POLY
by BSCN
March 1, 2023
Polygon ID is an implementation of the Iden3 Protocol, using zero-knowledge proofs.
Polygon has launched a new digital identity solution called Polygon ID that uses zero-knowledge proofs to enhance users’ privacy.
An implementation of the Iden3 Protocol, Polygon ID is “the missing piece” in the Self-Sovereign Identity puzzle, the Polygon Developers account tweeted. As a Web3 solution using zk proofs, Polygon ID also has the benefits of decentralization, private on-chain verification and composability.
Polygon is a “sidechain” scaling solution that runs alongside the Ethereum blockchain — allowing for speedy transactions and low fees. MATIC is the network’s native cryptocurrency, which is used for fees, staking, and more. The effectiveness of Polygon as an alternative to Ethereum has seen existing projects such as Aave and Curve adopting its chain.
Latest News
4h : 20m ago
Filipino Banks to Launch PHPX Peso Stablecoin on Hedera Network
7h : 20m ago
U.S. Senate Banking Committee to Launch First Cryptocurrency Subcommittee
January 9, 2025
Bio Protocol and NuDAO Partner to Revolutionize Decentralized Science (DeSci)
January 9, 2025
Backpack Clarifies Acquisition of FTX EU Assets Amid FTX Estate Denial
January 9, 2025
Oklahoma Senator Proposes Bill to Allow Employees to Receive Wages in Bitcoin
January 8, 2025
Bhutan's Gelephu Mindfulness City Plans to Embrace Crypto in Strategic Reserves
January 8, 2025
Sol Strategies Secures CAD $25M to Expand Solana Holdings
January 8, 2025
Ripple Leverages Chainlink Standard to Boost RLUSD Stablecoin’s DeFi Integration