XYO Network – blockchain technologies for the IoT

The Internet has opened up a wide range of possibilities to use innovative technologies on different technological levels. Back in 2011, the overall number of devices connected to the network exceeded the number of people on the planet by more than 80%.

It causes the need to find the ways which could enable every user to protect his activities and personal data when using the Global Network. One way or another, when you are dealing with the Internet, you face the need to provide some confidential data and in case the environment is not secure, it may lead to its loss or unauthorized use.

How has the situation changed with the emergence of decentralized systems?

Not so many years ago, the world found out about the new technologies which have radically changed the situation in the field of data storage and transfer. I am talking about the blockchain technologies and Bitcoin blockchain in particular, which attracted the attention of the audience at the dawn of crypto technologies.

Bitcoin blockchain has never stopped its development and nowadays this distributed network continues to improve. As a result, we have a blockchain with possibilities that correspond any needs. Then we all witnessed how the Ethereum blockchain gained popularity thanks to the use of smart contracts with the maximum protection level. As for the speed of transactions within the network, this nuance is constantly being improved. This is when the revolution in the IoT has started.

What does XYO Network project represent?

This project will operate in the described field. The developers have created a number of special features for this project to become unique and useful for users. Hardware and software on which the project is based, allow to work with data in four planes.

With the help of XYO Network, users will be able to send transactions in order to receive correct information about location from any decentralized platform which uses smart contracts. The users’ requests are processed by special aggregators. They extract information from the blockchain, process it and then return answers to the smart contract. Thus, by sending a request, any user can get an answer about whether the required object is located in the given coordinate system.

Structure of XYO Network:

● Sentinels are responsible for data collection with the help of sensors and radio receivers.

● Bridges perform the function of retransmission between the sentinels and archivists.

● Archivists are used to store data until it gets to the last component of the structure.

● Diviners generate answers by analyzing the given object's location.

XYO Network’s features

Within the project's ecosystem exists a concept of a targeted indicator of origin. It is determined by the proof of the chain’s origin. It means that data can be obtained from the source without revealing the main information about the source.

All components of the request are registered in one chain. As a result, it forms a comprehensive proof of the chain’s origin. This concept is used to indicate the reliability of the real world’s facts.

How does it work?

To ensure a well-coordinated operation of the entire system, the project is built on XYO MainChain blockchain. Its base contains reliable information which can be used to find answers to questions as well as the history of all actions on the network which generates an estimation of the data origin. If you are interested in XYO Network project, you can find more information about it in its White paper.

Growth prospects of XYO Network

I should mention that the project has already been partially implemented. The developers have managed to create a network with more than a million devices connected to it via various means of communication, for example, Bluetooth or GPS. All the previously created systems couldn’t provide such search speed and data safety. The creators claim that the current level of the project’s development is only the beginning and the platform will go global and attract a multibillion audience.

The platform uses an open-source model, so any operator of the positioning devices can join it and start working, thus obtaining a possibility to earn tokens.

Tokens can also be purchased during the crowdfunding camping. Please note, that the number of tokens to be issued during the ICO is limited, so hurry up if you want to join XYO Network.

In order to scale up the project and increase its power, the developers plan to unite the ecosystem with other companies.

More information:

Website: https://xyo.network/
WhitePaper: https://docs.xyo.network/XYO-White-Paper.pdf
ANN: https://bitcointalk.org/index.php?topic=3040825.0
Bounty: https://bitcointalk.org/index.php?topic=3053801.0
Telegram: https://t.me/xyonetwork
Twitter: https://twitter.com/XYOracleNetwork
Facebook: https://www.facebook.com/xyonetwork
Github: https://github.com/XYOracleNetwork

Author: saycryptohello, bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1336255