XYO Deploys 434,998 Data Nodes in Africa, Empowering Users and Fighting Data Bias
XYO, a decentralized location network, has deployed 434,998 data nodes across Africa, earning millions in XYO tokens. This expansion aims to address global data bias and empower local users with its innovative blockchain and DePIN model.
XYO's DePIN (Decentralized Physical Infrastructure Network) model enables individuals in Africa to contribute location-based data using mobile nodes and earn cryptocurrency in return. This not only addresses data bias, which heavily influences AI systems' performance, but also creates new earning opportunities.
The company's new Dual Token Layer 1 blockchain features an innovative consensus mechanism called Proof of Perfect. This mechanism empowers decentralized nodes to deterministically choose the right chain to build on, fostering a more secure and reliable network.
XYO's efforts are gaining traction, with DePIN emerging as a widely embraced use case for blockchain and decentralized technologies. The COIN mobile app allows users to create and earn money off their data, contributing to this decentralized physical infrastructure network.
XYO's expansion in Africa, with 434,998 data nodes and counting, is a significant step towards addressing world news today data bias. By empowering local users with its DePIN model and innovative blockchain, XYO is creating new earning opportunities and fostering a more diverse and representative data landscape. This, in turn, can have real-world consequences in sectors such as healthcare and finance, where data-driven decisions are crucial.
