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Exxor is a cryptocurrency fine-tuned to provide efficient M2M interactions in the IoT industry. Instead of block chain it uses Directed Acylic Graphs (DAG) which enables zero fees on micro transactions, high scalability and offline transactions. Exxor uses a technology derived by DAG in which every transaction forms its own block verified by two randomly chosen previous transactions.
Media mentions in the news
Samsung Experiments With Crypto Currency for IoTOct. 12, 2017
Exxor is the idea of connection and technology that will enable companies to build a better future, grow their portfolio of clients, filled with higher level of security, connectivity, and total quality improvement.Oct. 13, 2017
A Senior Professor From Virginia's Largest Public Research University is Supporting ExxorOct. 12, 2017
A Senior Professor From Virginia's Largest Public Research University is Supporting ExxorOct. 12, 2017
Inside Bitcoins reports IOT Exxor joins the revolution.Oct. 12, 2017The philosophy behind Exxor and the world’s first cryptocurrency, Bitcoin, is relatively the same, with the difference being that Exxor aims to make online machine-to-machine (M2M) digital transactions more secure in the long run, as compared to peer-to-peer interactions in the latter.Oct. 8, 2017What Is Crypto Currency And How It Works?Oct. 3, 2017As per the studies and latest update we know that nexus is launching initial coin offering on this yearOct. 6, 2017It can be the next gold mine for many of the businessesOct. 3, 2017Revolutionary Blockchain for Internet of ThingsSep. 19, 2017Exxor ICOOct. 9, 2017Exxor ICOOct. 11, 2017Exxor ICOOct. 3, 2017Exxor ICOOct. 11, 2017Exxor ICOOct. 3, 2017So, there is no doubt that the era of Exxor currency is really going to revolutionize the digital world.
Technology for enterprises
By combining IoT data with cognitive computing, businesses can extract valuable insights to improve virtually every aspect of their operations and enable innovative, new business models.
Companies like Samsung & Apple are promising that most of their devices will be IoT compatible by the year 2020.
Exxor signed a partnership agreement with:
The Internet of Things Market size
Benefits of IoT
Integrating the block chain technology with IoT gives us various benefits such as:
- A decentralized system where the ledger will be distributed to every entity on the network
- A trust system which does not require the entities to know each other on the platform, which was a great feature adopted from this news spy review.
- The ability to provide micro transaction services at considerable speeds due to the elimination of the “middle-man”. The collected data can be solved to companies
- A higher difficulty of data being tampered due to the big number of nodes present on the network and the Proof of Work (POW) requiring high computational resources for someone to do so
- The ability to backtrack previous activities with guaranteed validity thus making it easier to make smart contracts.
- Tracking activities and certifications to their genesis phase, such as a supply chain over its whole process so that any physical outcome is accompanied by a ‘digital passport’ that proves its authenticity and origin (IBM Watson IoT block chain)
- Sharing of indelible records with regulatory bodies and insurers
- Can be scaled down to make ‘smart home IoT ecosystems’, with cryptographic hashes of device firmware stored in a bock chain to reduce verification time
Kelvin RodgersCEOKelvin Rodgers, CEOKelvin well-versed in all phases of the software development lifecycle, with a strong working knowledge of algorithms and data structures. Proven success in engineering customized solutions improving business processes, operations and profitability. Mr.Rodgers role at Exxor involves setting strategy and direction, modelling and upholding company’s culture, values and behaviour.
Katherine KaplanSoftware EngineerKatherine Kaplan, Software EngineerAs a highly skilled, adaptable systems engineer and enthusiastic advocate of emerging technology, Katherine has helped companies better administer their networking environment by providing an efficient Windows server administration. She’s transparent, hands on individual who will play a key role in the successful implementation of highly effective systems operations at Exxor.
Nicole SmithDesign & MarketingNicole Smith, Design & MarketingA true professional with an extensive experience in web design, product marketing and PR. Nicole’s strong analytical skills and problem-solving abilities together excellent multi-tasking capabilities landed her an important role at Exxor of supervising public relation and brand awareness strategy and execution.
Tobby MossBlock chain engineerTobby Moss, Block chain engineerBefore joining Exxor, Tobby worked as a software engineer at blockchain solution provider, where he acquired knowledge of server management of various blockchain node types such as Bitcoin and Ethereum. Tobby also holds a degree in Computer Science from UCLA.
Sasha IvanovNetwork admin – Software EngineerSasha Ivanov, Network admin – Software EngineerTop performing, multilingual and skilled IT professional with over 10 years of experience as Network Analyst and Administrator. High expertise in the design, installation and configuration of network systems to drive company growth and technical innovation.
Tz-Lu TaiBlockchain & Software EngineerTz-Lu Tai, Blockchain & Software EngineerA true enthusiast of cryptocurrency and emerging technologies. His specialities involve J2EE, SOA, Distributed Architectures, BPM, CRM products as well as experience in Agile and Waterfall Methodologies. Tz-Lu is a big believer and activist of IoT technologies, his background in blockchain and data-driven solutions development brings a lot of value to Exxor.
Wendell JenkinsCFOWendell Jenkins, CFOAfter 7 years in JP Morgan and Macquarie Group within Market Operations & Settlements areas on SWIFT messaging system, Wendell decided to focus on blockchain and cryptocurrency consultations. He’s now active follower of crypto-technology innovations and prolific trader of digital assets.
Archie AlexanderBlockchain EngineerArchie Alexander, Blockchain EngineerA true believer of the Internet of Things. Archie has been developing blockchain solutions at Sparkle Technology since 2013. He’s been following IOTA development since its inception, which allowed him to acquire deep understanding of DAG and its possible applications. Archie’s role at Exxor includes but is not limited to building software’s interface.
Bowie GreyCMOBowie Grey, CMOMr.Grey is in charge of supervising the execution of our company's marketing strategy, building key strategic partnerships with business clients and initial adopters of Exxor technology. Organized a variety of different events, including sales events, lesson showcases, and free classes and clinics. Events eclipsed 200 attendees and $175,000 in direct sales.
Henry HughesCTOHenry Hughes, CTOAn accomplished software developer with a proven record of designing and building solutions for data-driven businesses. Henry’s role includes overseeing all system design and changes in system architecture, maintain current knowledge of technology landscape and developments especially in IoT industry. Henry‘s proven experience in taking inniative in thought leadership, innovation and creativity in his past roles is not fully evident at Exxor.
Akhil KhareAdvisorAkhil Khare, AdvisorAkhil Khare has published more than 100 research papers in journals and conferences.. His areas of interest are Computer Network, Software Engineering and Multimedia System.
Ankit LodhaAdvisorAnkit Lodha, AdvisorAnkit Lodha is Analytics Operations Lead in Clinical Application & Analytical Services (CAAS) at Amgen. Within Amgen he has worked on R&D and Commercial Analytics. Before this positon, he has provided strategic consulting services, supporting the analytics, data reporting, and data management needs of senior leadership at AstraZeneca and Pfizer.
Elias YaacoubAdvisorElias Yaacoub, AdvisorElias Yaacoub received the B.E. degree in Electrical Engineering from the Lebanese University in 2002, the M.E. degree in Computer and Communications Engineering from the American University of Beirut (AUB) in 2005, and the PhD degree in Electrical and Computer Engineering from AUB in 2010. He worked as a Research Assistant in the American University of Beirut from 2004 to 2005, and in the Munich University of Technology in Spring 2005.
Rizwan PatanAdvisorRizwan Patan, AdvisorRizwan Patan is a Teaching Cum Research Associate at School of Computer Science and Engineer ing, VIT University. Received the B.Tech. And M.Tech. Degrees in Computer Science and Engineering from the JNTU-A University in Andhra Pradesh, India in 2012 and 2014, respectively. Present doing Ph.D. in Computer Sciences and Engineering from the VIT University in Tamil Nadu, India.
Harry FoxwellAdvisorHarry Foxwell, AdvisorHarry Foxwell is an Associate Professor at the Volgenau School of Engineering, George Mason University, in Fairfax, Virginia. His earlier career includes serving as Principal System Engineer for the Oracle Corporation’s Public Sector Division.
Nishchol MishraAdvisorNishchol Mishra, AdvisorNishchol Mishra was born in Vidisha, India, in 1977. He received the B.E. degree in Computer Sci ence & Engineering from the Barkatullah University, Bhopal, India, in 2000, and the M.Tech. and Ph.D. degrees in Computer Science & Engineering from Rajiv Gandhi Proudyogiki Vishwavidyalaya (RGPV), Bhopal, India, in 2003 and 2014, respectively.
ICO Fund information
Hard Cap: $23 900 000 USD
Minimum goal: $2 000 000 USD
- Maximum amount of tokens issued: 10 000 000 EXX
- EXX token price (equivalent)* : $0,20 USD
- Start date: 2017/10/12
- End date: 2017/10/26
- Maximum amount of tokens issued: 73 000 000 EXX
- EXX token price (equivalent)* : $0,30 USD
- Start date: 2017/10/30
- End date: 2017/12/30
IBM Watson Block Chain
|Verifies two previous transactions with SHA-3 standard hashing algorithm||Verifies one previous transaction with SHA-2 standard hashing algorithm||Verifies two previous transaction with Kerl (based on Keccak) hashing algorithm|
|Does not require miners, but provides enough incentive for nodes to
encourage transactions through trust keys/ newly minted tokens and other rewards
|Requires miners to pass transactions||Does not require miners but provides little incentive to encourage nodes to issue transactions|
|Higher security to tackle quantum computer with large hash size (1024 bits)||Prone to attacks by quantum computers with small hash (256 bits)||High security to tackle quantum computer with enough hash size (384 bits)|
|Comes with a difficulty algorithm, dependent on approval variables (weight, depth, height etc.) for finding sites||Has no difficulty algorithm installed||Prepares transfer by generating bundle, finding and signing inputs|
|Difficulty is modified by a modifying factor so the tampering is made difficult||Has no modifying factor||Difficulty is modified by modifying factors (minWeightMagnitude, depth)|
|Provides a trust key to entities which remain an active part of the network to encourage research on to what company’s devices are more trustworthy||Comes with no technique to measure trust||Comes with a Coordinator running by the Iota Foundation, it's main purpose is to protect the network until it grows strong enough to sustain against a large scale attacks.|
|The digital clock on the network is synchronized||The digital clock is not synchronized but a median time system is implemented||Each transaction has a Timestamp after POW|
|Smaller number of tips on network by providing larger incentive for nodes to issue transactions (trust key, minted tokens)||Does not allow conflicting transactions (tips) on the network||Larger number of tips due to little incentive for nodes to stay on the network compared to Exxor|
|Can be used for a variety of different applications in the IoT industry and is very versatile for the future||Mainly designed to keep track of supply chains and keep a safe record for contracts||Can be used for the same applications as for Exxor in the meantime, but provides little merits to be used as a network for the future|
Verifies two previous transactions with SHA-3 standard hashing algorithm
Does not require miners, but provides enough incentive for nodes to encourage transactions through trust keys/ newly minted tokens and other rewards
Higher security to tackle quantum computer with large hash size (1024 bits)
Comes with a difficulty algorithm, dependent on approval variables (weight, depth, height etc.) for finding sites
Difficulty is modified by a modifying factor so the tampering is made difficult
Provides a trust key to entities which remain an active part of the network to encourage research on to what company’s devices are more trustworthy
The digital clock on the network is synchronized
Smaller number of tips on network by providing larger incentive for nodes to issue transactions (trust key, minted tokens)
Can be used for a variety of different applications in the IoT industry and is very versatile for the future
IBM Watson Block Chain
Verifies one previous transaction with SHA-2 standard hashing algorithm
Requires miners to pass transactions
Prone to attacks by quantum computers with small hash (256 bits)
Has no difficulty algorithm installed
Has no modifying factor
Comes with no technique to measure trust
The digital clock is not synchronized but a median time system is implemented
Does not allow conflicting transactions (tips) on the network
Mainly designed to keep track of supply chains and keep a safe record for contracts
Verifies two previous transaction with Kerl (based on Keccak) hashing algorithm
Does not require miners but provides little incentive to encourage nodes to issue transactions
High security to tackle quantum computer with enough hash size (384 bits)
Prepares transfer by generating bundle, finding and signing inputs.
Difficulty is modified by modifying factors (minWeightMagnitude, depth)
Comes with a Coordinator running by the Iota Foundation, it's main purpose is to protect the network until it grows strong enough to sustain against a large scale attacks.
Each transaction has a Timestamp after POW
Larger number of tips due to little incentive for nodes to stay on the network compared to Exxor
Can be used for the same applications as for Exxor in the meantime, but provides little merits to be used as a network for the future
Exxor core technology is Directed Acyclic Graphs (D.A.G). For Internet of Things, D.A.G. is much more effective than Blockchain.
D.A.G. vs Blockchain
0% even for microtransactions
Increase as it scales
Hardware & Electricity Resources
Increase as it scales
Currently the Bitcoin's transaction fees have reached $1 USD & it consumes electricity power that's worth more than $2 Billion USD annually