What Exactly is XI Protocol? Learn with MEXC Blog

amberrrr789

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Aug 23, 2022
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A distributed ledger technology solution is the XI Protocol or XI. This protocol's physical platform is based on space infrastructure. It simply delivers physical data and shows visual data in space.


What is XI Protocol (XI)

How Does It Operate?
A revolutionary development in the interplay of space infrastructure is the XI Protocol. They are setting the bar for the use of infrastructures connected to the Web 3. Take your time reading this article because it's a little challenging. The primary goal of the XI protocol is to establish a decentralized interplanetary platform. Through this platform, outside truth predictions are given money incentives. Additionally, they take part in innovative economic models that involve questions and replies. Metaoracles is the name of the system.

Metaoracles
Oracles are a term we're all familiar with. Oracle is a computerized repository for data collected by various sensors. "Today's temperature is 75°F," for instance. On the other hand, metaoracles can offer both inquiries and answers. It might inquire, for instance, "What is the temperature today?" Before making the correct forecast, answers are analyzed via a series of steps termed cascade computations.

Computation in Cascades
Okay, so what exactly are cascade computations? It is a set of operations before Metaoracle can supply us with an answer. Users, Oracle Arbiters, and a Metaoracle participate in cascade computing by using the XI Computational Model (XCM). Here are the steps that make it operate more simply:
  1. Metaoracles receive their necessary hash and inputs via XI-Commit Transaction.
  2. The code and entity hash needed to complete the task will then be provided by XI-Entity Transaction.
  3. In order to reveal findings and provide them to Metaoracle for consensus, XI-Reveal Transaction then offers the necessary strings and hashes.
  4. Oracle Arbiters will present the outcomes following the completion of the steps.

Their utility token, XI tokens, are used to power the entire computation. Users that require specialized info must pay with XI tokens. In contrast, the provider will be compensated with XI tokens for supplying the data.

Space Advertisement
Another effort dubbed space advertising is being run by Space Advertising XI Protocol. It is a display panel for space hardware that shows off pixel art and unobtrusive advertising. Their Cubesat display screens in orbit around Earth and the Moon are 1200*1080 OLED displays. Additionally, it makes use of Solidity and Web3 advertising time claiming. You need to have ready a few different kinds of tokens for advertisers who are interested in using their advertising space. They are KAPPA and GAMMA tokens for the screen's width and height, respectively, and BETA and RHO tokens. XI tokens for the duration of the advertisement and tokens for pixel colors. Visit their official website to learn more!

Purchasing XI Protocol Tokens (XI)
The steps to purchase XI Protocol Token (XI) on MEXC are as follows:
  1. Enter your MEXC account credentials, then select [Trade]. Select [Spot].
  2. To view the trading pairs that are accessible, type "XI" into the search field. Use XI/USDT as an illustration.
  3. Go to the [Spot] box by scrolling down. Enter the quantity of XI you wish to purchase. Open a Limit order, a Market order, or a Stop-limit order, as appropriate. Use a market order as an illustration. Confirm your order by clicking [Buy XI]. The purchased XI can be found in your Spot Wallet.