps ensure that there is evidence with zero disclosure confirming that the two nodes are in close proximity to each other.
A new concept is called Bound Witness and the XYO network first opens it for the whole world. The consequences of this innovation will change a lot of industries and ways of trading on a global scale.

ICO DETAILS

Public token sales have a tiered pricing structure that starts at 1 ETH: 100,000 XYO and maxes out at 1 ETH: 33,333 XYO.
ICO Time: 20 Mar 2018 - 20 May 2018
Smart contract platform: Ethereal
Contract Type: ERC20
Token: XYO
Price: 1 ETH = 100,000 XYO
Accepting: ETH

ROADMAP

RPIMARY TEAM

CONCLUSION
Using the unique features of the blockchain technology, the XYO Network provides world-class location protocols that are essential in developing a location network that is decentralized, trustless, and secure. And with the XYO Token, all participants within the network stand to gain a lot.

Website https://xyo.network/index.html
Whitepaper https://xyo.network/whitepaper/
Twitter https://twitter.com/XYOracleNetwork
Telegram https://t.me/xyonetwork
Facebook https://www.facebook.com/xyonetwork
Author https://bitcointalk.org/index.php?action=profile;u=1186365