Promising Cryptographic Location Network: XY Oracle Network

What is the XYO Network? And why is it promising? XYO Network is in fact a system which is decentralized proof-of-origin based cryptographic location network. And the system provides an entry point into a protocol of connected devices. With the power of location data through a chain of cryptographic proofs provides high certainty. This block chain structure reduces the risk of location spoofing. The system’s working structure is just like that: Sentinels gather real world location heuristics and prepare their own Proof of Origin to be chained to nodes above them . Bridges gather necessary data from online Sentinels and append Proof of Origin to their chain. Bridges then make themselves available to Archivists in the Network. 3. Bridges constantly send information to Archivists that are then kept on decentralized stores along with a location heuristic index. Diviners poll for queries sent to the Ethereum smart contract and decide to begin the answer formulation process Diviners then decide to take on a query by fetching the appropriate information needed from the Archivist network. Diviners choose the Best Answer to the query from the Archivist network that contains the best Origin Chain Score Diviners then propose blocks on the XYOMainChain containing the answer contents, the query, and the XYO Tokens (XYO) paid through Proof of Work. Other Diviners on the network digitally sign the block’s content, then the coinbase Diviner’s account nonce is updated to showcase its Proof of Work in the system once a consensus on a valid block is reached. Diviners package the answer, its Origin Chain Score, and its set of digital signatures and send them to an adapter component that securely connects to the XYO smart contract. The adapter is in charge of making sure the integrity of the Diviner has not been compromised and sends the set of digitally signed answers to the smart contract. This happens right after the block creation process. The components along the Proof of Origin Chain get paid for their involvement in fetching the answer to the query. Sentinels, Bridges, Archivists, and Diviners are all rewarded for their work. In the case that the same query is asked more than once, more than one answer may be produced since the answer that is produced at a given moment is based on the available heuristic the system can offer at that time.

XYO Network is promising. Because its aim is to have a consumer business that has successfully built a real-world network with over one million Bluetooth and GPS devices in the world. The XYO Network is an open system. And any operator of location devices can plug into and begin earning XYO Tokens.