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.
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.
The potential use cases for Sylo include:
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:
Sylo has developed from a communication platform to a comprehensive ecosystem, gaining market presence with listings on major exchanges and partnerships with notable projects.