Do you want to protect your privacy and security without using centralized IAM solutions?
Learn about @iota's Self-Sovereign Identity (SSI) project: Login With IOTA.
Let’s dive in🧵👇🏼
Introduction
For the last couple of decades, Identity and Access Management (IAM) has been a critical topic on the internet, allowing users to be on-boarded in various systems like e-commerce, social media, and e-governance.
However, IAM has had to make tradeoffs between security, centralization, and privacy, often favoring centralization at the expense of privacy and security.
The Emergence of SSI
The decentralized internet or "Web3" has brought new IAM patterns that focus on cryptographic keys to managing crypto assets, putting the user in control but falling short on capabilities compared to previous solutions.
The @iota Foundation sought an IAM solution that improves current versions without compromising privacy and security. They developed #Login With IOTA, centered around Self-Sovereign Identity (SSI).
What is SSI?
SSI is a concept explored by the #IOTA Foundation over the last five years, enabling individuals to control the information shared and giving verifiers the confidence to receive trustworthy data.
The Project:
With SSI gaining traction in governmental projects, the IOTA Foundation issued a Request for Proposals in March 2022. Walt.id won the project and launched Login With IOTA in June 2022.
Features of Login With IOTA
Walt.id implemented the project and continues to improve on initial ideas, allowing for seamless integration of Login With IOTA into Web2 and Web3 applications.
The IDP Kit extends existing legacy authentication and Customer Identity and Access Management solutions, while the Self-Issued OpenID Connect Protocol (SIOP) creates a direct connection between users and Web3 applications, eliminating intermediaries.
Use Cases
Developers can access functions through APIs and SDKs, including creating and registering a DID on the @iota network and issuing and verifying Verifiable Credentials, backed by IOTA Identity, enabling seamless integration of Login With #IOTA into any Web3 or Web2 app.
Conclusion
The emergence of SSI has provided a much-needed solution to the tradeoffs between security, centralization, and privacy in Identity and Access Management.
The Login With IOTA project by the IOTA Foundation and walt.id has successfully implemented SSI-based IAM solutions for Web2 and Web3. This project's features, including the IDP Kit and the integration of the IOTA Identity Framework, allow developers to easily
access functions through APIs and SDKs, enabling seamless integration of Login With IOTA into any Web3 or Web2 app, as well as other use cases that require DIDs or Verifiable Credentials.
Be sure to check out & follow these accounts for more updates on #IOTA👇🏼:
What if I told you there's a blockchain that offers scalability and security for decentralized apps and DeFi?
Discover the technology that's changing the way we think about finance and the future.
Let’s dive into the world of @LoopNetwork3 👇🏼🧵 (5min)
What I will be covering in this thread:
-Super Scalable Blockchain
-Built for Decentralized Apps
-Advanced Consensus Algorithm
-DeFi Ecosystem
-Programmable Money
-Building on Loop Network
Super Scalable Blockchain
Loop Network is a highly scalable blockchain that offers fast and secure transactions for decentralized apps (dApps) and DeFi protocols. It is designed to support high transaction throughput without sacrificing decentralization and security.
Are you on the hunt for a crypto exchange that offers fast execution, cheap transactions & advanced trading features?
I’ve got you covered.
@vela_exchange is a self-custody perpetual exchange with innovative blockchain tech for fast & secure trading.
Let's dive in 👇🏼🧵 (5min)
What I will be covering in this thread:
-Perpetual Trading
-Long-term Vision
-Major Activities
-Major Activities
-Trading Features
-Leveraged Positions
-Collateral Management
-Advanced Position Management
-VELA Token
@vela_exchange is a permissionless, self-custody-driven perpetual exchange built with innovative blockchain architecture to ensure fast transactions, secure trading, and extensibility into additional synthetic options and derivatives.
Watch for these RED FLAGS🚩 when investing in #crypto projects.
-Inadequate transparency on tokenomics and funding
-Making exaggerated promises
-Promoting very high returns.
-Zero Utility
-Low-quality Whitepaper
-Lack of advancement
-No community involvement
-Sketchy members
Want to be part of a crypto project that's all about the community?
No pre-mine, no ICO, just pure community ownership. Discover the pure form of decentralization with @KaspaCurrency
Let’s dive in🧵👇🏼(4min)
What I will be covering in this thread:
-Pure Form of Decentralization
-Real Solution to the Blockchain Trilemma
-Exclusive Community
-Market Capitalization
-Fair Distribution of Holders
-KASPA's Ability to Reject POW-Related Critics
-Conclusion
Pure Form of Decentralization
@KaspaCurrency is a pure community-owned project with no pre-mine, no ICO, and no presale. This means that the community is solely responsible for developing and managing the project, ensuring a fair launch and a truly decentralized approach.
@realio_network is a blockchain project that often goes unappreciated due to a lack of understanding.
In this thread🧵, I'll provide a breakdown of its purpose and how it intends to promote the utilization of web 3.0.
Let’s dive in👇🏼🧵
What I will be covering in this thread:
-The Purpose of RIO
-Building a Secure and Efficient Platform
-Issuance and Management of a Broad Spectrum of Assets
-Multi-Chain Compatibility
-Conclusion