XY Oracle Network (XYO) — This is just a beginning

21st Century, an era full of innovation and inventions, scientists and engineers trying their best to bring more development and advancement in technology and mainly to strengthen the connection between the people around the globe. An era where globalization has reached to its peak and people around the world are connected with each other through online websites Oracle a well-known database software makes sure to prioritize the safety and security of our location information and to provide every user the assurity of authenticity and accuracy of what they opt for their usage .The two key components “proof of origin” and “bound witness” enables the users to develop the understanding and implementation of block chain technology and world data collection who merge with each other to form a well-developed system that directly functions the applications.

Introduction and background

Oracle being a part of DApp( decentralized application) is responsible for solving digital queries, contracts and cases with factual information that is accurate and authentic by all means. In current times it inspected the flaws and emerging issues caused due to fraud location, navigation etc. and decided to process this entire problematic scenario into easy steps:

1. Sentinels: They basically provide multiple evidences about location. They enable a user to discover and learn about location witnesses by assuring that all the components come from the same source and so they form a chain of a collection of these authentic evidences through reliable sources.

2. Bridges: They basically audit the received information that is earlier transcribed regarding location data. It works as a circular pathway between sentinels and archivists. This feature makes sure that the processed information is utmost accurate by filtering out the erroneous information along with authentic reasoning.

3. Archivists: They are responsible of storing the filtered information safely with all the bits and details. Databases are about storage of valid information which later results in database integration in order to provide efficient services. Along with that it maintains indexes so it becomes easy for the user to switch from step fifteen to step one .It helps the user to understand and train for the complex functioning of Oracle.

4. Diviners: The last and final step. This is the most important and complex step as it gives the final outcome by selecting the most appropriate and accurate piece of information in order to satisfy the customer’s query. Diviners proof read all the stored relevant information in archivist and evaluates thoroughly the proof chain to come up with the best and reliable answer.

XYO Token Specifications

The public token sale has a tiered pricing structure that starts at 1 ETH: 100,000 XYO and maxes out at 1 ETH: 33,333 XYO.
● Smart contract platform: Ethereum
● Contract Type: ERC20
● Token: XYO
● Token Name: XYO Network Utility Token
● Token Address: 0x55296f69f40ea6d20e478533c15a6b08b654e758
● Total issuance: Finite and capped at the amount reached after the Token Main Sale
● Amount issued during the main sale: Unlimited
● Unsold and Unallocated tokens: Burned after the token sale event. No further XYO tokens will
be produced after the Main Sale ends.

XYO Pre-Sale Timeline and Details

● Start: January 5th, 2018
● End: February 28th, 2018
● Token Price: 1 ETH = 200,000 XYO
● Minimum Purchase Amount: 15 ETH
● Maximum Purchase Amount: Unlimited

XYO Main Sale Timeline and Details

● Start: March 20th, 2018
● End: May 20th, 2018
● Token Price: 1 ETH = 100,000 XYO initially and 1 ETH = 33,333 XYO at max.

Conclusion

In this era of rapid advancement and technology people remember to sign in on online websites but they forget to secure their identities which ultimately results in severe cases of cyber-crimes .People should think about toxic issues such as “Fake diviner attack” and “Sentinel DDos attack” and that these can be solved by taking small measures and precautions .setting up of a cryptographic puzzle for anyone trying to make attempts to invade privacy of any user worldwide doesn’t take much time .Oracle works to process and solve the issues and to provide easy solutions to users worldwide and so implementation of these processes can only provide quick benefits and convenience because innovation alone is not enough innovation along with solution of its future consequences is what matters .

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Website: https://xyo.network/index.html
Whitepaper: https://docs.xyo.network/XYO-White-Paper.pdf
Telegram: https://t.me/xyonetwork
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