The XY Oracle Network: Determination and verification of Location using Blockchain technology

The XY Oracle Network: Determination and verification of Location using Blockchain technology
Like never before, copious inventions are cropping up in the technology industry. The mother of all technology was the development of the internet and this began with the invention of electronic computers in 1950s, according to Wikipedia.org. With this singular invention of the internet and electronic computers, the world has not recovered from the positive effects of it.
While pondering on the aforementioned fact, it again took just a man we only know as Nakamoto Satoshi to present the idea of using Blockchain technology in 2009. And this technology is one of those technologies we are to be grateful for. The usefulness of this ground-breaking technology though still at a budding phase, cut across all human endeavours. It is very well expected that this technological advancement will not be accepted by all, while holding on to that realization, it is also important to acknowledge how technologies have revolutionized our world, offered relieves and enriches our lives. And more are coming up on a daily basis.
That being said, to further strengthened Blockchain community and the weak promises present in today’s smart contract and proof of location, XY Oracle network has decided to take the centre stage.
What is smart contract you may ask!
Smart contract was first proposed by Nick Szabo, who begat the term in 1994. A smart contract is a computer rules planned to carefully encourage, check, or implement the arrangement or execution of an agreement. It permits the execution of dependable exchanges without any third party. These exchanges are trackable and irreversible.
The idea of smart contracts is to give security that is better than customary contract law and to decrease other exchange costs related with contracting,
But one thing that has escaped our minds is that smart contract being recently introduced to Blockchain-based platforms, depends upon a set of definitive oracles to settle the results of such agreement or contracts. The deficiency of the present oracle is that it is prone to certain blunder or debasement if the legitimacy of such smart contract cannot be verified or proved in agreement with the locations.
XY Oracle Network also known as XYO Network is the new wine in the Blockchain community to give a sturdy solution to the challenges in the present system, as authentication of Location by means of Blockchain technology via four mechanisms.

1. Sentinels: These are the essential focuses that assemble data. They present no difficulty but rather very straightforward way of gathering data from sources such as television, radio and other devices that are capable of transmitting signals. They are administered by an self-governing oracle.
2. Bridges: These are another essential parts to the Sentinels that get the messages accumulated by the Sentinels and are transmitted to the Archivists such that they may not be ruined or controlled. They similarly run on oracle free of the others.
3. Archivists: These are next in the connection of the framework by accepting the transferred messages such that they are put away or documented for examination. The chroniclers likewise work under an autonomous oracle.
4. Diviners: These do the expository work on the data that has been ordered and chronicled by the Archivists. They sort and brilliantly break down the information to give a criticism to the initiator and all things considered run autonomously and broadly on the oracle arrange inside its locale.

“The only limit to our realization of tomorrow will be our doubts of today."
This is your turn to make a mark using XYO as a yardstick to support a revolution that will outlive many generations to come by participating in the ICO. The first step to take is to sign up and purchase token on the site at the bottom of this article and the second yet very important step, is to put away doubts and utilize this opportunity maximally.

Website: https://www.xyo.network/
Ann/ Bounty thread: https://bitcointalk.org/index.php?topic=3053801.0
Telegram: https://t.me/xyonetwork
Authored by: https://bitcointalk.org/index.php?action=profile;u=1221175