Even though we’ve already looked at the basic functionalities of the XYO Network, we have yet one step deeper to dig in order to full get the concept of the project. To see the more technical side of the project, let’s inspect the core functionalities and how the XYO network is interacting as a network with it’s individual parts
The XYO Network is built on four core components:
Sentinels produce ledgers filled with gathered location data. These ledgers are filled with irreversible and secure data, providing the network with the much needed data in order to use the location functionality.
Bridges are a gateway to pass data from Sentinels to Archivists (see below) with the addition of adding the Proof of Origin. Bridges act as a security gateway that forwards data and adds another security feature to it in order to enhance the transferred data.
As the name already implies, Archivist’s role in the network is to store the received data from Bridges in a decentralized form. These allows the data to be available to Diviners (see below) anytime with the knowledge of it being stored in a secure and decentralized way. Furthermore Archivists can exchange data between each other, adding another Proof of Origin every time data gets exchanged.
Diviners are the last piece in the XYO smart contract cycle. Diviners take on queries and try to answer them through analysing the gathered and saved data of Archivists. Based on that, heuristics in the XYO Network are being validated through the level of Proof of Origin they demonstrate. Based on the fact that Diviners have to provide correct and honest analysis of these heuristics a reward system has to be implemented. Based on the trustless system that the blockchain technology provides, mining is required. Diviners deliver the necessary Proof-Of-Work to ensure a high quality and secure data exchange.
(If you want to read more about the basics of PoW and why trying to inject wrong data into the system can be a very costly matter, please check out this )
Each component plays it’s crucial role in the network
Even though this might sounds a bit confusing, it makes perfect sense if you think about it. The individual components of the network each handle their own task and exchange the needed data between each other, allowing the system to function as a whole while gathering, saving, securing and analyzing data through the individual components.
In the following article we’ll have a more practical outlook on the XYO Network and will display how the network conducts it’s smart contracts and how it interacts with other public ledgers.
Additional information on the XYO Network can be found on their , / threads or directly in their official !
In today’s world, a lot of ways to earn online. One of them is binary options trading. Without much difficulty, you can get income for the correct determination of the price movement of an asset, and it is not necessary to buy it. Any trading pair that consists of quotes such as currencies, indices, precious metals and oil can be the underlying asset in binary options trading.
The volume of the world market of binary options is quite impressive and is about 30 billion dollars a year. But unfortunately, every year the popularity of binary options is decreasing. Though huge funds are being allocated to advertising, it is still binary options are gradually losing the confidence of traders. And the reason for this was the various fraudulent schemes. It is believed that 90% of all traders ‘ funds go into the pockets of brokers. And trading takes place in the backend of the broker, so the whole process can be considered not transparent.
Sometimes, to start trading a trader needs to make a Deposit, and for this it is necessary to spend a certain amount of time. At the same time, the withdrawal of funds takes many times longer.
The BETEX company undertook to solve the arisen problems in this market.
Betex is an advanced binary trading platform for p2p financial instruments. The main goal of this platform is to eliminate corruption in investments and make the trading process completely transparent. In order to ensure all these advantages in trading, BETEX, as an intermediary, will not participate in the trading processes, but will only earn money for the maintenance of the platform.
BETEX platform participants can be not only traders, but also a very wide range of people who rotate in the traditional financial world. That is, our potential customers can be anyone who is interested in investment, Finance and trading on exchanges, and these are millions of people around the world.
Also, the main advantage of BETEX over other platforms is the work based on Blockchain technology. Thanks to which, anyone can check absolutely any data online. As a result, it is completely excluded the possibility of substituting the results of trading intermediaries. Another advantage is the availability of fair payment, regardless of the result of your bet, the platform charges money only for the service rendered. At the same time, BETEX strives to maximally combine the liquidity of the markets, creating a trading resource and a common set of liquidity, rather than creating multiple indicators.
Thus, this platform will help you instantly join brokers that not only provide high liquidity, but also maintain the speed of the system in the fastest time at a reduced price.
All platform members can have instant access to all resources and functions by making payments through a smart contract to their ETH wallet, allowing you to withdraw your funds quickly and without delay.
The system itself is used to increase the load without affecting the performance of the platform itself. It is possible to achieve similar results only with the help of smart contracts and a properly organized structure.
And to access the BETEX platform, you can use THE following methods:
1. The web interface is ready;
2. Mobile application — under development;
3. Desktop application is under development.
As soon as the process of developing individual elements is completed, all financial specialists will be able to interact with the system through their own dashboard without any problems.
We also want to highlight another bright advantage of the BETEX project. The whole system is set up for a fair distribution of the total pool, allowing absolutely every participant to earn here. And all because 95% of the turnover will be the stock reward of the participants, and only 5% of the total turnover will be charged by the platform. Of these, 2.5% will be allocated to BETEX token holders and 2% to brokers, 0.3% will be directed to improvement and development, and 0.2% will remain in reserve.
Project team:
Thus, this business model offers a new and innovative solution in the world, which has no analogues.
If we talk about tokens, they will be released on the Ethereum platform, with a total of about 10m BETEX. At an average cost of 1 betex = 3 dollars. More information about the project can be found at these links:
Website:
Whitepapper:
Telegram group:
Twitter:
Facebook:
INTRODUCTION
The blockchain technology has attracted more attention and has contributed to the expansion of the entire FinTech industry market including the encryption currency ever since 2008 when bitcoin came on board.
From barter, the first economic activity in mankind, human beings have created and used the concept of money in the process of pursuit of the convenience of transactions.
This now brings us to the platform called TorusNet which is the Name of Torus service and platform that utilizes Ethereum. Toruscoin (TORUS) is the unit name of token circulating in TorusNet. The TorusProject provides various support and opportunities to people who cannot obtain enough energy and develop energy-related technology.
The Total Amount Of The TorusCoin Token
The amount of Toruscoin issued is 100 billion TORUS. 70 billion TORUS is to be sold in the pre-sales. Among the remaining 30 billion TORUS, 20 billion TORUS is to be set as marketing funds, and 10 billion TORUS is to be assigned to Torus Project Team. Since the total amount of tokens is pre-defined, the price of 1 TORUS will raise in response to the increase of Toruscoin demands as the overall market size increases. Unlike the existing global currencies, the amount of Toruscoin is fixed, and it has a decentralized structure. Therefore, the value of Toruscoin is determined by demands according to market principle.
THE ICO
The initial distribution of Toruscoin is done in a pre-sale format. Anyone can buy Toruscoin with ETH. Holders of other types of crypto-currency like ETC or BTC must obtain ETH through the
existing service such as crypto-exchange.
The Toruscoin per ETH that can be received by the pre-sale will receive 350,000 TORUS. TORUS that were not distributed will be locked up once and a new period will be set and the ICO will be performed at a later date. The main role of the new ICO is to develop block chains and security systems for further utilization and expansion in the energy field. The minimum purchase amount is 0.01 ETH. This is further explained in the chart below:
You can get more information about the ICO in the .
Torus Net
This network called the TorusNet is a blockchain technology which is adopted as information storage medium in the energy-related academic papers. In addition here, it is said that a certain anonymity is secured and it is not possible to perform unauthorized tampering, so it can be said that it is a mechanism which is used to resist smearing due to pressure or the like.
The Blockchain Technology
Blockchain technology is one form of distributed ledger design that has no central administrator and ensures reliability of transactions by combining advanced encryption technology and distributed networking. Reliability, which used to be secured by central administrator’s existence, became possible to be formed by observation of individual nodes. This will enable the all the participants in the network direct transactions without interposing a third party.
Blockchain Technology in The Energy Sector
Blockchain applications in the energy-related fields are not yet available in the market today. They are in conceptualization or prototyping stage. However, although it is in a different field, blockchain technology in financial sector as written electronically/typified by FinTech is already in the practical stage, and the international investment to it, including the U.S. and China, has expanded to skyrocket. Accumulation of experience and know-how obtained there and further research, development, and application will turn application of blockchain Technology to the energy field and formulation of distributed energy supply system into reality. This allows the entire system in the energy sector to reduce the transaction costs to improve the efficiency of the transaction process. Not only the customers who purchase the energy, but also all the people involved will be able to enjoy the benefits. This is to improve the use and increase the value of energy.
Blockchain In Torus project
The team will actively invest in the research and development of distributed energy transaction system, its supply system to provide stable and smooth service, and the related fields. This is due to the light of the possibility and the value of blockchain in the energy sector.
In this distributed energy trading and supply system, people who consume energy can also be energy producers. For example, prosumers not only consume energy but also produce energy by solar power generation, small wind turbines, hydroelectric power, or CHP plant. At this kind of moment, blockchain technology in the energy sector enables to sell the energy generated by the prosumers directly to those in need of energy without traditional intermediaries.
The team plans to take advantages of EV (electric vehicles) as movable power grid in Torus Project. Popularization of EV requires charging station that can be used anytime anywhere and easy to-use payment system. For example, such system that AI (Artificial Intelligence) automatically recognize and charge EV in need of energy with automatic charging fee collection function can be provided by the blockchain technology. All the transactions between consumers and producers through peer-to-peer network are based on smart contract. This distributed kind of blockchain system will prevent tampering of transactions
In addition to balancing the supply and demand of energy.
The team will create further versatile and high value-added energy platform to improve on the consumer and user convenience and rate of utilization. This will occur by combining these blockchain technologies with smart devices.
The purpose of Torus Project is liberalization of energy.
Co-Development And Release Of Toruscoin Authentication
Smart Electric Outlet
The Torus Project develops a smart outlet that can be connected to a block chain, and it is planning to ship it to the world and release it. This product can pay a part of charged sales to the user with Torusccoin. Also, It is an authentication smartphone application that connects via Bluetooth, and smart electric outlet can be used on the day of member registration procedure.
Be aware that Toruscoin is a crypto token used in TorusNet.
Toruscoin cannot be used to rule or to possess TorusNet.
Toruscoin does not represent any rulership or possession of TorusNet, nor does Toruscoin give its holder any right of making any forceful modification on the system even though Toruscoin is managed by the user.
ROADMAP:
FOR MORE INFORMATION ABOUT THE TORUS PLATFORM, PLEASE VISIT THE AND OTHER CHANNELS;
Telegram:
Twitter:
Bitcointalk Forum:
Author: Prinox2
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