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XYO Network is a decentralized blockchain protocol designed to enable precise location data for applications requiring trustless and verifiable geospatial information. Operating on the Ethereum blockchain, XYO leverages a unique combination of hardware devices, data chains, and cryptographic proofs to create a robust ecosystem for real-world data validation. At the heart of XYO is the concept of a "", which ensures that location data shared across the network is both accurate and immutable. This system empowers developers to create smart contracts that interact with real-world locations, opening possibilities for innovative use cases such as supply chain tracking, asset management, and location-based services.
XYO’s architecture consists of four main components: Sentinels, Bridges, Archivists, and Diviners. Sentinels are IoT devices that collect location data and verify its accuracy, Over protocol while Bridges relay this data to Archivists for storage. Diviners use this information to resolve queries by providing insights derived from the verified geospatial data. Together, these components form a trustless ecosystem that incentivizes participants with the XYO token, ensuring transparency and reliability. By combining blockchain technology with geospatial innovation, XYO aims to redefine the way location-based data is utilized, offering unparalleled potential for businesses and developers to integrate location intelligence into their workflows
Also read: SKIM Airdrop | Memecoin projectXYO திட்டம் வகை | Blockchain |
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