Galxe publicizes the launch of Id Protocol, introducing an identification infrastructure that focuses on person privateness, safety, and sovereignty.
Using Zero-Data Proofs (ZKP), the protocol lets customers management their digital identification and personal knowledge throughout public verification eventualities. In keeping with the corporate’s weblog, Galxe Id Protocol goals to empower customers with management over their digital identification 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 know-how to permit for the safe authentication of identification with out compromising the privateness or integrity of non-public data.
To handle challenges like Proof duplication, Galxe introduces an identification dedication schema that enhances privateness and makes knowledge 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 identification has by no means been safer or extra in your management.
Be taught 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 means of an aggregation mechanism that enables for minting a Soulbound token.
The protocol’s framework helps varied functions, together with the prevention of Sybil assaults, decentralized repute and credit score programs, a private knowledge market, safe identification verification strategies, decentralized assessment programs, and transferable achievement programs. The pliability goals to reinforce the utility and worth of person achievements throughout completely different ecosystems.
Galxe, an organization within the web3 infrastructure and digital identification 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 functions.
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