• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
  • Disclaimer
Saturday, December 20, 2025
CryptoBangs.com
Advertisement
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Altcoin
    • NFT News
  • DeFi
  • Blockchain
  • Regulation
  • Shop
  • Blog
  • Calculator
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Altcoin
    • NFT News
  • DeFi
  • Blockchain
  • Regulation
  • Shop
  • Blog
  • Calculator
No Result
View All Result
CryptoBangs.com
No Result
View All Result

Polygon open-sources its Web3 ID solution

March 2, 2023
in Altcoin1
Reading Time: 2 mins read
A A
Polygon open-sources its Web3 ID solution
ShareShareShareShareShare

Related articles

Bloomberg analysts point to 8-day window beginning Nov. 9 in which several spot Bitcoin ETFs could see approval

Bloomberg analysts point to 8-day window beginning Nov. 9 in which several spot Bitcoin ETFs could see approval

November 8, 2023
Binance unveils self-custody web3 wallet

Binance unveils self-custody web3 wallet

November 8, 2023

Ad

Bitget

Polygon Labs announced that it has open-sourced its Web3 ID solution, as indicated in a blog post from the company on March 1.

Polygon initially announced the suite of tools in March 2022 and released it over course of the year. The toolset allows developers to leverage zero-knowledge proofs (or zk-proofs) to manage user credentials and identity in a private manner.

Though the toolset was previously available in a more limited way, today’s open-source release makes the suite “fully self-service,” according to Polygon. As of today, anyone who uses the toolset can act as an issuer or holder of Web3 identities.

Notably, the toolset allows developers to use off-chain data (such as government IDs, driver’s licenses, and similar documents) for on-chain verification.

This means that Polygon’s ID tools will be useful for a wider variety of organizations and applicable in a greater number of circumstances. Polygon highlighted the fact that its ID toolset can be applied in KYC verification, e-commerce, passwordless login, portable game registrations, undercollateralized lending, and DAO administration.

The company also noted that the public release introduces four new tools aimed at ID verifiers, ID issuers, wallet builders, and developers respectively.

Polygon named nineteen projects — including the popular blockchain game The Sandbox — that are already making use of its ID toolset.

Several other crypto-related projects are working on separate decentralized identity toolkits. Those efforts include Jack Dorsey’s “Web5” project, Microsoft’s ION ID system for Bitcoin, and Circle’s Verite ID system for Ethereum.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Whale Dumps NFTs to Gain Edge in Blur Airdrop

Next Post

Binance Unveils New AI NFT Platform

Related Posts

Bloomberg analysts point to 8-day window beginning Nov. 9 in which several spot Bitcoin ETFs could see approval

Bloomberg analysts point to 8-day window beginning Nov. 9 in which several spot Bitcoin ETFs could see approval

November 8, 2023

Bloomberg ETF analysts James Seyffart and Eric Balchunas posted a research note on Nov. 8 suggesting that an upcoming 8-day...

Binance unveils self-custody web3 wallet

Binance unveils self-custody web3 wallet

November 8, 2023

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›Connected to AlphaWelcome!...

Bitcoin defies market trends with 27% rise during geopolitical tensions

Bitcoin defies market trends with 27% rise during geopolitical tensions

November 8, 2023

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›Connected to AlphaWelcome!...

Founder who suffered eye damage at Bored Ape Yacht Club event sends ‘formal legal notice’ to Yuga Labs

Founder who suffered eye damage at Bored Ape Yacht Club event sends ‘formal legal notice’ to Yuga Labs

November 7, 2023

A founder who attended Yuga Labs’ recent Ape Fest in Hong Kong has sent legal notice to the company after...

IBM invests $500M into AI venture fund

IBM invests $500M into AI venture fund

November 7, 2023

IBM has recently launched a $500 million venture fund dedicated to enterprise AI. The fund, according to a press release,...

Load More
Next Post
Binance Unveils New AI NFT Platform

Binance Unveils New AI NFT Platform

No Content Available
CryptoBangs.com

CryptoBangs.com is an online news portal that aims to share the latest crypto news, bitcoin, altcoin, blockchain, nft news and much more stuff like that.

What’s New Here!

  • Tucker Carlson and Roger Ver Reveal Shocking Details About US Extradition Battle and Bitcoin in Exclusive TCN Interview
  • Goldman Sachs eyeing crypto market-making for Bitcoin, Ethereum if US regulations shift
  • BC.GAME Announces UFC Welterweight Champion Colby Covington as New Brand Ambassador
  • How High Will Dogecoin Rise If the Markets ‘Go Wild’?

Newsletter

Don't miss a beat and stay up to date with our Newsletter!
Loading

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
  • Disclaimer

© 2023 - CryptoBangs.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Altcoin
    • NFT News
  • DeFi
  • Blockchain
  • Regulation
  • Shop
  • Blog
  • Calculator

© 2018 JNews by Jegtheme.

Please enter CoinGecko Free Api Key to get this plugin works.
WP Twitter Auto Publish Powered By : XYZScripts.com