XYO is a unique digital asset that operates on the Ethereum platform. It aims to establish a trustless, cryptographic location network that leverages blockchain technology and real-world data collection. The XYO Network, also known as the XY Oracle Network, is designed to enable layered location verification across various device classes and protocols. At its core, it utilizes novel cryptographic mechanisms known as Proof of Origin & Bound Witness. These mechanisms strive to establish a high degree of data certainty on location information, eliminating the need for centralized entities controlling the flow of location data.

The XYO Network operates through a set of abstractions that aim to reduce the risk of location spoofing through a chain of zero-knowledge proofs. The network comprises four primary components: Sentinels, Bridges, Archivists, and Diviners. Sentinels gather location information, Bridges relay this data to Archivists, who then store this information for Diviners to analyze. Diviners analyze location heuristics from Archivists to generate answers to queries and assign accuracy scores to them. The accuracy score, named the Origin Chain Score, is determined through a set of zero-knowledge proofs known as a Proof of Origin Chain. This chain guarantees that two or more pieces of data originated from the same source without revealing any underlying information.

XYO aims to enable developers to interact with the physical world as if it were an API. It seeks to make location verification trustless, creating a protocol with novel use cases that have not been possible until today. For instance, XYO can be used to verify the location of a physical item without the need for a centralized third party. This could be particularly useful in scenarios where the location of an item is crucial, such as in supply chain management or asset tracking. Furthermore, XYO's Bluetooth and GPS devices allow everyday consumers to place physical tracking beacons on items they want to keep track of, such as keys, luggage, bikes, and even pets.

The concept of XYO was introduced in January 2018 by Arie Trouw, Markus Levin, and Scott Scheper. The team recognized the growing need for a trustless, decentralized location oracle due to the increasing presence of connected, location-reliant technologies. They proposed the XYO Network as a solution to this problem. Over the years, the XYO Network has grown significantly, with over 1,000,000 devices circulating worldwide. This growth has been facilitated by their consumer-facing business, which allows everyday consumers to use XYO's Bluetooth and GPS devices for tracking their belongings. The concept of provable location, which is central to XYO, has been around since the 1960s, but XYO has brought a novel approach to this concept by focusing on proving the origin of physical location signals.

XYO participates in the creation of decentralized and trustless location-based services by providing a cryptographic location network. This network aims to establish a high degree of data certainty on location information through a chain of zero-knowledge proofs. The XYO Oracle Network, an integral part of this system, enables layered location verification across various device classes and protocols. It uses novel cryptographic mechanisms known as Proof of Origin and Bound Witness to tie together blockchain technology and real-world data collection. This system seeks to reduce reliance on centralized entities controlling the flow of location data, with an intention to improve privacy and safety. XYO's network comprises four primary components: Sentinels (Data Gatherers), Bridges (Data Relayers), Archivists (Data Storers), and Diviners (Answer Aggregators). These components work together to ensure the accuracy and validity of location data, positioning XYO as a participant in the creation of decentralized and trustless location-based services.

XYO Network provides several features for developers aiming to integrate location data into their applications. It offers a decentralized and trustless system for verifying location data, which is relevant for various applications such as supply chain management and asset tracking. This system aims to enhance the accuracy and reliability of location-based transactions. XYO utilizes a unique Proof of Origin consensus algorithm. This algorithm aims to improve security and reduce fraudulent activities. XYO's network of devices allows for integration with existing blockchain platforms, making it easier for developers to incorporate location-based services into their applications. Overall, XYO aims to contribute to transparency, security, and efficiency within the cryptocurrency space.

The XYO token (XYO) is a crucial part of the XYO Network. The network consists of four main components: Sentinels, Bridges, Archivists, and Diviners. Sentinels are location witnesses that gather data and produce temporal ledgers. Bridges securely relay this data from Sentinels to Archivists, who store and index the information. Diviners then analyze this data to provide an answer to a location-based query. The XYO token serves as a non-monetary reward for these components to contribute accurate and honest location information. When the data contributed by a Sentinel, Bridge, Archivist, or Diviner is utilized to respond to a query, they receive XYO tokens as non-financial incentives. This system strives to establish a protocol for crypto-location that can interact with any smart contract capable, public blockchain, providing a degree of certainty on location data through a chain of cryptographic proofs.

XYO operates on a specific set of blockchain rules that focus on sovereignty, permanence, and provenance in its technologies. The XYO network is divided into four main components: Sentinels, Bridges, Archivists, and Diviners. Sentinels are responsible for collecting location-related data, which Bridges then transfer to Archivists. Archivists store this information where Diviners can easily access it for analysis. Diviners then generate answers to queries and assign them with accuracy scores. The XYO token facilitates all transactions within the XYO ecosystem. The platform utilizes a proof of stake consensus mechanism, which is intended to assist the network in reaching a consensus in a decentralized manner.