Sylo Feed: Events, News & Roadmap
Sylo Events on the Chart
What is Sylo?
Sylo is a decentralized communication and data exchange network that operates on a layer 2 micropayments infrastructure, utilizing the SYLO token. It allows developers and businesses to run privacy-centric, unstoppable applications without needing their own infrastructure. This is enabled by user-run Service Peers that provide the necessary network infrastructure.
The network’s functionality includes a staking architecture and a probabilistic ticketing solution for minimal transaction fees and high scalability, showcased in the Sylo Smart Wallet, a decentralized messenger and crypto wallet. Sylo is part of The Root Network, facilitating interoperability in the metaverse and acting as an infrastructure layer for data. It includes the decentralized Seeker Network and Sylo Graph protocol, working with FuturePass digital identity for secure information storage and sharing. It also features a decentralized social graph for building connections across the metaverse and an Asset Register for decentralized data about owned items.
The SYLO token is central to the ecosystem, used for staking in metaverse services and as a reward for contributors to the network. It enables access to services on the network and provides rewards for network contributions. SYLO is traded on various top-tier exchanges, enhancing its accessibility and utility within the Sylo ecosystem.