XYO Network is a blockchain-based Network of Internet of Things prognostic machines for the execution of smart contracts through location confirmation. XYO allows developers of smart contracts and blockchain systems to interact with the physical world like apis.
Sentry is a physical or sentry device that collects location information in XYO. When two sentinels approach each other, they will signal their exact location. This interaction is called bound witness and is a proof of the sentry's position, so the sentry is also called position witness. Sentinels observe data heuristics and verify their accuracy by generating a ledger. Sentinels is working with a relay chain from original proof to encrypted proof. When the information provided by the sentry meets the network's standards and is accepted as an answer; The sentinel will then be rewarded with XYO tokens.
The bridge acts as an interconnect between the sentry and the archivist. It takes information from the sentry and provides it to the archivist. It is a node that searches for witness interactions. The bridge node can be operated from a bridge device or a smartphone. The bridge can transmit the same details without any changes simply by adding a certificate of origin. When the message is transmitted, a bridge is used to answer queries, and they will then be incentivized using XYO's native tokens.
The archivist records all confirmed witness interactions. It collects data from the bridge and stores it in a decentralized form. Archivists also keep ledgers; Therefore, they can easily return a string of ledger data if needed. Archivists' storage is free, and archivists are motivated only when the stored raw information is used to answer queries. Archivists are interconnected, so if one archivists can't answer a particular question, it will ask another.
The archivists in the middle are called hybrid. When data is transferred from one archivist to another, additional proof of origin is added, and all archivists who participate in the transfer are rewarded.
Diviners act as diviners and upload these data to smart contracts. Fortunetellers collect information transmitted from archivists, analyze it and provide accuracy scores to generate them as answers. Therefore, they are considered the most important part of the network. Diviners try to find out from archivists the exact answers to queries posed in smart contracts. The answer with the highest accuracy score will be selected as the answer uploaded back to the smart contract. Queries in smart contracts are prioritized based on rewards. The higher the reward, the faster the system will process the query.
In the future, with the development of physical network, XYO has certain application scenarios in many fields. By integrating with the XYO network, for example, e-commerce companies can track their shipments at each stage using a separate distributed ledger.
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