Sylo is a decentralized communication and data exchange network that operates on a layer 2 micropayments infrastructure and is powered by the $SYLO token. It is a user-run service that provides infrastructure to the network, enabling developers and businesses to run privacy-first, unstoppable apps without deploying any infrastructure of their own. Sylo aims to ensure minimal transaction fees and enhanced scalability through a unique staking architecture and probabilistic ticketing solution. The network's scalability is demonstrated in its flagship app, the Sylo Smart Wallet, which serves as a decentralized, private messenger and crypto wallet.

Sylo operates through a node network where any wallet address can communicate with any other wallet address, NFT owner, or Smart Contract participant without any reliance on a centralized party. The Sylo Network is decentralized and end-to-end encrypted, ensuring secure and private communication. The network also supports multi-chain, non-custodial, NFT integrated, communications empowered web3 wallet. This allows users to send/receive messages and notifications, make audio and video calls, send/receive funds, buy and store NFTs, BTC, ETH, XTZ, CENNZ, and all ERC-20 digital assets in a non-custodial blockchain wallet.

Sylo has a range of potential use cases. It can be used to connect digital worlds and allow people to communicate across the Metaverse. It can also be used for Web3 wallets to chat, call, pay, and broadcast to other NFTs and projects. Sylo can also be utilized by communities, providing decentralized, trustless, private communication tools that live as long as your NFT Community, your DAO, or your Protocol. Furthermore, Sylo can enable creators and fans to interact with privilege-granting NFTs and unlock messaging, voice, and video - wallet address to wallet address.

Sylo was established in 2010 as a software development entity. The company is committed to decentralization and is the core developer of the Sylo Network, Sylo Protocol, and Sylo Smart Wallet. The Sylo core team has a background in computer science, development, and user experience, along with business experience. Over the years, Sylo has expanded to include a team of advisors with knowledge in various fields.

The Sylo Smart Wallet is a digital application designed to facilitate the use of cryptocurrencies. It supports multiple blockchains including Bitcoin, Tezos, Ethereum, and CENNZnet, with the intention of enabling users to manage multiple digital wallets from one place. The wallet has a feature that enables users to send and receive cryptocurrencies directly in chat, which is intended to reduce the need to remember long wallet addresses. In addition to its cryptocurrency features, the Sylo Smart Wallet has features for decentralized private messaging and audio/video calling, powered by the Sylo Network. The wallet is designed with a focus on user privacy and security, with features such as no requirement for user accounts, email addresses, or phone numbers, and a unique secret phrase login. The wallet has a feature that enables users to purchase cryptocurrencies directly within the app using their Visa, Mastercard, or instant bank transfer. The Sylo Smart Wallet is designed with the intention of facilitating access to crypto technologies for a wide range of users, from beginners to experts.

The Sylo Protocol is a decentralized toolkit designed for building messaging applications on the Sylo Network. It aims to provide a high level of security and confidentiality by operating in a peer-to-peer setting, eliminating the need for any centralized architecture. The protocol is designed to provide a comparable experience to traditional communication platforms. It strives to incorporate a variety of features, aiming to meet user expectations for a centralized group secure messaging protocol, while providing a decentralized, peer-to-peer experience. The Sylo Protocol is designed with fault management considerations, with fault management mechanisms built into its core. It is designed to operate under various network conditions, scheduling state-changing operations for eventual delivery if network conditions are poor.

The Sylo Decentralized Autonomous Organization (DAO) is a component of the Sylo network, functioning as a self-governing entity with no central authority. It operates based on a set of predefined rules enforced on a blockchain. The Sylo DAO is managed collectively by its members, who make decisions through a voting process. This democratic approach allows for a bottom-up management style, where power is distributed across token holders. The Sylo DAO's primary role is to facilitate fully decentralized, encrypted messaging, calling, and data storage. It seeks to facilitate oversight and management of the network, similar to a corporation, but without a central authority. The collective group of leaders and participants act as the governing body. The Sylo DAO has a role in the network's security, as it aims to ensure that actions and decisions within the network are intended to be transparent and publicly viewable on the blockchain.

The Sylo Identity system is a decentralized communication and storage network that is designed to support secure and private interactions for users. It uses end-to-end encryption for all messages, voice calls, video calls, and file transfers, with the intention that only the intended recipients can access the content. The Sylo Identity system employs the Signal Protocol for chat messages, which is an open-source cryptographic protocol that provides confidentiality, integrity, authentication, and other security features. File transfers also use the Signal Protocol, while real-time voice and video communication is facilitated through the WebRTC open-source library. The system also uses the Ed25519 public-key pair scheme for general messaging signing. Sylo's approach to privacy is based on the principle that only the user owns their keys, chats, contacts, cloud files, and dApps. The Sylo Network is designed to enable users' devices to connect directly (peer-to-peer) whenever possible, reducing the dependency on a 'middle man'. This system is designed with the intention of providing privacy and security for users.

Sylo addresses scalability and transaction speed within its network through a decentralized communication infrastructure powered by a multitude of Seeker Nodes run by independent users. These nodes facilitate private, fully decentralized communication services, independent of centralized control. Users are incentivized through the Sylo token, which is allocated to their devices for providing communication services to the network. Sylo introduces probabilistic micropayments, staking mechanisms, and incentivizes "Event Relay" to create an uninterrupted and privacy-focused communication layer for users and applications. The decentralized nature of Sylo ensures that communication remains private, transparent, and independent of a centralized server architecture. This approach allows the Sylo network to expand its capacity and allows non-monetary exchanges to be made for extremely granular levels of service.