Decentralized Geospatial Network XYO Adds ProBit Exchange to its Global Base

Decentralized Geospatial Network XYO Adds ProBit Exchange to its Global Base
фото показано с : zycrypto.com

2021-5-18 12:01

P2P location-based data network XYO debuted on ProBit Global on May 17 to expand its wide scope of sentinel devices across Asia. The beacon-based cryptographic protocol has already established over 1M devices for accurate item tracking fueled by proof of origin and a decentralized ledger for pinpoint time and location accuracy.

While oracles are commonly used throughout blockchain platforms to efficiently fetch off-chain data, they can often be hampered by key issues such as utilizing a single or aggregated oracle network for settling smart contracts.

To resolve this potential single point of failure, the XYO Network combines the strengths of blockchain and real-world data collection through a beacon-based network of nodes that incorporate cryptographic concepts including Proof of Origin and Bound Witness. The ability to create a fully transparent, verifiable tracking history has wide use cases in industries including pharmaceuticals, airlines, and rental cars. 

The world’s first proprietary oracle protocol enables verified, real-world connections between 2 parties without the need for a restrictive third-party platform or bridge, a massive boon for app developers that can rely on the protocol’s trustless location verification through Bluetooth and GPS devices for physical, real-time tracking. 

To overcome the potentially faulty feeds of off-chain oracles reporting specific location data, XYO’s fully trustless oracle protocol benefits from a vast network of devices that are incentivized to generate a wide hub of geospatial location verification. 

Sentinels play a key role as the first point of contact as the baseline node that observes and vouches for the most accurate data heuristics by creating a ledger and providing a certifiable Proof of Origin before transmitting over to bridges. Once bridges relay these ledgers to be immutably stored by archivists, diviners conduct data analysis to propose a block to be validated on the XYOMainChain.

Successfully resolved queries result in the distribution of XYO rewards to all components of the network and as XYO essentially acts as gas fees on the Ethereum network, macro transactions can be prioritized accordingly. 

XYO holders can trade location data on the XYO Network as well as stake real-world locations and earn XYO through features including geo-mining by serving as beacons for the real-time verification of geospatial location data. 

ABOUT PROBIT GLOBAL

ProBit Global is a Top 20 crypto exchange worldwide servicing crypto enthusiasts with unlimited access to trade and buy Bitcoin, Ethereum and 600+ altcoins in 1000+ markets.

ABOUT XYO NETWORK

The XYO Foundation offers resources to educate individuals, developers, and enterprises who are excited about the possibilities of a location-based data network built on shared incentives.

https://xyo.network/

Why Get PROB this May?

Instant event access to ProBit Exclusive Manic NFT MAYhem!Join ProBit Cup with 20,000 USDT in prizes!Move up to at least VIP 2 and get bonus PROB tokens.Receive free Netflix subscription in USDT just by moving to VIP 3 or above.Be eligible for Trading Competitions just by staking PROB.Get higher IEO bonuses with PROB purchases.Lower trading fees to 0.03% by paying with PROB.Stake PROB and earn PROB at a rate of 4% per annum.Earn 10-30% of trading fees by referring friends to ProBit.PROB Reserves improve the ProBit Global ecosystem and provide maximum value for PROB holders.

PROBIT GLOBAL IS A BRAND TRUSTED BY MILLIONS OF USERS 

100,000+ community members
800,000+ monthly active users

3,000,000 monthly web visitors

50,000,000 users on partnering aggregators and wallets such as CoinMarketCap

User interface of Multilingual website supporting 41 different languages

Marketing and community support in 8 key languages

Join our active programs and get huge benefits!

1. Trading Fee Discount: Buy PROB, pay trading fees with PROB & get as low as 0.03% trading fee

2. Stake Mining: Stake PROB and earn PROB at a rate of 4% per annum 

3. Referral Program: Earn 10-30% of trading fees for referring friends to ProBit

4. ProBit Exclusive: Subscribe to 50% off Top 200 tokens 

5. Auto Hold Campaigns: Hold tokens and get 6% annualized returns

ProBit Global: www.probit.com

ProBit Telegram: https://t.me/ProbitEnglish

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Santiment Network Token (SAN) на Currencies.ru

$ 0.0865709 (-0.22%)
Объем 24H $210
Изменеия 24h: 9.95 %, 7d: 19.49 %
Cегодня L: $0.0865709 - H: $0.0865709
Капитализация $0 Rank 5672
Цена в час новости $ 0.1272 (-31.94%)

global devices decentralized probit xyo network fueled

global devices → Результатов: 59


Фото:

JCB and Keychain create blockchain-based micropayment solution for IoT

CryptoNinjas » JCB and Keychain create blockchain-based micropayment solution for IoT JCB, a global payment brand and a credit card issuer and acquirer based in Japan, and Keychain, a technology provider building managed trust solutions for blockchain assets, today announced they have developed a novel infrastructure for processing credit-based micropayments between IoT devices.

2021-2-13 20:02


Фото:

Bitcoin Miners Strain Under Semiconductor Supply Crunch, Second-Hand Mining Rig Prices Soar

Bitcoin mining rig manufacturers are dealing with a semiconductor supply crunch according to regional reports stemming from China. There’s been a global semiconductor supply shortage and it’s affecting nearly every type of business in the supply chain that manufactures cars, PCs, laptops, smartphones, and cryptocurrency mining devices.

2021-1-30 03:30


Фото:

Elrond Announces Wallet and Global Payments App Launch on 31st January 2021

Elrond Network has set the global launch date for the digital wallet and global payments app Maiar to be on 31 January 2021. 4th December 2020, St Julian’s, Malta – Maiar, the digital wallet app for iOS and Android devices, provides financial services such as payments, investments, and passive earning. The application does not require […]

2020-12-5 00:20


GCA CALLs Blockchain making Smart Locks genius, IoT with ERC777

GCA’s mission is to develop products and services that will facilitate usability with a strong focus on security and provide engaging education to boost user confidence in blockchain technology. The Global Crypto Alliance, alongside its pillars GCNews, GCSecurity, and soon GCAcademy, successfully proved its concept of a new way to control IoT devices. GCSecurity developers […]

2020-2-20 12:56


Pawtocol ICO

Pawtocol is a global online community of pet lovers who are disrupting the pet industry by leveraging blockchain technology while monetizing data about their pets. Pawtocol helps pet owners collect and manage data about their pets collected from several different sources including IOT devices, vets and more.

2019-12-28 14:05


Police seize over $600K in cash, Bitcoin, and Monero in worldwide dark web drug bust

Police have busted two prolific dark web drug markets in a global sting, seizing six-figure amounts of Bitcoin and Monero cryptocurrency, as well as loads of narcotics. “[The Wall Street Market] was the world’s second largest dark web market, enabling the trade in drugs (including cocaine, heroin, cannabis and amphetamines), stolen data, fake documents and malicious software,” said Europol.

2019-5-3 16:21


BitWings ICO

BitWings token, a native currency of Wings Mobile ecosystem, has 100% guaranteed issuing value and is the only means to pre-order the first (40 000) ultra-secure blockchain smartphones in the world able to generate up to 2 ETH a month without any power consumption, powered with neural technology.

2019-2-21 20:03


Фото:

An Australian Blockchain Experiment: Tracking Global Almond Shipments

Following a successful 2016 trial of blockchain technology in an interbank open account transaction, the Commonwealth Bank of Australia (CBA) has partnered with five international and Australian companies to ship 17 tonnes of almonds from Melbourne, Australia, to Hamburg, Germany, using a new distributed ledger platform built on the Ethereum blockchain.

2018-7-31 23:13