The Era which we belong to is unequivocally the era of advanced technology. Moreover, with every passing day, month & year, our lifestyle is changing to the larger extent, especially the way we communicate with others. Let's think about the late 90's when telephones used to be the mode of communication, then they replaced the more prevalent way of communication i.e. 'Letters' at that time. After that at the start of the 21st-century former one is substituted by portable mobile phones followed by smartphones in current time.
Nowadays every sector is adopting a decentralized platform since it's secure, private & most importantly not involves the third party or utilize in a concerted manner.
Let's talk about such Decentralized platform which will bring 'Virtual Communications' on the blockchain.
What is SYLO Project?
Sylo protocol is a decentralized communication protocol that provides a peer-to-peer (P2P) secure & top notch connectivity b/w users & connected Applications on the #Sylo network.
Note- A Connected Application is an independent application uses the only #Sylo protocol in the #Sylo ecosystem.
Currently, the communication channels on #Sylo Protocol are already in use within the Sylo app. It is the peer-to-peer communication application for private messaging, voice calling & video calling. You can download the app from the app store for iOS & from Google Play for Android users.
By using P2P protocol users can interact with their peer confidentially & exchange the data over the network.
The Sylo Technology
#Sylo uses the client-side Application programme Interface(API) that ensures the third party applications to confidentially perform the communication functions with other users over the network.
The main features described below..
1- Decentralized confidential communication -
A- Throughh P2P connection
B- Messaging & push notifications
2- Data transfer Functions -
Data transfer will be done securely with Decentralized storage
3- Sylo Signalling
Decentralized Signalling will be used to establish the encrypted P2P connections on demand. All communications will be end-to-end encrypted.
#Sylo signalling will be used to allow the user to send a message & start a conversion with its peer for reliable communication.
THE SYLO APP
As I mentioned above the #Sylo app is the Decentralized communication application for calling & messaging on the #Sylo protocol. It'll be the first app which is built on #blockchain based #Sylo protocol.
Main Features Of SYLO APP
• Profile Management
• Confidential Communication
• Decentralised Address Book
• Decentralised Storage
• Connected Applications ( DApps)
• Token Wallet
THE SYLO TOKENS (SYLOs)
Sylo Protocol will be fueled by #Sylo tokens i.e. #SYLOs which can be utilized by #Sylo protocol on the blockchain for,
• Connection Establishment
• Storage
• Communication Charging ( Fee)
• Profile & address book management
Also SYLOs will be used within Sylo application.
• Access Connected applications
• Fee payment
• Purchasing Decentralized Services
TOKEN DYNAMICS
#Sylo's Token economy can be understood by the following flowchart.
TOKEN ALLOCATION
The Team & Developers have been allocated 1,000,000,000 SYLOs which incentivizes the Sylo ecosystem. 2,500,000,000 SYLOs will be retained by the issuer & will be released as required to fund growth of the platform.
For getting the Latest & genuine News about Cryptocurencies follow the given Link:
http://www.cryptomorrow.com/category/masternodes/
For more Info visit...
Website: https://sylo.io
White paper Link: https://sylo.io/downloads/whitepaper_en.pdf
Article By- Sumit Bisht
