XYO's African Expansion Fights Data Bias, Earns Millions in Crypto
XYO, a decentralized network, is tackling global data bias by expanding its data nodes in Africa. The company's COIN mobile app enables users to monetize their data, while its new consensus mechanism, Proof of Perfect, ensures accurate data processing. With 434,998 nodes already operational, XYO has earned millions in cryptocurrency.
Historically, building and maintaining physical infrastructure networks has been challenging and expensive. XYO's DePIN (Decentralized Physical Infrastructure Network) model addresses this by empowering grassroots development. Users can contribute location-based data via mobile nodes and earn cryptocurrency in return.
The COIN mobile app plays a crucial role in this process. It allows users to create and earn money off their data, which can then be redeemed for XYO and other currencies. This not only incentivizes users to participate but also helps combat global data bias, which affects 65% of organizations and excludes billions from technological benefits.
XYO has launched a new Layer 1 blockchain with an innovative Proof of Perfect consensus mechanism. This mechanism enables decentralized nodes to deterministically choose the right chain to build on, ensuring data accuracy and reliability.
DePIN is gaining global entry as a use case for blockchain and decentralized technologies. To date, XYO has established 434,998 data nodes across Africa, earning millions in XYO cryptocurrency.
XYO's expansion in Africa is addressing global data bias by increasing data nodes and empowering users to earn from their data. The new Proof of Perfect consensus mechanism ensures accurate data processing, while DePIN incentivizes grassroots development of hardware infrastructure networks. With its innovative approach, XYO is poised to make a significant impact on the global data landscape.
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