XYO Network

Overview of XYO Network

  • XYO Network’s co-founder Markus Levin noted “Shrem’s first hand experience with both the actual and perceived limitations of digital currency, followed by rapid innovation to overcome them, is exactly what we need to introduce a new cryptolocation technology on a massive and global scale.”
  • XYO Network has a technological infrastructure that enables Smart Contracts to access the real world to determine an object’s specific XY-coordinate and lets users employ applications that execute transactions in a Smart Contract.
  • XYO Network is an effort to create a vast, geospatial, blockchain-powered location network currently under development with the goal to provide accurate, certainty-driven location data on everything from cars to smartphones.
  • The XYO Network is a project launched by a company called XY, which has been around since 2012 building location technology solutions for autonomous drones, self-driving vehicles, smart cities, and space exploration.
  • XYO Network will solve this problem through its “Proof of Origin” that provides identity-less, location-based proof underlying the components the XYO protocol to create a trustless, crypto-location protocol.
  • XYO Network aims to create a decentralized and trustless system of location oracles which is not only resistant to attacks but also provides highest possible certainty when queried for the available data.
  • XYO Network recently drew positive industry attention for executing a geospatial blockchain smart contract using a drone at its inaugural Spatial Summit event in front of more than 700 atseemees.
  • XYO Network made waves earlier this year when the company held a hackathon to specifically build traffic flow and parking applications based on data provided by the city of San Diego.
  • XYO Network Partners with SMK, Leading Japanese OEM and World’s Top Remote Control, Touch Panel and Interconnect Technologies Device Manufacturer
  • XYO Network will launch its EtherX satellite with Spaceflight aboard a SpaceX Falcon 9 in late 2019, on SpaceX CRS-19.

    • Blockchain

    “We are in a race to build the future and bring blockchain technology to the real world through practical applications that will become the foundation of smart cities across the world,” said XYO Network co-founder Markus Levin.”A partnership with Joe Gibbs Racing provides a tremendous platform for sharing the exciting technology we offer.”

    Network

    By combining location beacons with IoT and mobile devices, the XYO Network ecosystem plans to deliver the verified coordinates and data needed to execute smart contracts, run smart cities, foster financial transactions, and power a legion of location-centric applications.For more information, please visit https://xyo.network.

    Is @xyo-network/base safe to use?

    The npm package @xyo-network/base was scanned for
    known vulnerabilities and missing license, and no issues were
    found.Thus the package was deemed as
    safe to use.See the full
    health analysis review.

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    How to Trade XYO?

    Despite being on the market for almost two years, there are just three places that allow you to buy, sell, and exchange XYO.Today, the XYO cryptocurrency can be traded against BTC, ETH, and USD on the YoBit exchange and against BTC and ETH on the KuCoin exchange.It can also be exchanged for ETH via decentralized exchange (DEX) – IDEX.

    How does it work?

    The proof of location was first used in the late 60s and has evolved to triangulation and use of GPS in more recent years.The concept was first introduced to blockchains in 2016 when an Ethereum based, Sikorka introduced the proof of presence.However, the crypto-location blockchain faced similar problems as normal blockchains using oracles to reach a consensus, it can be manipulated and corrupted.The major issue crypto-location networks face is the reliance of an off chain device to report the actual location.

    What is @xyo-network/base?

    Base util inspired by XYO.Visit Snyk Advisor to see a
    full health score report
    for @xyo-network/base, including popularity, security, maintenance
    & community analysis.

    Is @xyo-network/base popular?

    The npm package @xyo-network/base receives a total of
    22 weekly downloads.As such,
    @xyo-network/base popularity was classified as

    limited.Visit the
    popularity section
    on Snyk Advisor to see the full health analysis.

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    How Does XYO Network Work?

    The XYO Network contains four primary pillars: Sentinels (The Data Gatherers), Bridges (The Data Relayers), Archivists (The Data Storers), and Diviners (The Answer Aggregators).

    What is @xyo-network/node-runner?

    Implements a node life-cycle loop that can be used / extended to manage how a node in the XYO network behaves in differ…Visit Snyk Advisor to see a
    full health score report
    for @xyo-network/node-runner, including popularity, security, maintenance
    & community analysis.

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    What Is XYO (XYO) Cryptocurrency?

    The crypto industry is stuffed with thousands of coins and tokens.Most of them are remain dead, some of them are a scam, and there is a little number of cryptocurrency projects that really strives to make a world a better place.One of such projects is XYO Network and its XYO coin.Today, we are going to observe the XYO coin as a whole – what XYO is, where and how to trade XYO, how to store XYO, etc.

    How Does it Work?

    A network of individuals gathering geospatial data builds the XYO Network.These individuals use the COIN app to geomine and receive XYO tokens in return for their data.After mining, COIN users upload the ledger from the Sentinel to a Bridge using the XYO network app.The Bridge (likely stored on a phone) sends its data to an Archivist.These nodes hold data from all users.When someone asks the XYO network a question, a Diviner will ask an Archivist or Bridge and return the result.Basically, these steps ensure the Diviner has the correct information when someone asks for data.

    Is @xyo-network/node-runner safe to use?

    The npm package @xyo-network/node-runner was scanned for
    known vulnerabilities and missing license, and no issues were
    found.Thus the package was deemed as
    safe to use.See the full
    health analysis review.

    Is @xyo-network/node-runner popular?

    The npm package @xyo-network/node-runner receives a total of
    2 weekly downloads.As such,
    @xyo-network/node-runner popularity was classified as

    limited.Visit the
    popularity section
    on Snyk Advisor to see the full health analysis.

    Who Would Use the XYO Network?

    Beyond the technical guts of the XYO Network lays a multitude of use cases that span several industries.

    History of XYO Network