What is the XYO Network and How Does Its Location Technology Work?

Learn what the XYO Network is, how its decentralized location technology works, and why the DePIN network is important to The future of Web3, AI, and real-world asset tracking.

What is XYO Network?

XYO Network is a pioneer in the Decentralized Physical Infrastructure Network (DePIN) category, focusing on decentralized location data collection and verification.

With over 10 million active nodes from a variety of devices, from smartphones to specialized sensors, XYO provides a geospatial data infrastructure that can be usedused in both Web3 and Web2.

The ultimate goal is simple yet ambitious: to make location data trustless, secure, and free from manipulation, and usable for AI, asset tracking, location-based gaming, and even oracle systems in smart contracts.

Read Also:Definition and Differences between Web1 and Web2

How XYO Location Technology Works

The XYO Network's core technology relies on two key components: Proof of Origin and Proof of Location. Both are used to validate the authenticity, time, and existence of an object or event without the intervention of a central entity.

1. Proof of Origin

Proof of Origin verifies that data sent by a node actually originates from a specific device. This prevents location data forgery or node identity manipulation.

2. Proof of Location

Proof of Location ensures that a node is actually at its claimed location at a specific time. This proof is obtained when two or more nodes engage in cryptographic interaction, witnessing each other's locations.

With this mechanism, XYO doesn't need to rely on a central server like traditional GPS, making the network more secure, difficult to hack, and more transparent.

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XYO Ecosystem and Its Uses

The XYO ecosystem is growing rapidly with the support of millions of users contributing through the COIN app. Its main components are:

1. COIN App and Geomining

The COIN app serves as the primary gateway for users to run nodes. Through a process called geomining, users collect geospatial data as they move or interact with their surroundings. In return, users earn XYO tokens based on their data contributions.

2. Integration with Blockchain and AI

Validated location data can be used to:

• Physical asset tracking (RWA Tracking)
• Location-based gaming like a digital treasure hunt
• Oracle for smart contracts
• AI models that require real-world data
• Verify the movement of vehicles, logistics goods, or IoT devices

XYO has also partnered and integrated with major projects like Chainlink, which extends its location oracle functionality to other blockchain ecosystems.

3. Blockchain XYO Layer One

XYO just launchedblockchain Layer 1specifically designed to process large amounts of geospatial data. This makes stored location data more secure, faster, and easily accessible to other ecosystems.

4. Token XYO

The XYO token is a utility token within the network. Some of its key functions include:

• Payment for services in the ecosystem
• Governance
• Rewards for nodes through geomining
• Data validation contribution

The circulating supply of XYO tokens is around 13.65 billion tokens, making it one of the DePIN tokens with the largest community.

Read Also:METAon Token: A Web3 Innovation That's Starting to Attract Investors

Why is XYO Important for the Future?

In an increasingly connected digital world, the need for accurate, verified, and unmanipulated location data is becoming increasingly important.

Business models such as automated logistics, autonomous vehicles, industrial robots, and AR/VR applications require trustless geospatial data.

XYO provides a solution for thatby integrating blockchain, cryptography, and global community contributions without a single owner entity. This is why this network is considered a crucial pillar in the evolution of DePIN.

Read Also:Crypto Gaming Tokens Drop Out of the Top 100

Come on, register for Bittime before it ends

If you are interested in starting to collect or invest in XYO tokens, the best step is to do so.register first at Bittime, one of the local crypto platforms that's easy to use and secure. Registration is quick, verification is easy, and you can start buying or holding XYO tokens right away.

Conclusion

XYO Network is a location-based DePIN network that leverages millions of nodes to collect and verify geospatial data in a decentralized manner.

With the support of Proof of Location technology and Layer 1 blockchain, XYO provides solutions for various industries such as gaming, logistics, smart contract oracles, and AI.

Through the COIN app, anyone can participate and earn XYO tokens in return. With its scalability and growing ecosystem, XYO has the potential to become key infrastructure for the future of Web3 and real-world data.

FAQ

What is XYO Network?

XYO is a DePIN network that verifies location data in a decentralized manner through millions of nodes worldwide.

How to get XYO tokens?

You can get it through geomining in the COIN app or buy it through platforms like Bittime.

What is Proof of Location?

Proof of Location is a mechanism that verifies that a node is actually located at a specific location without the need for a central server.

INWhat is the XYO token used for?

XYO tokens are used for utility, governance, service payments, and rewards for nodes that contribute data.

Can XYO be used in AI?

Yes. XYO's encrypted location data is invaluable as a real-world data source for AI and machine learning models.