What is XRoad Initiative (XRI) ?
XRoad Initiative (XRI) need for maintaining individual data integrity and security is as important as ever in the 21st century. Even while more centralized infrastructure solutions for cloud storage present some advantages with respect to these ends, XRoad believes that block chain technology presents a decentralized and more democratized alternative where data integrity and security are achieved with self-verifying and self-executing smart contracts. Smart contracts, among other benefits, remove the need to rely on large enterprises, and position individual Internet users to maintain
XRoad Initiative (XRI) With XRoad Decentralized Storage, XRoad Locker and Oracle solutions, XRoad empowers individual Internet users (whom refer to as X-roaders) to leverage block chain technology for user-friendly access, protection and control over their data (rights). Moreover, user activity powers essential Oracle that smart contracts rely on to effectively and safely interact with off-chain environment data in the decentralized world.
XRoad Initiative (XRI) Coin Storage Key Points
|Coin Name||XRoad Initiative|
|Fully Diluted Market Cap||$3,253,636,540|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
XRoad Initiative (XRI) deploys the decentralized infrastructure needed to serve as the intersection between block chain technology and the world’s data. This is possible with Oracle, Decentralized storage and the Locker for user-powered interoperability between the off-chain world and smart contracts, as well as for individual data self-sovereignty.
XRoad Initiative (XRI) Oracles effectively and efficiently bridge the connectivity gap between the off-chain data and block chain smart contracts. Providing the ability for interaction with online sources of information and the ultimate transference of this information to the block chain.
XRoad Oracle carries out the ever-important tasks of verifying and authenticating data, enabling the smart contract to efficiently execute its logic.
The XRoad project launches with oracles that focus on user data feeds. The primary focus is on user data collection from multiple online sources.
The XRoad Oracles will expand into asset price, exchange rate, and weather temperature information required by a smart contract within a block chain network.
XRoad Decentralized Storage (XRDS)
XRoad Initiative (XRI) block chain-based decentralized storage is the convergence between multi-cloud decentralized data management philosophy with individual data self-sovereignty.
XRoad Initiative (XRI) Within XRDS, data is distributed throughout an entire network, thus making the network highly difficult to attack or censor.
XRoad Initiative (XRI) rooted block chain technology offers the capability of data encryption with the usage of private keys.
XRoad Initiative (XRI) Files within the XRDS solution are broken down into multiple pieces and spread across multiple nodes.
XRoad Initiative (XRI) decentralized approach to data management which empowers users to store, secure, verify and authenticate their data.
XRoad Initiative (XRI) Oracle node operators must stake a certain amount of XRI in order to run an XRoad Oracle.
XRoad Initiative (XRI) storage node operators receive XRI rewards. XRDS sets storage levels, with the more storage and uptime being a higher level, thereby receiving a larger amount of XRI rewards for their storage.
XRoad Initiative (XRI) When ads are viewed, the XRI in the advertisers smart contract for ad allocation is automatically deducted, and the viewer automatically receives XRI as reward for interacting with the ad.
XRoad Initiative (XRI) Mint ownership of XRoad storage data, for sale with royalty options on downs ells, or simply as permanent confirmation of ownership. XRoad users can easily mint NFTs representing ownership of digital assets stored on XRDS NFT is irreversibly and exclusively linked to the digital asset(s) within the XRoad Ecosystem (temp icon) XRoad Locker enables control over sales and rentals, revenues generated through NFTs (temp icon)