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Auckland, New Zealand, December 4, 2020 (GLOBE NEWSWIRE) – (via Blockchain Wire) Sylo, a software development company based in New Zealand, has implemented wallet support for the Tezos public blockchain in its decentralized messaging-wallet app multi-chain, Sylo Smart Wallet, which currently boasts over 250,000 users worldwide. Blockchain support company Tezos TZ APAC is recommending their technical integration of Tezos to Sylo, to enhance their developer experience and increase the adoption of the Sylo portfolio in relation to Tezos in the Asia Pacific region.
The wide adoption of cryptocurrency wallets by individuals, startups, and SMEs globally has helped spur market demand for dApp wallets, such as Sylo Smart Wallet. According to Statista, the number of users of the cryptocurrency wallet has increased rapidly since 2016, from 8.95 million to 54.27 million in 2020.
Major public blockchains like Ethereum and Tezos provide a platform for dApp developers like Sylo to build user-controlled, censorship-resistant applications on a distributed network, beyond the purview of a single authority. In the integration process, the Sylo team touted the high-quality development experience resulting from the creation of Tezos, especially with respect to Ethereum. The relative ease with which this integration was made is a key sign that Tezos is a prime choice for those looking to build powerful dApps.
“We have received feedback from Asia-based developers on our mission to make technical implementations on Tezos easier, more cost-effective and user-friendly for developers, which is exactly what we are working on,” says David Shin. , Head of TZ APAC.
“Interacting with the Tezos blockchain is fast and solid and we were really impressed with the overall experience. For our developers, it was a seamless integration compared to what we had to deal with our other integrations – all documentation is concise. and well organized, their libraries are feature-packed and we didn’t have to deal with fluctuating network rates, unreliable APIs, portfolio compatibility issues, and legacy support for legacy features, ”says Josip Matijevic, Sylo’s Senior Developer.
The decision to integrate Tezos is the latest high-profile collaboration Sylo has undertaken to bring value to its growing user base, which now covers more than 70 countries.
As of today, the Tezos functionality is officially available within Sylo Smart Wallet, supported by the recent launch of Oya on Sylo, a triple feature that includes user managed nodes, speed parity with major centralized messengers and XTZ integration. in the Sylo messaging framework.
A next-generation app, Sylo Smart Wallet elegantly combines a digital asset wallet with a decentralized private messenger. The app allows users to request and receive payments in chat, store and interact with digital assets such as BTC, XTZ or any ERC-20 compatible token such as SYLO, in an unsecured wallet, use a Web3 Ethereum dApp browser and pay using cryptocurrency in the real world.
“It was great to work with the TZ APAC team and their support throughout the development process was greatly appreciated. We are also excited to roll out some other XTZ related features within Sylo this side of Christmas that we think the community will enjoy. Stay tuned, ”says Dorian Johannink, co-founder of Sylo.
Sylo’s decision to integrate Tezos opens the door to a wide range of new opportunities through DeFi, dApps, fiat and more, all backed by the power of the Tezos blockchain. The “Baking”, which serves to validate the “blocks” in the Tezos blockchain and ensure the stability and security of the network, is already in the works, with additional Tezos-specific functionality to be provided later this year.
ENDS
WHO WE ARE
Sylo is an international software development house founded in 2010. Committed to decentralization, they are the primary developers of Sylo Network, Sylo Protocol and Sylo Smart Wallet.
For more announcements, follow Sylo on Twitter, Medium or visit www.sylo.io.
Download Sylo Smart Wallet from Google Play or the Apple App Stores.
INFORMATION ABOUT TZ APAC
TZ APAC Pte. Ltd. (“TZ APAC”) is an Asia-based public blockchain consulting firm focused on the Tezos ecosystem making a strategic impact in Asia. TZ APAC designs value-added blockchain transformation strategies for businesses and startups with a bottom-up approach, working closely with blockchain experts and other stakeholders in the Tezos ecosystem to ensure that each strategy is integrated with excellence in the ‘execution for the alignment of corporate objectives with team management. TZ APAC is supported by the Tezos Foundation and is based in Singapore.
About Tezos
Tezos is a decentralized public blockchain that evolves by updating itself. The stakeholders of the Tezos network vote on the amendments to the protocol to reach social consensus on the proposals, creating a safe and organic update mechanism. The protocol’s on-chain governance system, its Proof-of-Stake (PoS) -based consensus algorithm, and its ability to facilitate formal verification of smart contracts, make Tezos an ideal long-term solution for financial applications. high value. Learn more about Tezos at https://tezos.com.
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