Review on XYO by Robiul Islam
The geospatial cryptonetwork.
This is a very ambitious project. For example, in the study of an IOT based project like IOTA or IOTX, if you notice that the full concept behind this project is still developing. If there’s a project that knows how to communicate a vision in a way that is easy for the average investor to understand, XYO Network is way up there. Don’t jump into this it does not take place within 1-2 years. Think long term.
Updated 5 years ago
Rating has not been changed
XYO have new platform called Explore for tracking your data, viewing a world map of active nodes, and other features.
Explore has a simple user interface that showcases the info you need in one dashboard. With Explore, you can:
-Query your sentinels
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-View total bound witnesses (right at this moment there are 26,500,000+)
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-View how many bound witnesses are happening per minute
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-Look at a world map of XYO bound witness interactions.
Pros
- It’s an creative idea that could be useful to particular industry applications in the future. It’s an Internet of Things project aiming for big altitude. The Team behind XYO Network is seriously captivating and is where the project has the most potency. Traceability and origin verification products will be some of the first adopted in the crypto blockchain space. I've seen various projects in this space partner with big names. XYO Network takes the traceability idea a bit further by providing a sort of GPS like network designed to allow for real time tracking of products/objects at the request of a client/user. The idea behind having Oracles provide real, accurate information is one that has gotten a lot of attention over the past year. With Smart Contracts being reliant on accurate information being fed to them in order for the execution of an action, it’s important for the information source to be secure and tamper proof.
Cons
- There are so numerous industries in order to disrupt the XYO network in such a way that it may seem too much at times. They are covering a number of bases while another team is standing on them. If future long period investors will be remunerated in the future, but they must understand that these solutions will raise as time progresses and the project will be compatible according to the changing needs of the different industries that are targeted.
