Polygon ID is live 🔥

Today, we’re announcing the launch of the first Polygon ID integration:

@0xPolygonID x @0xPolygonDAO!

Polygon ID is a self-sovereign identity solution powered by ZK cryptography that brings huge potential for DAO governance.

Read on! 🧵

[1/10]
#PolygonID flips the Internet's trust model.

Too often, we’re forced to trade data for access to the most basic of services on the web.

Instead, platforms should be asking us about private information we control.

[2/10] ImageImageImage
#PolygonID puts users in complete control of their data.

With ID, you don’t need to selectively disclose any info about yourself. The platforms you use check proofs about your identity.

They never see what was used to generate those proofs.

[3/10] Image
How Does it work?

ID is built using ZK proofs so you can prove who you say you are without revealing any personal info.

It combines the @identhree protocol and #CircomZK toolkit to create the most powerful application of ZK technology that can run on a mobile device.

[4/10]
DAOs + Polygon ID 📜

🧾 Old blockchain based voting systems link voting behavior to public identifiers like wallets.

#PolygonID lets DAOs allow only those that have received valid attestations to participate in voting. Once verified, activity is completely private.

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#PolygonID also creates the possibility for fully-private & verifiable reputation building. Anyone adding value to a DAO can be rewarded with claims for their work.

Those claims can then serve as a basis for financial incentive and decision-making powers within the DAO.

[6/10]
Live Today📆

An open-source voting module using #PolygonID on @grailxyz. Users can participate in 1 human = 1 vote @0xPolygonDAO governance with ID issued claims.

Coming Soon👀

On-chain recording of votes to make smart contract execution in a ZK environment a reality.

[7/10]
To summarize, #PolygonID enables:

1️⃣ Anonymous, credentialed voting
2️⃣ Private proof of personhood
3️⃣ Private reputation building

[8/10]

Read more below 👇
bit.ly/Launch-Polygon…
Try out #PolygonID today!

➡️ Use the ID App to vote on the @grailxyz roadmap (web only): app.ongrail.xyz/proposal/62b2c…

➡️ Submit your project to the DAO Vote for the Bounty contest (votes cast using Polygon ID): forum.polygon.technology/t/vote-for-the…

Android (Live), iOS (Coming soon, days)

[9/10]
Also, this is an application of brand new technology.

ZK + DAOs has never been done before!

The governance changes are a work in progress, and we'd love any feedback from the community.

If you have any questions, please reach out: discord.gg/Hy6s2DHZ

[10/10]

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More from @0xPolygon

Jun 21
New institutions built on web3 require verifiable information and crowd-sourced curation.

Geo is a new web3 browser built by @edgeandnode.

Geo is stored on @IPFS, anchored #onPolygon & indexed by @graphprotocol to solve the world's problems in a decentralized way.

[1/5] Image
Geo is indexed by a subgraph on the @graphprotocol’s decentralized network—which also powers the display of data from live queries from other subgraphs on the network. Users can feed subgraph data into Geo pages, paying $GRT query fees in the process.

[2/5]
IPFS is used to store the content itself and thus resolves the content/proposals/votes connections without posting an overly large amount of information in the smart contract transactions.

[3/5]
Read 5 tweets
Jun 6
A detailed list of where and what the Polygon crew will be doing during the #Consensus2022.

Mark your calendar 🧵

#Polygon JAMPAD: bit.ly/PolygonJampad

[1/7]
@AntoniMarber on Scaling Privacy & Unlocking New Use Cases with EY & Polygon

🗓 June 9
⏰ 4:00 PM - 4:45 PM CDT

[2/7]
events.coindesk.com/consensus2022/…
@DTyagi will speak on Web3athon: Meet the Chains.

🗓 June 10
⏰ 11:30 AM - 12:00 PM CDT

[3/7]
events.coindesk.com/consensus2022/…
Read 7 tweets
May 25
Web3 can be a bit difficult to understand.

Before @0xPolygonAvail launches soon, we wanted to share an analogy to help you with an often misunderstood web3 primitive: rollups, and their evolved form, validiums.

Start your engines. 🧵

[1/11]
Modular blockchains work a bit like cargo trucks picking up freight, and traveling up a steep hill.
Drivers have to inspect every transaction before they're loaded.

Once loaded, those drivers have to take every transaction to the blockchain.

[2/11]
But the more transactions are in the truck, the heavier they are.

But the heavier they are, the more gas they need. And gas is expensive!

The same drivers taking the txs up the hill are the ones that have to check and that slows down the whole network.

[3/11]
Read 11 tweets
May 17
Web3 is ready for enterprise. The #PolygonNightfall Mainnet beta is here!

Nightfall is the most efficient blockchain solution for enterprises, enabling businesses to orchestrate private transactions for use in supply chains & other key business functions.

Let’s dive in 🧵 [1/5]
Most enterprise blockchain solutions aren’t decentralized. They’re private or permissioned, relying on pre-existing trust among parties.

By centralizing the blockchain, it compromises trust.

[2/5]
On the other hand, public blockchain solutions don’t always make sense for enterprises. They’re expensive, lack privacy, and make all transactions visible to third parties.

[3/5]
Read 5 tweets
May 3
Polygon is pleased to announce the availability of @API3DAO's #QRNG - a public good Quantum Random Number Generation service for #Web3.

What is it? How does it differ from existing solutions? And how do devs access it?

Read on to find out!

A thread (🧵)

[1/7] Image
What is the #API3 Quantum Random Number Generator?

Numbers are randomly generated using real-time quantum fluctuation measurements at @ourANU’s Quantum Optics Group.

@API3DAO’s QRNG allows smart contracts to request this service via a first-party blockchain oracle.

[2/7]
How does #QRNG differ from existing Web3 RNG?

QRNG is a method of random number generation based on quantum phenomena.

Quantum randomness is referred to as ‘true’ as the mechanic of generation leans into Quantum Theory - it's not susceptible to prediction.

[3/7]
Read 7 tweets
May 2
#LiquidStaking Week 1

Liquid Staking is one of the most innovative developments in #DeFi. This week we explore it with @ClayStack_HQ.

Read through to explore revenue-generating opportunities!

A thread (🧵)

[1/5]
What is #LiquidStaking?

Staking in its current form requires users to lock their tokens for a certain period of time, due to which they lose much-needed #liquidity. Liquid staking protocols enable the issuance of liquid tokens to solve this problem.

[2/5]
Why do you need liquid tokens?

These tokens (csMATIC in the case of @ClayStack_HQ) are #yield-generating #tokens that represent the underlying stake.

So users get the dual benefit of staking rewards and also the opportunity to compound their yields on #Polygon's DeFi.

[3/5]
Read 5 tweets

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