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Sunday, March 4, 2018

XYO - Oracle's First Proof Of Location Blockchain Network

Hello everyone here I will explain about the latest post Xyo project that has a unique and good concept, for more details let's just go to the following discussion:

With over 1 million world-verified spot flare locations, and more added to our network every day, the XYO Network is the first oracle network Proof of Location Blockchain network. Join us in the decentralization of the location-dependent trading market, which amounts to $ 11 trillion (more than 3x larger than eCommerce).


Location data is used throughout the day, every day around the world.
We are all becoming increasingly dependent on location data and self-propelled vehicles, unmanned aircraft delivery packages, and smart cities in the future will significantly increase their dependence on them.

The greatest limiting factor facing the world today in advancing us into the future of more efficient technology is in direct proportion to our ability to trust location data.

"The need for a hard-to-treat system to complement GPS has been known for years.A highly accurate and reliable GPS, but the jam, spoofing, cyber attacks and other forms of distraction seem to increase in frequency and severity has the potential to destroy the effect on our lives and economic activities. "

President of the RNT Foundation, Dana Goward
Our current location technology is too inadequate to move us into the future ...

The XYO Network is the answer to this problem.
The XYO network makes location data without confidence possible through the technological ecosystem and the crypto-location protocol necessary to bridge the gap from today's world, to the future world.

Please continue below to learn how to ...

"XYO Is The Latest Breakthrough in Blockchain Technology and Can Be Larger than Bitcoin and Ethereum Combined"Often new technologies arrive that change the way we live. When Thomas Edison invented the light bulb in the late 19th century, he illuminated the world. And we have not lived since.

When the Wright brothers became the first to reach the flight at the turn of the last century, it changed the way we traveled the world. When the Internet became mainstream in the 90s, the whole world became connected.

And now a new technology has arrived that will once again change the way we live ... and shake up institutions like banks and governments to the point when they do it.If you think Bitcoin and Ethereum have rocked the world, you need to prepare yourself for what will happen next.

This new breakthrough is set to be larger than the two combined. This will change the lives of millions of people everywhere in the world and enter an untapped market, each worth over $ 11 trillion annually.

To understand how, let's first get some perspective ...


When Bitcoin arrived in 2009, he changed how people transact online. It makes online transactions safer, faster and more efficient; millions of people around the world are beginning to use and invest in it.Today the combined market value of all digital currencies is over $ 400 billion ... and some experts predict that Bitcoin alone could reach $ 1 trillion by the end of this year.

But why did this revolution happen in the first place?
This is primarily because of technology at the bottom of everything, a breakthrough called "blockchain".

Blockchain, the fundamental technology underlying Bitcoin, eliminates the need for trust because it makes all transactions transparent, decentralized and secure. It has completely revolutionized online commerce.

People can now transact without knowing each other in "no trust" transactions. There is no need for a trusted third party to resolve the dispute. People can send money from one person to another without a bank sitting in between, taking charge.

And then there's a bigger breakthrough ...

In 2013, there was another breakthrough ...
A new blockchain platform called "Ethereal" was developed. It introduces Turing-complete programming language into blockchain and opens up a new world of possibilities.

To understand how it works, think of Bitcoin as a Calculator app on your phone, and Ethereum as your phone's operating system that lets you have lots of apps with lots of features. One of the key features built into Ethereum functionality is called "smart contracts" a transaction protocol that essentially closes payments and executes an agreement to the same thing.

Instead of contracts written on a piece of paper and signed in black ink, Ethereal's world allows them to be written in computer code and executed when certain conditions are met. For example, imagine if you want to place a bet of $ 20 then a particular sports team will win the game. You can write a smart contract, and when the game is over, it checks his score and automatically sends $ 20 worth of Eher from the loser to the winner.

Because smart contracts run on the decentralized Ethereal client node, you no longer have to rely on a third party, like a sports book service, to facilitate this type of transaction. As a result, intermediaries, and their costs, are eliminated.

The best part is that this is just the beginning.
Ethereum developers can also create their own applications that do not rely on third party authority. This is why they are called decentralized apps or "DApPS".

They run a specially constructed blockchain, a powerful shared global infrastructure that can move the value around and represent ownership of the property. All without risk of downtime, censorship, fraud or third-party intrusions.

However, Ethereum has one major disadvantage. Because their smart contracts require a centralized third party for verification, it makes them vulnerable to hackers.

Take for example sports betting. In the world of Ethereum, the source in which the smart contract gets a game score (ie a sports site that includes a game score) is called "prophecy". A hacker or even an insider employee can infiltrate into oracle (eg like ESPN.com), where the contract checks the score, and changes the score that benefits them. There is not much to worry about when the stakes are $ 20. However, this is a critical point of failure when you consider several transactions as high as $ 200,000 or more.

To get around this, some "prophecies" are used to construct the so-called "consensus"; meaning smart contracts should be checked with some prophecies and they should all agree on a game score, for example. Thus, the contract is only executed when there is consensus and all third parties show the same score.

Since the appearance of Etereum, there has been a rapid growth and creation of DApps and the technologies associated with cryptocurrency.They have revolutionized how people transact online - a market worth $ 11 trillion annually.

Even at this early stage, blockchain technology has had a major impact on the world. However, after seeing how they changed the online world, the next natural question is ...

What if blockchain technology can be bridged with the real world?
Bitcoin technology and blockchain are limited to the internet. Any new blockchain technology, cryptocurrency, or new "token", which is an economic tool used to align the underlying platform economy, focuses on online apps instead of offline ones.

Though the offline world, the world market is actually still the largest. It's worth more than $ 400 trillion annually. Since 2012, we have developed location-based technology that aims to connect the digital world to the real world.Over the past few years, XY has developed an important technology to bring blockchain to the offline world, to make it programmable and accessible to smart contracts.

To make this possible, we have to overcome two very difficult tasks: First, we've created a consumer-based consumer products business focused on getting Bluetooth tracking and GPS tracking beacons around the world. And second, we have developed groundbreaking research in blockchain technology that focuses on location so it is no longer limited to the online world.

After years of research and innovation, we have completed both.
XY has been a leader in findable technology with Bluetooth and GPS tracking devices that allow consumers every day to track real-world stuff in real-time, right from their smartphones.

XY now has more than 1 million location beacon devices circulating in the world. In just a few years, we've created the world's largest network of Bluetooth & GPS devices.

Due to the progress we have made, we can track objects, from jewelry to cars, to their exact location in real-time.This is because everything in the world is defined by their XYZT coordinates; These things can not leave that space.

As people or objects travel along their T (time) coordinates, they interact with each other, creating what is called metadata. A simple example of this is two or more people in a meeting or conversation. Conversation is a recording of interaction. In the case of the XYO Network, we take this interaction as a signature time between these two parties - two people taking selfie, making two selfie copies, signing both, and each taking it. The resulting metadata is now also a permanent link between the two entities; This is the core protocol underlying the XYO Network platform and discussed in detail later.

But first, what does all this mean, because the XYO Network meeting on its location innovation combined with the development of blockchain, we can introduce one of the most exciting ideas in today's blockchain ...

For more information on the current XYO project, please follow some resources for the following References:

The bitcointalk name: Icaica22

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