The world is becoming increasingly dependent on location data. Self-driving vehicles, unmanned aerial vehicles, and smart cities will still need location data. There is also a need for a decentralized system capable of receiving location data from an array of different location tracking devices.
XYO Network considers itself a solution to this problem. It facilitates location-based credentials using an ecosystem of cryptographic technologies and protocols. In 2018, the XYO coin showed 300 times raise. So what is the future of the project and XYO cryptocurrency itself? The answer is in new XYO price predictions for 2020-2025.
XYO Fundamental Value
The XYO network aims to take advantage of location-based beacons that already exist around the world. XYO Network wants to use this network to decentralize location-oriented services. In other words, you can sell location data online to support various services that rely on location data.
Everything in the world is determined by their XYZT coordinates. Physical objects cannot leave this space. Everything from jewellery to cars can be tracked using XYZT coordinates.
The “T” coordinate refers to time. When people travel along their T coordinate, they interact with each other, creating so-called metadata. For example, two people can have a conversation. The conversation is a record of this interaction.
A conversation is a record of the interaction. In the case of the XYO network, we accept this interaction as a temporary signature between the two parties (two people). The generated metadata is now also a permanent link between two objects. The end result is a decentralized cryptographic location network.
Users can interact with the XYO network in several ways, including through smart contracts. Users can use smart contracts to determine if an object is in a specific XY coordinate. If it is in this coordinate, then the smart contract can perform certain functions based on this information.
One of the proposed use cases is an e-commerce company that offers payment on delivery to certain premium customers. To offer this service, an e-commerce company must use the XYO network to write a smart contract. The network will track the location of the package throughout the supply chain – from the warehouse shelf to the courier-delivery, get to the consumer’s house and each place between them.
This can enable retailers and e-commerce websites to confidently verify that the package has not only appeared on the doorstep of the customer but is also safely located inside the customer’s home.
As soon as the package is safely inside the client’s house, the payment will be released. Thanks to this system, customers can pay for goods only after they receive these goods. And e-commerce services can provide this service without compromising security.
The XYO network emphasizes all of the following features:
- Decentralized: Verification does not involve large, paid corporations or institutions. The network runs on a fully transparent and autonomous system. The system is free to use (open source) and has no entry barriers (for fair competition).
- Reliable: Power and trust are distributed among the participants in the XYO network. He is not concentrated in any centralized organization.
- Identificational: Location data is shared anonymously to protect the privacy and security of members on the network.
- Proof of Origin: Proof of origin is the key to validating that the books are on the XYO network. It is based on the concept of Bound Witness. It also uses a transitional keychain to make it impossible to falsify the coordinate chain for data. All oracles are verified using the “Target Amount of Origin”.
- Associated Witness: Bound Witness allows you to create Origin chains for use in determining evidence of origin while maintaining a reliable, zero evidence system of knowledge. The network ensures that the nodes are next to each other, verifying that the node has provided accurate location data.
- Several participants: There will be several participants on the XYO network, including Sentinels (location witnesses who watch the data and vouch for the accuracy of the data), Diviners (those who answer the asked question, answering historical data stored by archivists), archivists (those who store information about location from Bridges in a decentralized form for providing data) and Bridges (location data transcriptors that reliably relay heuristic registers). All of these members can be considered XYO miners.
XYO tokens are used to stimulate desired online behaviour. They can be considered as the “gas” necessary for interaction with the real world in order to check the XY-coordinates of a particular object.
|Network type||Ethereum Blockchain|
XYO Price History
XYO token all-time high price was fixed during the sale in May 2018, and it was $0.007900. The coin has never crossed the threshold of this value. The price was above average in December 2018. Then the cryptocurrency announced a lot of listings and collaboration. For instance, the coin was supported by Lumi Wallet.
Now the price of one coin is $0.000271. The current market cap is $2,251,894 USD.
XYO (XYO) Price Predictions for 2020-2025
The price of one XYO coin depends on the mass adoption of the currency. If the company signs the partnerships, the price will grow. Now let’s look at the XYO price predictions by several sources.
#1. WalletInvestor XYO Price Prediction for 2020-2025
According to our Forecast System, XYO is a bad long-term (1-year) investment. The price of XYO Network may drop from 0.000214 USD to 0.000010 USD. The change will be -95.424%. According to present data XYO Network (XYO) and potentially its market environment has been in the bearish cycle last 12 months. Since this virtual currency has a negative outlook WI recommends looking for other projects instead to build a portfolio. The estimated price in 2025 is $0.00171.
#2. CoinPredictor XYO Price Forecast for 2020
According to the source, at the beginning of 2020, the XYO price will drop to $0.000001.
#3. DigitalCoinPrice XYO Price Prediction for 2020-2025
XYO (XYO) price will increase. XYO (XYO) is a profitable investment based on forecasting. The price of 1 XYO (XYO) can roughly be up to $0.00042281 USD in 1 year time a 2X nearly from the current XYO price. In 2025, the price of one XYO token will be around $0.00083003.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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