Whitepapers XYO White Paper Explained Summary

XYO White Paper Explained Summary

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XYO White Paper

Summary:

– XYO is a trustless, cryptographic location Network that uses a chain of zero-knowledge proofs to establish a high degree of data certainty on location information.
– the XYO Network is an abstraction that enables layered, location verification across many device classes and protocols.
– the Proof of origin & Bound Witness mechanisms are novel cryptographic mechanisms that tie together the power of blockchain technology and real world data collection into a system with direct applications today.

Explained – XYO White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the XYO white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. XYO (XYO).

Lets understand XYO (XYO) after going through the XYO white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

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XYO White Paper

XYO white paper will be going to provide you, all the information that is needed to get started with XYO (XYO), including the inspiration for creating, the problem it is trying to solve and the solution proposed by XYO (XYO).

Abstract

With the growing presence of connected, location-reliant technologies, our privacy and safety rely heavily on the accuracy and validity of location information. Various attempts have been made to eliminate the need for centralized entities controlling the flow of location data, but every attempt has relied on the integrity of the devices collecting this data in the physical world.

We propose a trustless, cryptographic location network using a novel formulation reliant on a chain of zero-knowledge proofs to establish a high degree of data certainty on location information. The XYO Network (XY Oracle Network) is an abstraction that enables layered, location verification across many device classes and protocols. At its core sits a set of novel cryptographic mechanisms known as Proof of Origin & Bound Witness that tie together the power of blockchain technology and real world data collection into a system with direct applications today.

White Paper Link: XYO (XYO) White Paper

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