XYO Network XYO live coin price, charts, markets & liquidity
Bridge nodes detect, confirm and attach signatures to bound witness interactions between Sentinal nodes, sending signed interactions to Archivist nodes. Archivists store and encrypt this data, which may be accessed by Diviner nodes to serve user queries for location event data. XYO is a decentralized ecosystem focused on data sovereignty and incentivizing data collection and validation. It combines consumer software, developer tools, a decentralized network, and digital assets, all built around the XYO token. This data is used for various applications, including AI, metaverse, and data analytics.
- Accurate location data can provide powerful evidence for claim verification, streamlining the process and reducing fraudulent claims.
- The maximum supply of XYO tokens is 14 billion, with the current supply being 13,476,747,692 XYO.
- XYO is an ERC-20 (Ethereum Blockchain) utility token that comes with several useful functionalities within the XYO ecosystem.
- Its aggregation and analytics capabilitiesextend across diverse domains, empowering organizations to derive meaningful insights from complex datasets for informed decision-making.
- With XYO, businesses can target advertisements to specific locations and demographics accurately.
- XYO mining works similarly to mining cryptocurrency, but instead of performing calculations for transactions, mining equipment performs bound witnesses.
Potential use cases for XYO include enabling decentralized data for AI, metaverse applications, and data analytics, helping organizations derive insights from complex datasets for decision-making. It can also inform urban planning, environmental monitoring, and localized human mobilization.XYO was created by XY Labs, Inc., and was introduced in January 2018 by co-founders Arie Trouw and Markus Levin. The XYO token was launched in March 2018, and the ecosystem expanded in 2022 to handle a broader range of data types. Changelly offers an interactive chart that reflects the live XYO-USD price with real-time updates and ultimate XYO price market statistics.
Who created XYO?
Our XYO forecast will provide you with valuable insights to make an informed decision about buying XYO coins. XYO can assist in tracking medical equipment, ensuring it is in the right place at the right time. Additionally, accurate location data can help optimize the routing of emergency services, improving response times and patient care. With XYO tokens, individuals and businesses gain access to various possibilities. Developers can leverage XYO Tokens to build geodapps (geo-based decentralized applications) that integrate with the XYO Network. Alternatively, individuals can participate in electronic exchanges to sell or trade XYO tokens.
- The accuracy score, called the Origin Chain Score, is determined through a set of zero-knowledge proofs known as a Proof of Origin Chain.
- The XYO Network operates on a native cryptocurrency called “XYO Token.” Users can earn the XYO cryptocurrency by contributing to the creation of verified heuristic ledgers.
- At its core, the network focuses on gathering accurate and reliable location data, encompassing latitude, longitude, elevation, weather, temperature, and more.
Popular Tokens on the Ethereum Chain
We provide access to the latest data of the XYO coin performance, including its current market cap (market capitalization), 24 hour trading volume, and recent price change. It is a decentralized network consisting of smartphones, computers, smart-home appliances, and others. These devices use a cryptographic protocol to observe and store data from xy oracle price the physical world.
See how the value of the XYO Network coin has changed over the recent 24 hours. Access the current market cap (market capitalization) and trading volume of the XYO digital asset. In February of 2022, XYO announced an expansion of its original concept, becoming capable of aggregating and analyzing a wide and flexible range of heuristic and digital data. No longer focusing exclusively on location and geospatial data allowed XYO to expand into broader Web3 markets. The XYO Network is maintained by the XYO Foundation , a nonprofit organization to facilitate education, research and continued development of the XYO protocol. The XYO Foundation helps to develop partnerships for the XYO blockchain, including ones with major companies, such as FedEx, Chainlink, Microsoft, and Cisco.
The XYO Network is a decentralized network of location-tracking devices that allows developers to access geospatial data. As a result, the XYO Network has multiple applications, such as asset tracking, navigation, and geofencing. It is built on the Ethereum blockchain and used to pay transaction fees on the network. In order to create new blocks, the XYO Network utilizes the proof-of-work system, and active users are rewarded with XYO tokens. The XYO Network is an innovative solution for geospatial data, and its potential applications are only limited by imagination. The native token of the oracle network established strong support levels while breaking key resistance on higher-than-average trading volume.
Bridges serve as connectors between Sentinels and other components of the XYO Network. They facilitate the transmission of location data from Sentinels to Archivists. Without Bridges, the recorded data in Sentinel ledgers would not be effectively integrated into the network. Bridges play a vital role in maintaining the integrity of the transmitted data, ensuring that the heuristic ledgers received by Archivists remain unaltered. XYO can assist in creating smart cities by collecting and analyzing location data.