An Altcoin associated with a decentralized physical infrastructure network project (TPO) jumped almost 44% on Friday after receiving a prominent exchange list.
Thursday, the South Korean giant of Crypto exchanges announced that it enamed Xyo, the native token of the XYO network.
The XYO network aims to process any type of decentralized data.
Explains the project website,
“Building on both a network and a protocol, XYO can be used to aggregate, check, organize and use decentralized data from any hardware node capable of running software or Xy-compatible micrologetal.
The defining premise of XYO is a decentralized verification, allowing network devices to check the data flowing in the databases of the network by acting as witnesses for each other, reinforcing the veracity of the data received. A simple and accessible organization then makes it possible to use this data quickly and effectively. »»
Earlier this month, the project announced that it would migrate its network to a new layer 1 chain focused on a backdrop. To help facilitate this movement, the XYO network also deploys a new native layer of layer 1, XL1, and will work with a double token model in the future.
The original XYO token will remain on Ethereum (ETH) and will act “as an anchor to regulate the flow of XL1 in its native blockchain”, according to the project.
XYO is negotiated at $ 0.0154 at the time of the editorial staff. The cryptographic asset classified 278 by market capitalization is also up more than 71% last week.
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