Blockchain
Humanity Protocol’s Testnet Launch Attracts 25,000 Users to Join the Digital Identity Revolution in the First 24 Hours
Humanity Protocol, the rapidly growing zero-knowledge (ZK) decentralized identity project, is excited to announce the successful launch of the first phase of its testnet, which has already attracted 25,000 registrations within the first 24 hours. The enthusiastic uptake in the testnet underscores a significant interest and need for enhanced privacy measures and decentralized solutions in digital identity management across the globe.
Recently valued at US$1 billion, Humanity Protocol is at the forefront of the zero-knowledge decentralized identity revolution. By seamlessly blending non-invasive biometrics with cutting-edge Proof of Humanity technology, the protocol offers a secure, user-centric approach to identity verification.
The testnet rollout is structured in three strategic phases:
- Human ID Reservation: Users can now reserve their unique Human ID, serving as their username and identity within the Humanity Protocol ecosystem. This ID is crucial for engaging in secure transactions and accessing various decentralized applications (dApps).
- Palm Pre-enrollment via Mobile App: Scheduled for mid-October, this phase will enable users to register their palm prints through a dedicated mobile app, enhancing the security and privacy of the digital identity verification process.
- Full Enrollment via Palm Vein Verification: The final phase involves a palm vein scan using specialized Humanity Protocol devices, utilizing biometric data that provides unparalleled security due to its unique and nearly impossible-to-replicate nature.
At the core of Humanity Protocol’s security strategy is the use of zero-knowledge proofs, which enable users to verify their identities without disclosing personal information. This enhances user trust while maintaining privacy. Advanced encryption methods built on a robust blockchain infrastructure are also employed to ensure high standards of data protection and prevent unauthorized access.
Humanity Protocol tackles the growing issues of online identity fraud, Sybil attacks, and bot manipulation by providing a decentralized solution for identity attestation. With the ownership of personal data concentrated within a small number of large tech companies, verifying the authenticity of individuals without compromising privacy has become a significant challenge. Humanity Protocol addresses this with a system that uses zero-knowledge proofs and biometric data, such as palm scans, to create unique, verifiable Human IDs. This ensures that users can prove their identity without revealing sensitive personal information, combating the rise of fake identities while preserving privacy and security.
Terence Kwok, CEO and Founder of Humanity Protocol, said, “The successful launch of our testnet is a huge milestone for Humanity Protocol, marking the first step in revolutionizing digital identity through privacy-first solutions. Our community’s overwhelming response reaffirms the demand we’re seeing for a more secure and user-friendly way to verify identity without sacrificing personal data in an increasingly digital world. We’re excited to see users take ownership of their identities in a way that prioritizes privacy, security, and control. This is only the beginning, and we’re committed to continually enhancing our platform to meet the growing needs of our users.”
Participants who engage early not only secure their digital identity but also contribute significantly to the network’s expansion. The platform’s referral system rewards early adopters with a portion of the testnet tokens generated by their referrals, emphasizing the protocol’s commitment to fostering a community-driven ecosystem.
With the progression of the testnet through its planned phases, Humanity Protocol aims to continually enhance user capabilities and security features, reflecting the evolving demands and expectations of the digital world.
For information about the testnet, please click here and for more details about the Humanity Protocol, please visit Website | X | Discord | Telegram.
The post Humanity Protocol’s Testnet Launch Attracts 25,000 Users to Join the Digital Identity Revolution in the First 24 Hours appeared first on HIPTHER Alerts.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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