How Decentralized Identifiers And Bitcoin Fix The Web
Decentralized Identifiers (DIDs) built on the immutable ledger of Bitcoin can empower users to secure their own personal data on the web.On October 4, 2021, Facebook, along with WhatsApp and Instagram, disappeared from the internet. Their DNS names stopped resolving, and their infrastructure IPs were offline. They were completely disconnected from the internet. At the same time, it was reported that 1.5 billion people allegedly had their personal data stolen from Facebook and posted for sale. To make matters worse, anyone who relied on Facebook to log in on third-party services was in the....
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The world wide web was originally designed to be transparent, inclusive, and open to all. However, as technology progressed, the original vision was largely abandoned, leading to an overly centralized online ecosystem. Web 2.0, the version of the internet that we are currently living and most familiar with, has several drawbacks that we rarely discuss. Most of these problems stem from the fact that most Web 2.0 relies on digital identifiers. But what are these “digital identifiers,” and why do they matter? In the simplest terms, digital identifiers are used by third-party service providers....
Deployed on the Bitcoin mainnet since March 2021, the ION Decentralized Identity Network is one of the most exciting projects in the crypto space, at the moment. This second-layer solution operates as a permissionless public network to support Decentralized Identifiers (DIDs) and Decentralized Public Key Infrastructure (DPKI). The project has been developed by Microsoft and […]
Senior Product Manager for Decentralized Identity at Microsoft, Daniel Buchner, has confirmed the release of ION. Deployed on the Bitcoin mainnet, this solution is a permissionless public network for Decentralized Identifiers (DIDs). Implemented on Bitcoin’s blockchain, it operates as a second-layer solution to support a DIDs/DPKI (Decentralized Public Key Infrastructure) at scale, according to its […]
Are decentralized digital identities the future or are they a niche use case for blockchain technology doomed to solely be used by crypto natives? As users take advantage of online services and explore the internet, they eventually create a digital identity. This type of identity is then tied to central entities like Google and Facebook, which make it easier to share data with new services through simple sign-in buttons.While these digital identity management systems are convenient, they are relying on centralized intermediaries that hold and control user data. Personal identifiers and....
In denouncing Bitcoin’s proof of work and Decentralized Identifiers, Mozilla’s Tantek Çelik undermines the W3C’s own ethical web principles.