XYO Network is a blockchain-based project that focuses on location verification and bringing real-world data to smart contracts. It aims to enhance the accuracy of location information by using a network of devices that can confirm the geographic position of assets. The XYO Network consists of various components, including sentinels, bridges, and archivists. Sentinels collect location data, bridges communicate between the blockchain and external data sources, and archivists store the information securely. Together, they work to ensure that the data is reliable and tamper-proof.One of the main applications of XYO Network is in supply chain management, where accurate location tracking can improve efficiency and transparency. It can also be useful in sectors like insurance, transportation, and gaming. By providing a decentralized method for location confirmation, XYO Network empowers users with more control over their data and helps create new opportunities for developers to build innovative applications.
Bit Digital Acquires 31,057 ETH Through $150M Convertible Notes Offering
Bit Digital Inc. (Nasdaq: BTBT) has purchased 31,057 Ether (ETH) using proceeds from its recently completed $150 million convertible notes