At its core, it is allowing Web 3.0 accounts to communicate with each other without the need for centralised apps such as Whatsapp or Messenger. The data and communication focused network is a layer-2 solution on the Ethereum blockchain. It is building an ecosystem of products that allow decentralised communication in this new era. Sylo was developed to avoid “another network of walled gardens”. Web 3.0 is looking to separate itself from its predecessor by prioritising a decentralised and community approach. While it has not been smooth sailing for the cryptocurrency, a recent rally has given forecasters hope over its future. This is made possible through its SYLO token, which rewards independent parties for running the network. Sylo was founded for a similar reason, to allow communication and data sharing without any centralised party. Don’t forget to rate and leave Sylo a review.Sylo is a decentralised network that is allowing users to communicate and share data – Photo: Nadia Snopek/ShutterstockĬryptocurrencies were created to avoid the middleman, with a focus on financial transactions. You can share your thoughts and experiences about Sylo on the comment section below. Make personal research on the coin, visit coin’s official website.įollow our blog to learn about coin legitimacy. The project will succeed but depends if the team keeps the vision active and alive. Sylo token has a formidable team and vision to backup their digital assets and project. Is Sylo Safe?īeing willing to invest in any token is a question entirely up to you to answer. Going through their community and roadmap about their project, their visions and aims have so far been achieved. You expect some level of transparency and professionalism from a project or the team that is asking for your money.Īccording to research and reviews, Sylo have developed a problem solver but with a weak back up for the token they produce. Multiple issues with its synchronizations between ledgersĪ cryptocurrency project requires you to part with your hard earned cash in order for you to become successful.The coin is still under research and development.A lot of investors are ‘flocking’ to invest.
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