Bigger than NFT? Permissionless decentralized identity on all major blockchains

The ambitious DPoS blockchain project Hydraledger developed a self-sovereign identity framework based on W3C standards to provide SSI solutions, store schemas, decentralized identifiers (DID), keys, rights, and proof timestamps on a ledger for public verification while keeping verifiable credentials (VC) off-ledger. This gives people complete control over their data while maximizing privacy.

Decentralized identifiers (DIDs) are a new type of identifier that enables verifiable, decentralized digital identity for anything like a person, organization, thing, data model, abstract entity, etc.

Verifiable credentials are a part of our daily lives; driver’s licenses are used to assert that we are capable of operating a motor vehicle, university degrees can be used to assert our level of education, and government-issued passports enable us to travel between countries. This provides a mechanism to express these sorts of credentials on the Web in a way that is cryptographically secure, privacy-respecting, and machine-verifiable.

Hydraledger’s technology is already used by Universities and Companies worldwide.

To maximize data protection and save time and costs by tearing down blockchain data silos and entry barriers, Hydraledger is now starting to port its technology to all significant blockchains, such as Ethereum, Bitcoin, Binance Smart Chain, and Polkadot.

Ethereum will be the first to connect to Hydraledger’s cross-chain SSI solution. To pick up the Etherum community and foster further decentralization, Hydraledger launched a massive liquidity mining program on September 1st on Uniswap, one of the largest decentralized exchanges.

Liquidity providers can use their tokens in additional smart contracts as well. This allows for novel uses of capital, where they receive extra rewards for committing to specific projects. They can do this by locking up their tokens and receiving rewards in return. The liquidity staking contract serves this goal. Once liquidity providers lock their tokens in the smart contract, they start to receive a share of the reward pool.

Fifty million Hydra tokens distributed to these two pools (ETH/WHYD and DAI/WHYD) represent ~25% of the project’s holdings. Both pools split the rewards into two balances. Users can claim half of the accrued rewards immediately, while the other half has a vesting period of 12 months. After 12 months, the smart contract enables the users to claim the remaining bonuses.

The 3rd pool, which runs perpetually, contains the rewards for staking WHYD. The project puts a total amount of 1 million WHYD initially. Hydraledger will regularly add rewards gained from voting for the private delegate to redistribute it to WHYD stakers.

For more information about Hydraledger and the Uniswap launch, visit:

Über IOP Ventures LLC

Hydraledger – a permissionless cross-chain infrastructure for self-sovereign identity

Take full control of your digital life! Hydraledger (HYD) provides self-sovereign identity (SSI) allowing multiple independent private personas. You can create and witness claims about personas and also share only the requested parts of such claims for verification, letting you securely manage every aspect of your life.

Hydraledger’s technology is open source and available for anyone. Although Hydraledger is dedicated to providing a complete solution to the problems of online identity and privacy, HYD is fully modular without vendor lock-in: users and businesses are free to use and combine any part of the stack they want.

Firmenkontakt und Herausgeber der Meldung:

IOP Ventures LLC
Hunkins Waterfront Plaza, Suite 556
SCN. Charlestown
Telefon: +49 (151) 27152693

Markus Maiwald
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