XYO
THE XY ORACLE NETWORK
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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
For more information visit the link below as source Reference:
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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