The FUTURE of digital identity management is here ๐ซ๐ชช
Introducing #PolygonID, a decentralized and privacy-preserving solution for SSI in #Web3. Polygon ID implements the Iden3 protocol and is built to overcome challenges in SSI adoption.
The internet was built without an identity layer, leading to reliance on centralized platforms that exploit personal data. The Self-Sovereign Identity (#SSI) movement aims to change that by giving users control over their personal data.
The SSI ecosystem is composed of Issuers, Identity Holders, and Verifiers. Decentralized Identifiers (#DIDs) and Verifiable Credentials have become the industry standard for SSI, with over 100 DID methods registered.
Polygon ID combines the benefits of the standard with the unique benefits of a Web3 native solution, providing better privacy for users compared to VCs and SBTs.
Zero-knowledge proofs (#zkp) play a crucial role in solving the challenges of decentralization and self-sovereignty in SSI. Polygon ID uses zkp to provide enhanced solutions to the challenges of SSI at different levels of the architectural design.
Identity Definition: Polygon ID's innovative approach to identity definition, through the use of zkp, decouples identity from keys. Identity can be represented by multiple identifiers and is not just a public key.
Identity State: Polygon ID introduces the concept of an "Identity State", allowing for privacy-preserving proofs, making it easier to implement Proof of Uniqueness in various applications.
By making Proof of Uniqueness more common, Polygon ID has the potential to revolutionize the way we interact with the internet, protecting privacy while also streamlining the digital experience.
If youโre interested in learning more about what makes Polygon ID tick, check out this technical deep-dive thread on @0xPolygonDevs ๐โจ
The Polygon ID team is excited to announce 4 tools have been released in the #PolygonID Identity Infrastructure to build a more equitable internet that places identity at the center of it.
In 1993, the New Yorker cartoon "On the Internet, nobody knows youโre a dog" highlighted a major issue with online identity.
Today, Polygon ID is one step closer to helping devs solve this problem with a self-sovereign, decentralized, and private identity infrastructure stack ๐๐ฝ
Polygon ID leverages the Iden3 protocol and Circom ZK toolkit.
This Identity Infrastructure allows anyone to become an issuer, verifier, or holder of a Web3 identity. Off-chain data can now be used for trustless, on-chain verifications in a Verified Credential format.
By integrating with Polygon, Ripio's users will have access to a wider range of #Web3 protocols and enjoy faster and cheaper transactions with:
๐๐พ Ripio Trade
๐๐พ Ripio Portal
๐๐พ AND Ripio Wallet
These deployments will allow the Ripio community to connect to:
With this launch, Dopex will bring Atlantic Straddles and SSOVs (Single Staking Option Vaults) to the @0xPolygonDeFi ecosystem ๐ฅ
The initial phase of the launch includes the introduction of Dopex's Atlantic Straddles, a unique strategy that allows investors to capitalize on market volatility.
AND option buyers now have the ability to borrow funds deposited to protect against liquidation ๐ช๐ผ
What happens when scalability meets cutting edge DeFi capital efficiency.
A few highlights of @Uniswap journey on Polygon in 2022.
The low gas fees environment on Polygon brought two new dynamics to Uniswap v3 protocol.
- more traders could participate
- LPs could potentially more engage in active rebalancing
The protocol started the year at $1.96 billion spot trading volume in January 2022. The annual volume was a whopping $28 billion in the year 2022.
The month of November got the highest volume of $3.9 billion.
Polygon is now the leading on-ramp to #Web3, used by some of the worldโs biggest companies.
Weโre beyond thrilled to provide the infrastructure for the platform, offering music lovers:
โฝ Lower gas fees
๐ Faster transactions
in an open, permissionless & sustainable environment.
LGND Music, enables you to play music digital collectibles, or โVirtual Vinylโ, on-the-go.
Also, select @warnermusic artists will launch their digital collectibles & connect fans with special content and experiences โจ