Galxe pronounces the launch of Id Protocol, introducing an id infrastructure that focuses on person privateness, safety, and sovereignty.
Using Zero-Data Proofs (ZKP), the protocol lets customers management their digital id and personal information throughout public verification eventualities. In response to the corporate’s weblog, Galxe Id Protocol goals to empower customers with management over their digital id and personal information.
The launch marks a brand new section in managing and sharing verifiable credentials throughout the web3 panorama. The protocol makes use of ZKP know-how to permit for the safe authentication of id with out compromising the privateness or integrity of non-public info.
To handle challenges like Proof duplication, Galxe introduces an id dedication schema that enhances privateness and makes information untraceable throughout on-chain verification processes.
🚨 Launch Alert: Galxe Id Protocol Mainnet is right here. Rework the way you handle and share verifiable credentials throughout Web3. With our permissionless infrastructure and ZKP know-how, your digital id has by no means been safer or extra in your management.
Study extra 👉… pic.twitter.com/U4NdBR2yUK
— Galxe (@Galxe) April 11, 2024
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The protocol simplifies the creation of recent credentials in a no-code setting. It streamlines the credential issuance course of by way of an aggregation mechanism that permits 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 information market, safe id verification strategies, decentralized assessment techniques, and transferable achievement techniques. The flexibleness goals to reinforce the utility and worth of person achievements throughout totally different ecosystems.
Galxe, an organization within the web3 infrastructure and digital id community, helps this initiative with a collection of merchandise that embody Galxe Quest, Galxe Passport, Galxe Rating, Galxe Compass, and Alva, selling the event of web3 purposes.
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