XYO Unveils XL1: A New Layer 1 Blockchain for Data-Intensive Apps
XYO Launches Blockchain’s First Data-Focused L1
XYO, a prominent Decentralized Physical Infrastructure Network (DePIN) project, has launched XYO Layer One (XL1), a new blockchain network designed to handle the demands of data-heavy industries. This positions XYO as the first blockchain built to manage large data volumes without compromising performance, a key requirement for sectors like artificial intelligence (AI), logistics, and cloud services.
Since its inception in 2018, XYO has developed various data-centric blockchain products, including the COIN mobile app, which rewards users for contributing everyday data. With a global ecosystem of over 10 million nodes, XYO provides validated data to partners, ranging from location and temperature to survey responses and shopping habits. A past campaign even saw XYO optimize supermarket product organization based on shopper data.
The Need for a Data-Specific Blockchain
XYO's decision to create its own blockchain was driven by the limitations of existing networks in handling high-efficiency, data-focused operations. The rise of AI, Real-World Assets (RWA), and DePIN underscores the need for blockchains specifically designed for extensive data usage.
Key Use Cases:
- AI: Providing accurate data streams for AI model training.
- RWA: Ensuring precise and verifiable inputs for tokenized assets in real estate and supply chain.
XYO Layer One aims to address these needs by offering low-latency data processing and robust validation capabilities. XYO plans to migrate its products to the new blockchain, followed by its partners.
“Having developed on blockchain for years, I’ve seen firsthand where current systems fall short. The community is ready for a system that can handle both high volumes of data and maintain true decentralization. XYO addresses the pain points that have held back developers and consumers for years – bloat, inefficiency, and the gentrification of participation. XYO provides the tools that developers need to build, and the means for anyone to participate, regardless of resources.” – Arie Trouw, XYO Co-Founder & CEO
Technological Innovations in XYO Layer One
XYO Layer One introduces features designed to improve scalability and efficiency, addressing issues like transaction slowdowns and gas price spikes. These include innovations like XYO’s Lookback Window, Step Hash, and Proof of Perfect.
The new blockchain also features a dual-token model:
- XYO Token: A deflationary asset used for DePIN rewards, governance, payment, security, and staking. It listed on major exchanges like Coinbase and Kraken.
- XL1 Token: The native token of XYO Layer One, used for gas fees, transaction processing, and node operation rewards.
XL1 is earned by staking XYO, which locks XYO token into XYO Layer One, creating a combined staking and incentivization model. System staking is available, offering early participants higher emissions.
XYO's approach aims to create a practical blockchain framework capable of supporting data-intensive applications in DePIN, AI, and other sectors.
About XYO
Founded in 2018, XYO is a DePIN project with over 10 million nodes worldwide. It validates data, connecting Web3, Web2, and industries like AI and RWA. Its Proof of Location and Proof of Origin technologies secure data for asset tracking and DePIN applications. XYO's COIN App introduced millions to blockchain through data validation rewards. The XYO token is available on major exchanges, including Coinbase and Kraken.