The XY Oracle Network
#XYO #Tokensale #Bounty #blockchain #hackernoon #cryptolocation
Good afternoon, ladies and gentlemen! with joy I present you a new step in the world of blokchain- XY Oracle!
In a nutshell, you will not be able to disclose the whole picture of the project or describe the activities of the team! What ICO is in full swing, which means the company bounty does everything that it can to advertise the project! I hope I can reach you and discover the values of the project!
With the advent of blockchain-based, trustless smart contracts, the need for oracle services that arbitrate the outcome of a contract has grown significantly. Most current implementations of smart contracts rely on a single or aggregated set of authoritative oracles to settle the outcome of the contract. In cases where both parties can agree on the authority and incorruptibility of the specified oracle, this is sufficient. However, in many cases, either an appropriate oracle does not exist or the oracle cannot be considered authoritative because of the possibility of error or corruption. Location oracles fall into this category. The divination of the location of a physical world item relies on the reporting, relay, storage, and processing components of the given oracle,all of which introduce error and can be corrupted. Risks include data manipulation, data pollution, data loss, and collusion.
The goal of the XYO Network is to create a trustless, decentralized system of location oracles that is resistant to attack and produces the highest certainty possible when queried for available data. We accomplish this through a set of abstractions that greatly reduces the risk of location spoofing through a chain of zero-knowledge proofs along the components of the system.
Our system provides an entry point into a protocol of connected devices that provides high certainty on location data through a chain of cryptographic proofs. Users are able to issue transactions, called “queries,” in order to retrieve a piece of location data on any blockchain platform possessing smart contract functionality.1 Aggregators from the XYO Network then listen to these queries issued to the contract and fetch the answers that have the highest accuracy from a decentralized set of devices that relay cryptographic proofs back up to these aggregators. These aggregators then feed these answers back into the smart contract after reaching a consensus on the answer with the best score. This network of components makes it possible to determine if an object is at a specific XY-coordinate at a given time, with the most provable, trustless certainty possible.The XYO Network has four primary components: Sentinels (The Data Gatherers),Bridges (The Data Relayers), Archivists (The Data Storers), and Diviners (The Answer Aggregators). Sentinels gather location information via sensors, radios, and other means.Bridges take this data from Sentinels and provide them to Archivists. Archivists store this information for Diviners to analyze. Diviners analyze location heuristics from Archivists in order to generate answers to queries and assign accuracy scores to them. Diviners then relay these answers back into a smart contract.With a physical network comprised of untrusted nodes it is possible to determine the certainty of data that has been provided by edge nodes based on a zeroknowledge proof that two or more pieces of data originated from the same source. Using these data sets, combined with a number of similar data sets and the knowledge of at least one node’s absolute location, the absolute location of the other node can be ascertained.
Thus, we see an absolutely complex project performed by talented and gifted people who will succeed, do not miss your chance to take part in ICO:
TOTAL PROJECTED XYO SUPPLY
24,158,373,684
PROJECTED PUBLIC SALE CAP
$48,000,000
Link:
Website- https://get.xyo.network
White-Paper- https://docs.xyo.network/XYO-White-Paper.pdf
Telegram- https://t.me/xyonetwork
My profile BTT- https://bitcointalk.org/index.php?action=profile;u=967887