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.
Blockchain
Digital Payment Gateway Market Industry Trends and Opportunities 2030, with Competitor Analysis for PayPal, Stripe, Adyen, Worldpay, Razorpay Software, Mollie, BlueSnap, Klarna Bank and Dwolla
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Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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