Getting close to @Polkadot and @kusamanetwork parachain launch by @web3foundation, we check why #parachains need @Kiltprotocol and how ones can benefit from #KILT beeing a #Polkadot and #Kusama parachain.

link.medium.com/mXZl0AK5Beb
#KILT provides a base layer for verifiable credentials in Web 3.0 world, building a permissionless trust infrastructure for real-world business cases like #DeFi, genetics testing, cloud computing and energy partnerships, also exploring collaborations in climate change and gaming
As parachain Kilt would provide its #DIDs (Decentralised Identifiers) and Verifiable Credentials through Relay Chain to other parachains

KILT would soon be able to utilise functionality from other parachains, such as smart contract systems and oracles.

link.medium.com/kjWnWTa6Beb
Following the model used by #Kusama and #Polkadot, in order to achieve decentralisation @Kiltprotocol is set out to become a Nominated Proof-of-Stake (NPoS) network.

link.medium.com/XPvnHwG6Beb
Consensus in the system (agreement on the information on the #KILT blockchain) will be achieved by collators who produce “blocks” of data on #KILT and pass it to the validators in Kusama/Polkadot, who then pass the information to the Relay Chain.
These collators will be backed by nominators — Kilt token holders who trust the collators and use their #KILT tokens to back them

For this system to work, a way to incentivise the collators and nominators needs to be built into the system, similar to that used by $KSM and $DOT
Being part of the #Kusama network also enables highly secure interactions between the #KILT blockchain and other parachain projects on Kusama and, when a connecting bridge is enabled, also to #Polkadot projects.
This is valuable feature, because it puts #KILT functionality in the center of the most promising blockchain ecosystem to date. It makes KILT Credentials and #DIDs easily available for an increasing number of highly valued projects, which will greatly increase the usage of KILT
@Kiltprotocol aims to secure one of the early parachain slots on #Kusama, so that functionality will be available for other parachains projects at the earliest possible time.

link.medium.com/eYNInPp7Beb
#BOTLabs (the company behind KILT Protocol) and @purestakeco (the company developing the @MoonbeamNetwork smart contract platform) will work together on #Polimec (@Polkadot Liquidity Mechanism).

link.medium.com/eivJOIB7Beb
#Polimec allows the issuance and transfer of multiple cryptocurrencies directly on a dedicated blockchain. The Polimec blockchain (like @Polkadot @kusamanetwork @Kiltprotocol and many others) is built with Parity’s @substrate_io framework

link.medium.com/RsUshQJ7Beb
@Kiltprotocol is an open-source protocol for Credential systems where data take the shape of Credentials (certificates) that attest to certain attributes about an entity

link.medium.com/uyTmPa97Beb

@web3foundation @Polkadot @kusamanetwork @Kiltprotocol @ParityTech @substrate_io

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More from @stakenode_dev

14 Mar
You have an awesome collection of cool #NFTs, but you can only boast a cat by showing tokens on the laptop screen?

Upload #NFT to the @arconametaverse AR Gallery to show your NFT collections at Reality World.
The first #NFT exhibition for residents of the real world opened on #ArconaDigitalLands. The gallery includes the stunning tokens of one of our first Land Lords - #CryptoPunks, #Hashmask and #ChromieSquiggle from the Art Blocks platform.
Now the best exhibits of this crypto - collections appeared in the real world. They can be admired around the world by everyone who visits @arconametaverse, and can buy it if the owner is ready to part with digital masterpieces.
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@anchor_protocol - The Reliable Savings Protocol.

@anchor_protocol is a savings vehicle built on the Terra blockchain that provides a benchmark interest rate for #DeFi

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@terra_money @Polkadot @cosmos @solana
#Anchor yield is powered by steady staking rewards from multiple #PoS blockchains, offering attractive, low-volatile interest rates on stablecoin deposits

anchorprotocol.com/docs/anchor-v1…

#ANCHOR is the reference interest rate across the universe of blockchains

The initial governance for this platform will come from the Interchain Asset Association (IAA), a newly formed organization that sees Zaki Manian of Cosmos, Jack Platts of the Web3 Foundation, and Do Kwon of Terraform Labs collectively steering the ship.

cointelegraph.com/news/3-big-blo…
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