Sylo enables support for Tezos on the back of Oya

By VARINDIA - 2020-12-04

Sylo enables support for Tezos on the back of Oya

Sylo has officially deployed wallet support for Tezos to their multi-chain wallet-messenger decentralised app, the Sylo Smart Wallet. This integration comes on the back of its recent launch of Oya, a robust, complete reimagining of the backend architecture that empowers users to participate in decentralisation.

 

A total realignment of the infrastructure underpinning the Sylo Network, the framework that supports fully decentralised apps like the Sylo Smart Wallet, the Oya launch is a culmination of multiple functionalities, centering around enabling users to operate Sylo Nodes. The outcome is a network that can scale to support millions of users, transactions, apps, and businesses.

 

Tezos integration by Sylo opens the door to a wealth of new opportunities across DeFi, dApps, fiat, and more, all underpinned by the power of the Tezos blockchain. “Baking”, which serves to validate “blocks” in the Tezos blockchain and ensures the stability and security of the network, is already in the pipeline, with additional Tezos-specific functionality to be delivered before the end of the year.

 

Sylo has long held the vision to democratize access to communication and financial capabilities, without sacrificing privacy, personal data, and user experience. Through the launch of Oya, these key tenets come to life. Users can now run and own a Sylo Node, providing communication and storage services on the Sylo Network to users via apps like the Sylo Smart Wallet. In time, the reward system will shift towards the full incentivization model as outlined in the Sylo Incentivisation whitepaper.

 

“It's been great working with the TZ APAC team. The Tezos integration and the Oya launch on the Sylo network fortify our commitment to provide a seamless user experience and we are excited about launching some further XTZ related features within Sylo this side of Christmas that we think the community is going to get a kick out of. Stay tuned,” says Dorian Johannink, Co-Founder of Sylo.

 

Additional benefits of the Oya launch functionality include the ability to run micro-networks, in which for example, a group of friends can all utilise one person’s Sylo Node, resulting in a mini ‘mesh’ style network that does not even require the support of the  Sylo Network to provide communication.

 

Post-Oya and the Tezos integration, the Sylo Network is literally unstoppable - it can now scale with ease and is not bound to any centralised nodes. All the Sylo-operated nodes could be removed and the Sylo Network would remain. Users are not bound to any specific node and can jump seamlessly to any other as necessary. In true Sylo fashion, simplicity and straightforwardness of user experience have been top priorities when designing all Sylo Node elements. 

 

Ben Jordan, Sylo Co-Founder, and Product Director, says, “We consider the Oya Launch the beginning of mainstream decentralisation. We’ve solved the hard issues of scalability, performance, and fair-reward in a decentralized setting, allowing developers to build apps with a real competitive advantage. We’re confident that the launch of Oya brings our vision of a future worth looking forward to, a whole lot closer and we’re really excited about what we can build on this robust new foundation.”


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