XY Oracle USD XYO-USD Stock Price, Quote, News & Analysis

Consider an entirely different integration of the XYO Network with a hotel review site, whose current problem is that their reviews are often not trusted. What if one could say with extremely high certainty that someone was in San Diego, flew to a hotel in Bali and stayed there for two weeks, returned to San Diego, and then wrote a review about their hotel stay in Bali? The review would have a very high reputation, especially if it was written by a serial reviewer who has written many reviews with verified location data. In addition to the identityless composition of the XYO Network, there is an additional layer of privacy protection implied by the decentralized architecture of the XYO Network. A decentralized network eliminates the motive to profit from transactions, which could otherwise encourage malicious actors to build fake user profiles without permission. Since the data is publicly accessible, there is no incentive to profit by accessing and selling information.

  1. The shipment will include an XYO Network Sentinel, a low-cost electronic device that records its interactions with other XYO Network devices on its blockchain ledger.
  2. The problem most cryptoeconomic incentives have is that the focus is placed too strongly on the token miners, and not at all on the token users.
  3. The XYO Network now stands as XY Findables’ pursuit to make world-wide “Findability” happen — the XYO Network serves as a decentralized location oracle for blockchain smart contracts.
  4. Another key member is co-founder Markus Levin, bringing his 15 years of entrepreneurial experience to the promising project.
  5. In that circumstance, the two people may stream the game from a third-party, or may consult “ESPN” or another sports website for the answer to “Who won the game?

After spending a great deal of time and effort structuring our white paper, Christine carried her work even further by applying the same best-practices to our green paper. Once the XYO Token holder queries the XYO Network and pays the requested gas, all Diviners working on the task call out to the relevant Archivists to retrieve the pertinent data needed to answer the query. The data returned is derived from the Bridges, who originally gathered the data from the Sentinels. These include entities such as Bluetooth trackers, GPS trackers, geo-location tracking built into IoT devices, satellite tracking technology, QR code scanners, RFID scanning and many others.

What is XY Oracle?

For marketing purposes, an overview document is also presented with an executive summary. The specific token liquidity mechanisms and % yields for token holders will be outlined in a future paper. The XYO Network provides mechanisms to maintain a healthy economic token system and a balanced liquidity ratio.

Another key member is co-founder Markus Levin, bringing his 15 years of entrepreneurial experience to the promising project. One of the tech startups that gained a lot of respect in this space is San Diego based XY Findables. Chances are, you have already come in contact with one of their flagship products XY Find It. Taking off as a Kickstarter project, their stylish, techie gadgets looking fresh out of sci-fi were a commercial success.

XY Oracle Price Prediction As XYO Targets 144% Surge To $0.017

XYO’s sovereignty protocol, modular platform, and Proof-Of-Origin Blockchain propel businesses into a new era of unparalleled decentralized efficiency. The XYO Network will rely on an ERC20 token called the XYO Token used to incentivize the desired behavior of providing accurate, reliable location. XYO Tokens can be thought of as “gas” needed to interface with the real world in order to verify the XY-coordinate of a specified object. XY’s team is comprised of seasoned engineers, business development professionals and marketing experts. Scott Scheper and Markus Levin joined as co-founders of the blockchain initiative in 2017 to assist in building the XY Oracle Network.

XYO, or the xy oracle, is a network focused on combining geospatial location tracking and blockchain data. For example, if two XYO users with smartphones connected to the network pass by each other, the XY Oracle records that data and stores it on a ledger. Nodes record these interactions, which users can then encrypt and bridge to whatever other network they might wish to use the data for. The XYO Network utilizes a cryptographic method called a zero-knowledge proof, which is perhaps one of the most powerful tools cryptographers have ever devised. Zero-knowledge proofs provide authentication without exchanging private data, which means private data cannot be exposed or stolen. This is a novel advancement because it provides an extra layer of security not only to information transmitted in real-time, but also data stored on the blockchain ledger for future use.

Token Economy

The shipment will include an XYO Network Sentinel, a low-cost electronic device that records its interactions with other XYO Network devices on its blockchain ledger. Other devices on the XYO Network will likewise record their interactions with other packages being shipped. Every one of these interactions will be independently verifiable, asserting a web of locational certainty that stretches all the way back to the shipment’s point of origin. When the shipment reaches its destination (as confirmed by its interaction with XYO Network devices within the buyer’s home), the smart contract will be executed and the payment will be released. Should there be a dispute, the ledger will provide a history that can confirm the delivery of the shipment or show where it went off track. We propose that the most important advancement necessary for bridging the present to the future rests on the world’s ability to trust machines.

It allows users to interact with nearby XY Sentinels to collect XYO Tokens, which can be traded or used for XYO transactions. This is a fun and rewarding way to encourage users to interact with XY Sentinels and helps expand XYO’s number of edge nodes. It allows users to collect digital assets around the world in exchange for providing location-based data to the XYO Network. For the blockchain, oracles exist as trusted entities that have the authority to answer questions a contract might have.

When John is treated by a doctor or nurse, these interactions are recorded on John’s ledger, the monitor’s ledger, and the ledger of a Sentinel embedded in the staff member’s hospital ID. The growing expansion of platforms and services that tie the online world to the physical world require equally expansive solutions to their inevitable complications. The solutions the XYO Network can provide are infinite and its potential impact in the world is unlimited. Reg A+ Equity is an interesting opportunity, particularly because it allows everyone to invest in a company at an earlier stage than normally available. In most cases, the general public can only invest in a company once it has gone through an IPO and is already traded on a public market. Create a free account to gain access to news, analysis, and real-time alerts on the stocks you follow.

Smith understood the natural instinct of humans to operate with absolute rules, rather than rules of negotiation. He believes this is because holding the ideal-state of a system concurrently, in-memory, is too taxing to the brain. In other words, “hard-and-fast rules are easier to keep than rules that are slightly relaxed. The XYO Network believes that the value of a token should remain in direct proportion to its utility, which to some degree relies on the number of transactions it participates in. Many cryptocurrencies today focus almost exclusively on incentivized systems that reward miners; they do not focus on building incentives for token users. Over time, this imbalance creates an undesirable ecosystem for every participant involved (miners, token holders and tertiary entities who build upon its platform).

On the downside, parabolic SAR was still negative and above the XYO price, showing that overhead pressure from the 200-day EMA and the upper boundary of the flag is very intense, suggesting a continued correction. Moreover, the moving average convergence divergence (MACD) indicator was moving higher in the positive region away from the zero line, suggesting that more buyers than sellers populated the XYO market. Besides this bullish chart formation, the relative strength index (RSI) position in the positive region added credence to the bullish outlook for the XY Oracle price. The price strength at 65 hinted at the presence of more bulls than bears, which could push the price higher. With such price action, the XY Oracle price has formed a bullish flag pattern on the daily chart, as shown below. Technically, this formation is a highly bullish pattern that indicates the possible continuation of an uptrend.

This coin is not available on any of reputed exchange as of now.

He mainly covers digital assets and tech stocks, with a focus on crypto regulation and DeFi. The XYO Network addresses these shortcomings and proposes solutions that recalibrates cryptoeconomic dynamics and revolutionizes blockchain cryptocurrency technology forever. In an XYO crypto-location mining pool there are XYO Miners (e.g Sentinels, Bridges, Archivists, Diviners) who take part in answering queries to the XYO Network. In this pool, if a majority of XYO Miners are of low quality, the entire pool of XYO Miners can vote to set the location-verification bar low. However, as soon as more competitive machines are introduced to the pool, the system votes to increase its ideal-state for the system.

XYO is the ERC-20 utility token for https://cryptolisting.org/ Network, used to calculate smart contract agreements for the XYO Protocol. XYO is an Internet of Things (IoT) blockchain technology company, using a network of devices to anonymously collect and validate geospacial data or data with a geographic component. Validity of geospacial data is a key part of the network protocol, and a major benefit offered by XYO network. Bridge nodes detect, confirm and attach signatures to bound witness interactions between Sentinal nodes, sending signed interactions to Archivist nodes.

Data tampering is tempting when a party is financially incentivized to do so, which is why cryptoeconomics are typically utilized to make such actions economically unviable. The above example does not rely on cryptoeconomics for certainty; rather, to protect against this vulnerability, a concept called consensus is deployed for oracles. This enhancement requires the smart contract to not only rely on one data source, but multiple sources of data, all of which must agree and achieve consensus on the winner in order for the contract to execute.


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