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xyOS Beta Launch Enhances Digital Autonomy & Data Sovereignty

Published

2 months ago

May 3, 2024

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XYO, a company pioneering technology to improve data validity and user control, has taken a significant step towards a more empowered digital future. On 1st May 2024, they launched the beta version of xyOS, a groundbreaking operating system designed to simplify blockchain interaction and put you back in charge of your digital life.

With this innovative development, XYO aims to revolutionize the landscape of decentralized technology, empowering users with unprecedented control over their online interactions and data ownership.

In this article, we are going to dive into xyOS, exploring its user-friendly features, its built-in XYO Name Service (xyoNS), and how it empowers users within the XYO ecosystem.

xyOS, short for XYO Operating System, represents a pioneering advancement in the realm of decentralized technology. Designed to simplify the complexities of blockchain-based applications, xyOS introduces a user-friendly graphical interface that resonates with both seasoned enthusiasts and newcomers to the digital landscape.

At its core, xyOS is more than just an operating system—it’s a catalyst for change, bridging the chasm between intricate decentralized networks and everyday users.

This innovative platform democratizes access to the XYO ecosystem, offering seamless navigation through a familiar interface akin to popular platforms like the iPhone Home Screen or Windows desktop. Through xyOS, users can effortlessly engage with decentralized applications (dApps) with a mere tap or click, ushering in a new era of accessibility and empowerment.

Central to the ethos of xyOS is the concept of data sovereignty and user autonomy. By storing all data locally, xyOS ensures that users retain complete control over their information, enabling them to modify or delete it at their discretion.

This heightened level of control not only safeguards privacy but also instills confidence in users, fostering a sense of ownership over their online interactions.

Furthermore, xyOS streamlines interaction with the blockchain, offering simplified setup processes for nodes and providing real-time data insights into XYO technologies. From customizable profiles to intuitive settings and system health monitoring, xyOS caters to diverse user needs while laying the foundation for peer-to-peer engagements within the XYO ecosystem.

xyOS goes beyond just a user-friendly interface. It packs a punch with features designed to empower users and revolutionize data ownership:

Data Sovereignty at Your Fingertips

Unlike traditional platforms that store your data on their servers, xyOS keeps your information local. This means you have complete control over it. Need to modify or delete something? xyOS puts the power in your hands.

Effortless Access to the XYO Ecosystem

xyOS acts as your gateway to the entire XYO world. With a few clicks, you can access the XYO platform, protocol, and network, unlocking the vast potential of this innovative ecosystem.

Built-in dApps for Everyday Needs

xyOS comes pre-loaded with essential dApps (decentralized applications) to manage your profile, settings, and system health. This built-in functionality streamlines your experience within the XYO ecosystem.

A Platform for Future Innovation

xyOS isn’t just about pre-built apps. It allows third-party developers to create their own dApps, expanding the functionalities and possibilities within the XYO ecosystem. This opens the door for exciting new features and services in the future.

Additional Features

Moreover, xyOS offers additional features that enhance user experience and control:

Customization Options: Don’t like the default look? xyOS lets you personalize your experience with OS theming options, allowing you to tailor the interface to your preferences.
Quick Search Functionality: Need to find something specific within the XYO ecosystem? xyOS’ built-in quick search function helps you locate what you’re looking for in a flash.
Real-time Insights: Stay informed with xyOS’ dashboard clock that provides real-time updates on the XYO network and your system health. This transparency empowers you to make informed decisions about your data and interactions within the ecosystem.
Multiple Identity Management: xyOS allows you to create and manage multiple identities within the system. Each identity can have its own set of preferences and data, offering enhanced control and flexibility for different use cases.

Imagine trying to remember a long string of numbers and letters just to identify yourself online. Sounds cumbersome, right? This is where XYO Name Service (xyoNS), a clever feature integrated within xyOS, comes in. xyoNS tackles the challenge of complex wallet addresses often associated with blockchain technology. It allows users to create memorable usernames that replace those cryptic strings. Think of it like choosing a nickname for your online identity within the XYO ecosystem.

The launch of xyOS signifies a turning point for the XYO ecosystem. Here’s how it paves the way for a more vibrant and user-centric future:

Lowering the Barrier to Entry

With its intuitive interface and familiar design, xyOS removes the technical hurdles that might have previously discouraged newcomers. This opens the door for a wider user base to explore the XYO ecosystem and its potential applications.

Empowered Users, Stronger Ecosystem

By placing data control back in users’ hands, xyOS fosters trust and encourages active participation within the XYO network. This empowered user base can contribute valuable data and ideas, ultimately strengthening the XYO ecosystem as a whole.

A Platform for Innovation

xyOS acts as a springboard for developer creativity. With its open platform for third-party dApps, xyOS unlocks a vast potential for new functionalities and services. This fosters innovation within the XYO ecosystem, leading to exciting possibilities for the future.

The beta launch of xyOS marks a significant milestone for XYO and the future of data ownership. This user-friendly operating system dismantles the complexity often associated with blockchain technology, putting users back in control of their data.

Features like local data storage and built-in dApps empower users to navigate the XYO ecosystem with confidence. Furthermore, XYO Name Service (xyoNS) simplifies identity management, making interaction within the network more seamless. The impact of xyOS extends beyond individual users.

By attracting a wider user base and fostering developer creativity, xyOS has the potential to fuel innovation and propel the XYO ecosystem forward. If you’re looking for a user-centric approach to blockchain technology and a place to reclaim control of your data, xyOS is definitely worth exploring.

The beta version is now available, so head over to XYO’s website or discord server to learn more and embark on this new era of data sovereignty.

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Related Topics:Autonomy beta data Digital Enhances Launch Sovereignty xyOS

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TRON to Launch Gas-Free Stablecoin Transfers in Q4 2024

Published

2 hours ago

July 7, 2024

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TRON founder Justin Sun announced that his team is developing a stablecoin solution to increase institutional adoption of such assets.

On July 6, Sun revealed that a gas-free stablecoin solution will launch on the TRON network in the fourth quarter of this year.

Gas-Free Stablecoin Solution

Sun explained that this innovation means users will not need to pay a gas fee for stablecoin transactions. Instead, the stablecoins will cover the fees themselves. This solution will initially be available on the TRON Network before expanding to Ethereum and other Ethereum Virtual Machine (EVM)-compatible public chains.

“Our team is developing a new solution that enables gas-free stablecoin transfers. In other words, transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves,” Sun stated.

Sun added that this development could help TRON become the first blockchain to surpass one billion addresses. TRON gained prominence by offering affordable stablecoin access, making it the second-largest network for such assets after Ethereum. TRON controls around 36% of the stablecoin market, with Tether dominating 99% of its $58 billion stablecoin supply.

Tron Stablecoin — TRON Stablecoin Market Cap. Source: DeFillama

Despite facing regulatory challenges and allegations of misuse by fraudsters, Sun believes this solution will further drive institutional stablecoin adoption. Over the years, stablecoins have become one of the most successful real-world applications in the emerging industry, especially after payment giants like PayPal launched theirs.

Stablecoins, typically pegged to the US dollar, offer a stable alternative to volatile digital assets like Bitcoin. In emerging markets, crypto users use these assets to hedge against depreciating national currencies and as a payment method for goods and services.

Market experts predict that demand for these assets will continue to grow. Visa notes that this growth is helping it catch up with established settlement networks. Due to this, regulatory efforts in various countries, including the United States, aim to bring these assets into compliance due to their high adoption rate.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

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1 in 4 US Voters Likely to Invest in Ethereum ETFs

Published

6 hours ago

July 7, 2024

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A survey by Grayscale and The Harris Poll indicates that US Securities and Exchange Commission (SEC) approval of a spot Ethereum (ETH) exchange-traded funds (ETFs) would likely boost American investment in the digital asset.

Though the long-term performance of these ETFs is uncertain, the poll suggests their introduction will significantly advance the crypto market’s maturity and mainstream adoption.

Ethereum ETF Will Drive Adoption

The poll reveals that nearly one in four likely voters would consider investing in Ethereum if an ETF-based product were approved. This approval would increase their interest in Ethereum and other crypto assets beyond Bitcoin.

US Investors interest in Ethereum — US Investors Interest in Ethereum ETF. Source: Grayscale

Grayscale’s findings support analysts’ predictions about Ethereum ETFs’ potential success. Quinn Thompson, founder of Leker Capital, referencing Neil Osborne, stated that the ETH ETF is a proxy for traditional investors who lack exposure to blockchain and crypto beyond digital gold.

“By investing in Ethereum you’re getting exposure to stablecoins/payments, tokenization, DeFi, digital art/NFTs, infrastructure/staking/layer 2 scaling. All of this new technology is built on Ethereum and pays fees for its usage and activity which accrues as revenue to the ETH network and token,” Quinn explained.

This perspective leads many market experts to anticipate significant investment inflows once trading begins. Charles Yu, Vice President of Research at Galaxy Digital, estimated that ETH ETFs might attract up to $1 billion in monthly inflows during the first five months. Similarly, Bitwise CIO Matthew Hougan predicted $15 billion in inflows within the first 18 months.

Despite the potential for high success, 25% of Grayscale respondents said that ETF approval would not influence their investment interest. The survey also highlighted that a considerable portion of the population remains unfamiliar with spot Ethereum ETF. It shows that around 43% of US voters were unaware of it.

Meanwhile, the survey shows crypto has become an increasingly important subject for American voters. According to the survey, a third of American likely voters have become more open to crypto since the beginning of this year, and 47% of them believe that crypto will eventually wind up in their investment portfolios.

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Where Will Bitcoin (BTC) Price Head Amidst Liquidations?

Published

7 hours ago

July 7, 2024

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Bitcoin’s (BTC) price has barely recovered from the debacle of momentum witnessed over the last few days.

Nevertheless, the cryptocurrency appears to be under the threat of further drawdown due to not bearishness but bullishness of the investors.

Bitcoin Faces a Challenge

Bitcoin’s price fell from $62,000 to $53,300, shocking the crypto market and killing many bullish dreams. The futures market registered long liquidations amounting to $263 million in three days.

This is the second-highest liquidation in the last two weeks, with the previous high noted three months ago in April. Generally, such high liquidations tend to calm investors down and make them step back to let the market cool down.

Bitcoin Long Liquidations. Source: Coinglass

However, BTC holders do not seem to agree with this opinion. The drawdown is considered to be facing the impact of Federal Reserve Chair Jerome Powell’s bearish speech earlier this week. Thus, the investors expect a quick recovery and are prepared to profit from it.

Analyst Willy Woo highlighted this in his explanation of the difference between buying futures and buying spot. He denoted that the former results in a bearish environment and stated that this could cause further losses.

According to the Bitcoin Open Value Oscillator, about half a million long contracts are still open in the futures market. Should Bitcoin’s price fall further, these longs could be liquidated. This will result in an extended period of bearishness for BTC.

BTC Price Prediction: Validating the Pattern

Bitcoin’s price, trading at $56,961 at the time of writing, is stabilizing after nearly falling to $53,300 yesterday. The cryptocurrency has yet to fulfill the expected 17% drawdown arising from the double top formation from four months ago.

This prediction targets a drop to $50,900, which will lead to massive long liquidations, as mentioned above. Should BTC lose its support of $55,000, this would become more probable.

Bitcoin Price Analysis. Source: TradingView

On the other hand, if Bitcoin’s price manages to bounce back from $55,000 and flip $58,800 into support again, recovery could begin. This would enable a rise to $60,000 to invalidate the bearish thesis.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

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