Introduce
With the development of increasingly advanced technology, we share our information with various objects via the Internet. Loss or leakage of information can severely affect the finances and reputation of the individual.
Network attacks are more sophisticated and sophisticated, which can lead to information loss. Therefore, it is very important to keep information safe and secure to keep users away from external criminals. And we're seeing XSL Labs implement new tools that enable an undestrable and decentralized digital identity. But through an ecosystem of alternative services and their interoperability, security is seamlessly integrated with all Web 3.0 solutions that are increasingly connected.
What is XSL Labs?
As far as the world of internet goes, your identity data is always under threat. Stored in a centralized database, they are vulnerable to exploitation by hackers and private companies without your knowledge. And by using an encrypted decentralized identifier, you have the right to say "no" to data theft. And you'll be able to secure your identity on the web and in apps. XSL Labs offers this solution thanks to the decentralized identifier, SDI, and offers grants to future developers looking to develop decentralized applications on their ecosystem.
Ecosystem
XSL Labswill offer a decentralized identifier called SDI, a distributed dApp store called a SYL Library, and a dApp that enables interoperability between ecosystem services called ONE. They will work as a single tool to make the user experience easier and more enjoyable.
Pulsar: Pulsar will be a distributed ledger that serves as the foundation for decentralized identifiers and the entire ecosystem of dApps and dApp extensions.
SDI: SDI will be a set of encrypted private data that can only be read by the user. It will be used in the SYL ecosystem and will be interoperable with other web 3.0 systems.
SYL Library: SYL Library will be a dApps store and dApp extension. This will ensure quality of service and comply with the GDPR. All services offered in the SYL Library will use SDI as a guarantee of trust.
One: ONE will be a distributed application that enables SDI management, SYL wallet management, integration of services from the ecosystem, and control of interactions with other users.
Token
Token symbol: SYL
Supply: 10,000,000,000 SYL
CURRENT STAGE: $ 0.002 per SYL (3,000,000,000 available at this price)
NEXT PHASE: 0.003 $ SYL (3,000,000,000 available at this price)
SYL is designed to allow:
Transfer value
Buy and subscribe to services
Smart Contract Execution
As the project says, the SYL token will become a vehicle for exchange, purchase of services and execution of smart contracts in the SYL Ecosystem. As a result, the value of the assets will depend on the number of services and costs, the number of assets in circulation, the speed of the ecosystem, and the supply / demand in speculative markets. And XSL Labs also notes that even if XSL Labs disappears, the ecosystem will continue to grow independently and function permanently, provided by players on the network. This is possible due to the decentralized nature of the network and the lack of a single centralized decision maker. Through this “Tokenomics”, we can understand that all players in the ecosystem will have an impact on the price of an asset through their various services.
Conclusion
This brings interest to this project, I see that the demand for crypto is increasing, and we are working on this space, the solutions that this project built and targeted are great. With a community and decentralized perspective, every service developer in the SYL ecosystem must have a node on the network and thus be a Pulsar delegate. The consensus mechanism will enable awarding of delegates. These benefits will come directly from network fees.
Hopefully through this article you get clearer information and understand about this project, thank you for seeing and reading the article.
To get more information about this project, you can visit their official link below:
Website: https://www.xsl-labs.io/en/
Whitepaper: https://www.xsl-labs.io/whitepaper/white_paper_en.pdf
Telegram: https://t.me/xsl_labs_official
Facebook: https://www.facebook.com/XSL.Labs/
Twitter: https://twitter.com/XSL_Labs
Overview video:
ANN: https://bitcointalk.org/index.php?topic=5286638
Bounty: https://bitcointalk.org/index.php?topic=5286866
Author: Rovega
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2878895
Wallet Address: 0x2deF7B0A6dd50F7fE8c8BCA9e2E3b1f27510c26E