XYO Network

by XY

(0)
View Profile

IPFS

by

(0)
View Profile

QuarkChain

by QuarkChain

(0)
View Profile

XYO Network

by XY

(0)
View Profile

IPFS

by

(0)
View Profile

QuarkChain

by QuarkChain

(0)
View Profile

What problem does this service solve?

The XYO Network will allow smart contracts and DApps to use location verification services.IPFS is a decentralized alternative to HTTP that can be used to make recording blockchain transactions more efficient.QuarkChain hopes to create a more scalable blockchain platform that will have faster transaction times.

Token Stats

Company Description

The XY Oracle Network is a blockchan-based location verification service. It is designed to be compatible with many devices and across different smart contract protocols. XYO uses innovative cryptographic techniques to combine real-world data with a blockchain-based system that can be used by DApps. The XYO Network was developed by a San Diego based company called XY, that makes GPS and Bluetooth devices. The company is building the network's infrastructure that will consist of location-verifying beacons that will enable smart contracts to incorporate location data. The network is powered by the Ethereum-based XYO token.

The Interplanetary File System (IPFS) is a decentralized network protocol for sharing hypermedia in a distributed file system. IPFS can be used to link blockchain transactions This effectively timestamps and secures the content, without having to put the data on the chain itself. Filecoin, an IPFS-based decentralized storage cloud, is closely related with the IPFS protocol, and provides the incentive system.

QuarkChain is building a blockchain with a focus on speed and scalability. They hope to significantly improve transaction times and reduce fees with an architecture that will rely on a two-layered blockchain and elastic sharding. QuarkChain uses a hybrid Proof-of-Work (PoW) consensus mechanism that is ASIC-resistant. Transactions are first confirmed on one blockchain layer, and then on the second. The network will be powered by the QKC coin.

Ratings

(0)

(0)

(0)