With the
advent of blockchain-based smart contracts, without trust, the need for
oracle services that do arbitration outcome contracts has grown
significantly. Most of the current implementations of smart contracts
rely on a single set of single or combined authoritative oracle to
complete the outcome of the contract. In cases where both parties can
agree on the authority and inability of the predetermined prophecy, this
is sufficient. However, in many cases, one of the corresponding oracle
does not exist or prophecy can not be considered authoritative because
of possible
errors or corruption. The oracle location falls into this category. The
physical location forecast of the item depends on the reporting, relay,
storage, and processing components of the given prophecy, all of which
introduce errors and can be corrupted. Risks include data manipulation,
pollution data, data loss, and collusion.
The XYO network has worked towards a possible developer concept, such as They write smart contracts for the blockchain platform, to interact with the physical world as if it were an API. The XYO Network is the world's first oracle created protocol allows two entities to transact in the real world without a centralized third party. Our
abstractions allow us to verify locations without trust to developers,
creating a Protocol with new usage cases that have not been enabled to
this day.
The XYO network will be built on existing infrastructure of over 1,000,000 devices circulating in a world that is distributed through findables businesses facing consumers. Bluetooth and XY GPS devices enable the everyday consumer to do physical tracking beacons on things they want to track (like keys, suitcases, bikes and even pet). If they misplace or lose such a thing, they can see exactly where it is by looking at it location on the smartphone app. In just six years, the XYO Network has created it of the world's largest Bluetooth and GPS consumer network.
The goal of the XYO Network is to create a non-urgent and decentralized location system prophecy
that is resistant to attack and produces the highest possible certainty
when questioned for available data We achieve this through a series of
abstractions that greatly reduce the risk of spoofing the location
through a series of proof of zero knowledge along the component system.
XYO NETWORK COMPONENTS
The
XYO network has four primary components,sentinels,Bridges,Archivists
and Diviners. These four components enable geo -focused
consensus-building and trustless verification of location data. This
means that when you write a smart contract that specifies for an object
to appear at a specific XY-coordinate, if it appears there, you will
know that it was at that location with absolute certainty. This is all
done without risk of spoofing the location signaling device(s) verified
by thousands of Sentinels in the XY Oracle Network with the longest
Proof of Origin chain (thus yielding greater confidence in the
heuristics).
Sentinel
components are heuristic witnesses. They observe heuristics and vouch
for the certainty and accuracy of the heuristic by producing temporal
ledgers. The most important aspect of a Sentinel is that it produces
ledgers that Diviners can be certain came from the same source by adding
Proof of Origin to them.
Bridges are
heuristic transcribers. They securely relay heuristic ledgers from
Sentinels to Diviners. The most important aspect of a Bridge is that a
Diviner can be sure that the heuristic ledgers that are received from a
Bridge has not been altered in any way. The second most important aspect
of a Bridge is that they add an additional Proof of Origin.
Archivist
components store heuristics in a decentralized form with the goal of
having all historical ledgers stored, but without that requirement. Even
if some data is lost or becomes temporarily unavailable, the system
continues to function, but just with reduced accuracy. Archivists also
index ledgers so that they can return a string of ledger data if needed.
Archivists store raw data only and get paid only for retrieval of the
data. Storage is always free.
A
Diviner answers a given question by analyzing historical data that has
been stored by the XYO Network. To accomplish this, heuristics stored in
the XYO Network must have a high level of Proof of Origin to measure
the validity and accuracy of the heuristic by judging the witness based
on its Proof of Origin. Given that the XYO Network is a trustless
system, Diviners must be incentivized to provide honest analysis of
heuristics. Unlike Sentinels and Bridges, Diviners use Proof of Work to
add answers to the blockchain.
TOKEN SALE PROCEEDS
XYO Token Specs
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. Details about volume and price based on our time structure will be announced soon.
• Smart contract platform: Ethereal
• Contract Type: ERC20
• Token: XYO
• Token Name: XYO Network Utility Token
• Token Address: 0x55296f69f40ea6d20e478533c15a6b08b654e758
• Total issuance: Finite and capped at the amount achieved after the Token Main Sale
ROADMAP
Join us in our commitment to build a decentralized world.
XY has built
the world of open location verification since 2012 by launching a
successful consumer GPS-GPS business that is essential for understanding
and building a real-world location network. Currently, XY has more than
1,00,000 beacons worldwide.
2017
XY Releasing Ground Tracking Device Tracking: The "XYGPS"
XY
launched the world's first GPS hybrid and Bluetooth enabled device.
XYGPS can report its location anywhere in the world where Cellular data
and GPS are available.
XY Releases XY4 + Device
XY released an XY4 + device that makes it capable of operating as an XYO Network node through firmware updates.
XY Crossing the 1,000,000 Beacon Marks
XY device one million born.
Blockchain-Based Oracle Network XY Born
The
development of moving the network platform of the internal XY location
to the open block implementation started: The Oracle XY network was
born.
2018
Q1 & Q2
XY Mints The first "XYO Token" Used for Intelligent Contracts to Access the XYO Network
The first XYO Token is created and represents the official currency to be used throughout the XYO Network.
XY to Complete XYO in Test Network ("XY TestNet")
XY
will complete the development of Oracle Testnet XY and begin launching
location-focused blockchain protocols to its Sentinel device.
2018
Q3 & Q4
XY will launch XY Oracle Main Network ("XY MainNet")
XY
will launch the full launch of the Oracle XY Network to XY the Sentinel
beacon and start tests with new Sentinel partners (especially IoT
companies and mobile app developers).
XY to Complete API for Intelligent Contract Developer to Interact with Oracle XY Network
The
release of the XYO Network API that allows smart contract developers to
write contracts to interact with XY networks. Library to be developed:
Ethical Solidarity Library, Viper Ethereum Library and JavaScript
library for websites interact with XYO Network (similar to Web3.js
integration with MetaMask).
XY to Release XY Sticker-Based Tracker, Which Can Be Added to the eCommerce Package
Launch the "XY-Stick" product that allows eCommerce retailers to track each of their products in realtime.
2019
XY to Grow Global Network Sentinel Multiple Location Equipment
Grow
XY Sentinel coverage (location data provider and verifier) as well as
other components of the Oracle XY Network (Bridge, Archiver, Burial).
XY to Launch SatoshiXY and VitalikXY LEO Satellite Sentinels
Shares will be sold on XYO's Low Earth Orbit satellite; The bet represents ownership in the XYO Token award section.
XY to Businesses, Organizations and Retail Companies that Have Greater-Use Cases for Location Verification
Formalize
business partnerships with larger companies and entities that can take
advantage of decentralized and unreliable location instincts (eg
logistics systems, supply chain companies, auditoras hours, eCommerce
businesses and countless other niches).
2020+
XY to Expand the Global Reach of the entire Oracle XY Network
Details Information :
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
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