GPS is a great technology that we all are enjoying now. Thus, we all rely on GPS and we are aware it is accurate, but what if the signal would jam, experience cyber attacks and other forms of interference appear to be growing in frequency and severity. GPS is exceptionally accurate but it's flaws are undeniable, now here comes XYO Network.
Let me introduce to you the XYO Network (The very first dApp for real world uses and application), on how the project would disrupt the market.
XYO Network
is the blockchain’s first decentralized, trustless and secure Proof of Location organize. Because of its two one of a kind center ideas, Proof of Origin and Bound Witnesses, the XYO Network allows developers and smart contract creators to interact with the real world as if through an API.
On the easiest way possible, this is how XYO Network would work out
I will start with bitcoin's transaction as an example.
To successfully transfer a bitcoin from the sender, there would be an algorithm that needs to be solved before the bitcoin would be received by the recipient .
Same with XYO Network, there would be a problem that would be passed from the Sentinel (the sender) to the Bridge (the miner) to Archivist (blockchain ledger) to Diviner (recipient). Hope you get that right. Now I would further explain how the Sentinel,Bridge, Archivist, and the Diviner do their respective jobs to accurately locate things on the real world.
Sentinel
- The source of locations, where all the data comes from and store it on a public ledger.
- Incentiviced by XYO Tokens for every correct location it could give.
- Analyzes each location by "Proof of origin" and scored by "Origin Chain Score"
Bridge
- Transcriber
- Incentiviced by XYO Tokens for every correct location it could transfer from Sentinel to the Archivist.
- Relayer of heuristics
Archivist
- Ledger that stores all the data on decentralized ledger
- All proofs are stored
- Incentiviced by XYO Tokens for storing data
Diviner
- Accurate data analyzer
- Analyzes the best score from the Archivist
- Most complex part of XYO Network
- Securing all data free from attacks and tampering
- Gives the answer to the Query Initiator
So this would go like
Sentinels Gather Data, . Bridges Gather Data From Sentinels, Archivists Index/Assemble Data from Bridges, . Diviner Fetches a User’s Query, Diviner Collects Data From Archivists, Diviner Formulates Answer, Diviner Proposes Block, Diviner Returns Result to Query Initiator, XYO Network Components Get Rewarded for Their Work.
The best word to describe XYO Network is a decentralized tracking device.
Isn't it amazing? A tracking device using the blockchain security, smart contracts and decentralized ledgers.
All the calculations for the Origin Chain Score, the Proof of origin and on how sentinels generate locations and how diviners gives the exact location can be found on the Glossary of their Whitepaper.
To know more of the XYO Network, you could visit them on these links below
Website
https://www.xyo.network/
Bitcointalk ANN
https://bitcointalk.org/index.php?topic=3040825.0
https://twitter.com/XYOracleNetwork
https://www.facebook.com/xyonetwork
Telegram
https://t.me/xyonetwork
Blog
https://medium.com/@XYOracleNetwork
CREATOR
aervin11
https://bitcointalk.org/index.php?action=profile;u=1196880
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