Ethereum Foundation backs Spruce’s vision for decentralized identity verifica...
Spruce hopes its Ethereum-powered sign-in system can offer a decentralized alternative to the data-harvesting identity services offered by tech giants. The Ethereum Foundation (EF) and Ethereum Name Service (ENS) are backing a proposed system for secure sign-in using Ethereum from decentralized identity software firm Spruce.Spruce’s system was selected after EF and ENS submitted a Request for Proposals in July encouraging developers and software firms to propose a sign-in package using Oauth — an open standard for access delegation.A Sept. 13 announcement states that the firm aims to give....
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What is a decentralized identity, and why does it matter? In this guide, we break it down for you. Decentralized identity protocolsSeveral identity protocols, from crypto startups to big tech solutions, deal with decentralized identification, and each has its specifics and features.Though the decentralized identity technology is fairly new, initiatives and players in the decentralized identity space, software for implementing decentralized identity wallets and supporting services are plentiful. They range from the Hyperledger open-source developing community, through a range of....
Block Inc. is looking to bypass Web3 entirely and focus on a new Bitcoin-centric model for identity management. Block subsidiary TBD has announced plans to build a new decentralized web centered around Bitcoin (BTC), underscoring founder Jack Dorsey’s belief that the largest blockchain network will play a major role in the internet’s evolution. The new project, called “Web5,” represents the latest Bitcoin-centric endeavor to be pursued by Dorsey since stepping down as CEO of Twitter in November 2021.Whereas Web3 incorporates blockchain technology and tokenization to decentralize the....
The Ethereum Foundation has to change its ways and stop associating itself with third party organizations. The development of cryptocurrency technology has come a long way since the introduction of Bitcoin. Ethereum protocol is currently the example of its highest form so far. It is widely known that Ethereum is in no way the final stage of cryptocurrency technology, as it is expected to grow further with time. The Ethereum foundation has been doing a great job with the development of Ethereum platform so far. However, in the recent days, the leading developers in the Ethereum community....
A group of Bitcoiners explore why having decentralized identity may be just as important as decentralized money.
The non-profit organization that backs Ethereum has announced a new initiative to the benefit of the infrastructure supporting this blockchain. Launched to contribute to the network’s health and decentralization, according to an official post, the Client Incentive Program will promote diversification in the Ethereum ecosystem. Related Reading | TA: Ethereum Breaks Key Support, Why Bulls Could Still Step In In that way, the foundation believes Ethereum will become a stronger network capable of dealing with future attacks and issues. In addition, a more diverse network will have more....