Showing posts with label XYO Network. Show all posts
Showing posts with label XYO Network. Show all posts

Monday, 16 April 2018

XYO Network - First Crypto-location Oracle network Has Arrived

Loran is short for Long Range Navigation (Navigation Remote). Loran-C is a hyperbola navigation system or electronics navigation system with ground-based radio transmitters. This technology which later became the concept of Global Positioning System (GPS). The United States is the originator and initiator of GPS. Basically, the shape of a GPS technology system is similar to a central base radio navigation system, such as LORAN and Decca Navigator developed in the 1940s and used during World War II. The inspiration of making the GPS system actually came from the Soviet Union which at that time, in 1957, launched their first satellite, Sputnik. A team of US scientists led by Dr. Richard B. Kershner then monitored Sputnik radio transmissions. They found that the Doppler Effect had an effect on radio transmissions, where the Sputnik transmitted frequency signal was very high when it was launched and lowered as the satellite moved away from the earth. They realized that by knowing their precise location of longitude on the world map, they were able to track the satellite positions orbiting based on the Doppler Effect deviation benchmark. Transit, the first satellite navigation system used by the US Navy successfully tested the first time in 1960. Systems that use a collection of five satellites is able to determine the position once every hour. In 1967, the US Navy developed a Timation satellite that proved its ability by setting accurate time in space, a reference technology of GPS systems. In the 1970s, the central Omega Navigation System base, based on phase signal comparison, became the first radio navigation system covering the entire world.

GPS or Global Positioning System is a technology system that will help the position of our existence. When likened to, GPS is the development of a map of the location that is manifested in the form of technology that uses satellites. GPS works by transmitting signals from satellites to GPS devices (pure GPS portable, or smartphones that already have GPS features). GPS requires transmission from 3 satellites to obtain two-dimensional information (latitude and longitude), and 4 satellites for three dimensions (latitude, longitude and altitude). With GPS we can know the location, the length of the trip to be traveled, how much fuel the vehicle will need to travel, and various other benefits.

Unfortunately, GPS has several disadvantages:

1. The use of GPS to locate positions that rely on at least three satellites is not always accurate.
2. Sometimes, it takes one satellite to correct the received signal. The inaccuracies of the position shown
3. The GPS is affected by the position of the changed satellite and the delayed signal process. The speed of this GPS signal is also often changed because it is influenced by the existing atmospheric conditions. In addition, GPS signals also easily berinteferensi with other electromagnetic waves.

With the weakness of the GPS actually still need further development to find a more accurate position. Because GPS technology has been in use in some real devices even until there is applied to the car.


With today's technological developments such as secure and decentralized blockchain-based smart contracting systems it is possible to apply to a more accurate navigation or proof location system than GPS. Because blockchain has an irreversible data structure it can only be added. Each data from this blockchain is connected where if there is a change in one of the data block it will affect the next data. One of the projects that developed the implementation of blockchain on navigation and or proof location is XYO Network.

XYO Network

We propose an trustless network of cryptographic locations using a new formulation that relies on a zero-knowledge proof chain to establish high levels of data certainty on location information. The XYO Network (XY Oracle Network) is an abstraction that enables coating, verifying locations across multiple device classes and protocols. In essence it sits a set of new cryptographic mechanisms known as the Origin & Bound Witness that binds the power of blockchain technology and real-world data collection into systems with today's live apps. The purpose of the XYO Network is to create an trustless and decentralized oracle system that is resistant to attack and produces the highest certainty when asked about available data. We achieve this through a series of abstractions that greatly reduce the risk of location spoofing through a zero-knowledge proof chain along the system components. To find out more about the advantages of XYO Network please read this whitepaper.

With the many advantages possessed by XYO Network I am very sure this project can be applied in the real world to rival GPS technology. Impossible applications by XYO Network include eCommerce, Medical Care and Hospitals, Rental Car Agencies, Commercial Airline Luggage Logistics, Insurance Agencies, National Security (TSA) Agencies, Drone Package Delivery Systems and many more.

As an example of the use of XYO Network after its network is successful and widely used by people in different countries is if you are looking for a location that is inland or not located in the city center, it will take longer time especially if at night when local people are asleep. Now the fear of searching for a location that has never been addressed before can be minimized with the advanced features of XYO Network that is more accurate than GPS. In addition, if you have a business run you can share about your business such as your business type, business name and something more specific so that the right target and transact using XYO Token Economy.

XYO Token Economy

Oracles stand as a significant portion of the power and infrastructure needs for decentralized applications, with most of the focus revolving around the connectivity and aggregation of authoritative oracles. We believe that the need for a fully decentralized and trustless system of oracles is needed for decentralized applications to reach their maximum potential.

XYO Token Specifications

The public token sale has a tiered pricing structure that starts at 1 ETH: 100,000 XYO and maxes out at 1 ETH: 33,333 XYO. Details regarding our volume and time based pricing structure will be announced soon.

  • Smart contract platform: Ethereum
  • Contract Type: ERC20
  • Token: XYO
  • Token Name: XYO Network Utility Token
  • Token Address: 0x55296f69f40ea6d20e478533c15a6b08b654e758
  • Total issuance: Finite and capped at the amount reached after the Token Main Sale
  • Projected XYO Token Cap: $48 Million
  • Unsold and Unallocated tokens: Burned after the token sale event. No further XYO tokens will be generated after the Main Sale ends.


For more information about Lunes, you can visit links below:

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