Sylo Token [ Decentralised communication network, protocol and ecosystem]

ship1 (7)in #cryptocurrency • 6 years ago

"Sylo" is a decentralised communication network, protocol and ecosystem powered by the SYLO token. Sylo is also an application that brings together crypto-payments, user communication, and a marketplace of DApps which all utilise Sylo for communication and storage.

The "Sylo" Protocol provides confidential communication as a utility to the Sylo Confidential Communication App. The protocol acts as the confidential networking layer for the Sylo App, creating P2P connections and providing a way for users to interact and exchange data confidentially.

The "Sylo" main token (SYLO) will be a utility token used to access and fuel the Sylo Protocol in a fully decentralised, blockchain context. SYLOs will be required to access the Sylo Protocol, and to enable real-time communication (video, voice, messaging, data streaming), charged communications, and for decentralised storage, profile and address book management.

The sylo token will be to the benefit of the customers with the end goal that it very well may be used as an apparatus to get to the friendly administration by this digitalized framework that gives the best correspondence as far as calls, video calls, and voice calling.

Sylo Protocol Pte. Limited is an established software company with an experienced software development team that currently has a working off-chain encrypted communications app available in major app stores. This also gives it an existing client base that can come over to the new platform. The dApp version of this product is now in closed alpha testing. The company plans to adopt uniform data formats in order to make it easier to integrate Connected dApps.

Sylo Technology

The Sylo Protocol is made up of client-oriented APIs and services that affords Connected Applications to privately undertake communication role alongside other participants on the ecosystem. The decentralized parts of the Sylo Protocol will be executed by two shared services allowing private communication and data sharing role between several wallet address.

The first one is decentralized signalling with peer-to-peer linking as requested. The connections are private and every connections are end-to-end encoded moving from a peer to the other. For asynchronous linkage, the Sylo Protocol is utilized to dependably shared mobile data with alternative persistent saving on Sylo disaggregated storage platform.

The Sylo App and its ecosystem.

The Sylo Protocol works by setting up encrypted peer-to-peer connections between its users, enabling communications through text, audio and video messages. This service will be moved to a blockchain and augmented with a decentralised data storage functionality that could be used to store their chat history as well as other user content. Users will be able to provide access to their stored content as they please. Accessing those functions will require the use of SYLO tokens, which would be used to compensate the nodes that support the system. It will also be possible for users to charge SYLOs for calls (for instance, for professional consultations) or for access to their content.

The Sylo App

The Sylo App is to become the decentralised communication and calling application built on the Sylo Protocol. The Sylo Application will be the first application built on the blockchain- based Sylo Protocol, and will use technology already commercialised in the Sylo Application which is currently available from the App Store and the Google Play Store.

Token Wallet

Sylo contains a token wallet where Plug tokens, Ether, and ERC20 tokens can be stored and sent. The Sylo Wallet doubles as a business directory for Connected Applications. From here, users can browse other DApps, purchase and trade tokens and move from one application to another with a single action.

Sylo is building a decentralized correspondence biological community where individuals can do informing, voice calling and video calling and furthermore have the independence over their discussion. This thoughts are conceivable in light of the fact that it was based on Sylo convention which fills in as a powerful apparatuses for correspondence which acknowledge cryptographic money as trade for calling or informing.