### What is Sylo?

Sylo is a decentralised communication and data exchange network that powers interoperability for assets and users. It enables end-to-end encrypted communication without reliance on centralised parties. The network allows for private communication, storage, and micro-payments, supported by layer 2 micropayments and the SYLO token.

### How does Sylo work?

Sylo operates as a decentralised communication and data exchange network, utilising a layer 2 micropayments infrastructure along with the SYLO token. It is built on the Ethereum blockchain and employs a staking architecture for minimal transaction fees and scalability. Users can take advantage of user-run Service Peers that provide network infrastructure, allowing developers and businesses to run privacy-first applications without their own infrastructure. Sylo integrates smart contracts to facilitate decentralised communication and data exchange.

### What are the potential use cases for Sylo?

The potential use cases for Sylo include:

- Decentralised communication for NFT communities and DAOs.
- Private messaging and file sharing.
- Audio and video calls.
- Payment and transaction capabilities.
- Connecting digital worlds and enabling seamless interaction across the Metaverse.
- Integrating chat, call, and payment features in Web3 wallets.
- Providing decentralised, secure communication tools for various protocols.

### What is the history of Sylo?

Sylo was founded in 2010 by an international software development house with a focus on decentralisation. Key team members include Dorian Johannink and Ben Jordan. Significant milestones in its history include:

- 2017: Sylo launched on the Ethereum platform.
- 2018: Conducted an ICO to raise funds for the project.
- 2020: Released the Sylo Smart Wallet and launched Oya, a new architecture for decentralisation.
- 2021: Partnered with Tezos Baking and achieved listing on Bittrex exchange.
- 2022: Listed on Coinbase.

Sylo has developed from a communication platform to a comprehensive ecosystem, gaining market presence with listings on major exchanges and partnerships with notable projects.

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