The XYO network is the first oracle protocol in the world that makes it possible for the two entities to carry out transactions

The divination of the location of a global physical object is based on the reports, retransmission, storage and processing of the various components of the oracle, all of which have errors and can be damaged. Risks include data handling, dirt, loss and data collusion.

With the emergence of intelligent contracts based on blocking chains and without credibility, the need for oracle services that arbitrate the outcome of a contract has increased significantly. Most of the current executions of smart contracts are based on a single set of authorized oracles or aggregates to establish the result of the contract. In cases where both parties agree on the authority and incorruptibility of the specific oracle, this will suffice. However, in many cases, there is no proper oracle or the oracle can not be considered authoritative due to the possibility of error or corruption.

The XYO network is the first oracle protocol in the world that makes it possible for the two entities to carry out transactions in the real world without a centralized third party. He has been working towards the concept of allowing developers, such as those who write intelligent contracts for blockchain platforms, to interact with the physical world as if it were an API. The XYO abstraction allows the verification of location to be reliable for developers, creating a protocol with new use cases that until now have not been possible.

Operation of the network

The XYO network has a set of owner actors that create a complete cycle in the ecosystem. Sentinels or data collectors will obtain location data from a wide range of hardware solutions. Next, the data is transmitted through bridges that will guarantee the safety of the ecosystem through the Proof of Origin module.

Next, archivists will store this data in a decentralized ledger to prescribe all the wealth of historical data, of course, that these publicly distributed ledgers are tamper-proof, as they are based on the architecture of only append- only

Then the fortune tellers represent the trump card of the XYO network; they will obtain the most reliable and precise location data for the implementation of the query through the XYO API. With the help of the survey procedures, the fortune-tellers will access the infrastructure of the block chain to activate the created intelligent contracts that feed the ecosystem.

WE USE BLOCKCHAIN

XYO Network integrates natively with the main blockchain platforms of today, and its agnostic protocol allows integration with tomorrow's blockchain technologies.

Interact
XYO Network allows developers to get the power to interact with the real world as if it were an API.

Protocol
Think of the XYO Network not as a blockchain application (ie, how websites are for the Internet), but as a complete blockchain protocol (ie, as HTTP is for the Internet).

Build
Similar to blocking platforms such as Ethereum, EOS, omisego and others, the XY Oracle Network offers developers a platform to create decentralized DApps that depend on location.

BUILT TO SUPPORT MORNING BLOCK CHAIN PLATFORMS
XYO Network works natively with the following intelligent contract platforms, as well as other block chain platforms with full-Turing functionality.

THE PURPOSE OF XYO NETWORK

The goal of XYO Network is to create a decentralized and untrusted system of location oracles that is resistant to attacks and produces the greatest possible security when asked about the available data.

This can be achieved through a set of abstractions that greatly reduce the risk of location spoofing through a Zero Knowledge test chain along the system component.

With more than 1 million locating flares verified worldwide, and more to our network each day, the XOO Network is the ORACLE ORDINARY network of Proof Locations of Blockchain. Join us in a decentralized and location-oriented commercial market, which reaches 11 trillion dollars (more than 3 times more than electronic commerce).

Components of the platform

Guardians
Bridges
Archivists
Fortune tellers

Token: Invest

With the help of a state-of-the-art blockchain decentralized system and a globally extended network of terrestrial location data devices, the XY Oracle Network plans to take the GPS world by storm. Using a series of cryptographic protocols that can abstract security layers in the current location data networks, XYO can achieve a decentralized ecosystem that will provide 24/7 redundancy to the location data industries. With the help of the XYO token based on ERC20, developers will be able to query reliable location data directly from the network and use it as a basis for a practically infinite variety of intelligent contracts.

The XYO token is a utility token that can be used for services within the XYO ecosystem or simply exchanged for its monetary value in a few changes of cryptocurrency. According to some estimates, the location data industry is estimated at a whopping 11 trillion dollars. If the technology behind the XYO Network is really disruptive and the team offers constant development, the chip holders will undoubtedly benefit in the long term.
Symbol: XYO

Type of contract: ERC20

Period of the ICO: March 20 to May 20, 2018

Token price: 1 XYO = 0.00001 ETH (or 1 ETH = 100000 XYO) (this is the price at the start of sales, during ICO the price will increase, and near the end of sales with 1 ETH, it will be possible to buy only 33333 XYO)

EXPANSION OF THE XYO NETWORK

The XYO network is an open system to which any location device operator can connect and start earning XYO chips. We are fortunate to have a consumer business that has successfully built a real-world network with more than one million Bluetooth and GPS devices in the world.
The greater the sentinel cardinality in the XYO network, the more reliable it is. To further grow its network, the XYO network is committing itself to other companies to expand its sentinel network beyond its own network of XYO beacons.