Galxe declares the launch of Identification Protocol, introducing an id infrastructure that focuses on consumer privateness, safety, and sovereignty.
Using Zero-Information Proofs (ZKP), the protocol lets customers management their digital id and personal knowledge throughout public verification situations. In keeping with the corporate’s weblog, Galxe Identification Protocol goals to empower customers with management over their digital id and personal knowledge.
The launch marks a brand new section in managing and sharing verifiable credentials throughout the web3 panorama. The protocol makes use of ZKP expertise to permit for the safe authentication of id with out compromising the privateness or integrity of private info.
To deal with challenges like Proof duplication, Galxe introduces an id dedication schema that enhances privateness and makes knowledge untraceable throughout on-chain verification processes.
🚨 Launch Alert: Galxe Identification Protocol Mainnet is right here. Rework the way you handle and share verifiable credentials throughout Web3. With our permissionless infrastructure and ZKP expertise, your digital id has by no means been safer or extra in your management.
Be taught extra 👉… pic.twitter.com/U4NdBR2yUK
— Galxe (@Galxe) April 11, 2024
You may additionally like: Uniswap nosedives 16% on information of Wells discover
The protocol simplifies the creation of recent credentials in a no-code atmosphere. It streamlines the credential issuance course of by means of an aggregation mechanism that enables for minting a Soulbound token.
The protocol’s framework helps varied purposes, together with the prevention of Sybil assaults, decentralized status and credit score techniques, a private knowledge market, safe id verification strategies, decentralized assessment techniques, and transferable achievement techniques. The flexibleness goals to boost the utility and worth of consumer achievements throughout totally different ecosystems.
Galxe, an organization within the web3 infrastructure and digital id community, helps this initiative with a set of merchandise that embody Galxe Quest, Galxe Passport, Galxe Rating, Galxe Compass, and Alva, selling the event of web3 purposes.
Learn extra: Demand seems to have outpaced issuance as Bitcoin halving nears
