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Review on XYO by Robert Warner
The decentralized project from XYO network seems to be interesting as there is…
The decentralized project from XYO network seems to be interesting as there is a huge demand among small, medium and large companies for location-based data. Also, the experienced team members and advisors for the project seem quite confident towards the success of the project. They have been making strong efforts for any person to be able to understand and participate. Also, the whitepaper explaining the project is hard to digest but i must admit I am very excited to see how far this project goes should be past the moon if you have done your research.
Pros
- Pros First is the potential for growth of the network for the single reson that it is built on more than 100,000 devices. Team members and advisors are highly dedicated and experienced. Solves the problem of location verification using smart contract protocols. There are a thousand uses, for example with a stolen car. Usiing there chip device all the data of the movement will be recorded on the blockchain with the time reference and no one can delete them. The XYO NETWORK Protocol can be implemented in any of the most popular blockchains, which gives the effect of the wave. This scaling will make any blockchain even more efficient.
Cons
- Cons Smart Contracts centers around the oracle using only one source of truth. For better centralization multiple should be utilized. No partners in there wheelhouse announced as of yet.
