Alvin Lang
Feb 26, 2025 01:32
Self Protocol introduces Sybil-resistant id verification utilizing zero-knowledge proofs, following Self Labs’ acquisition of OpenPassport, aiming to enhance privateness and scalability within the digital financial system.
Self Protocol, a brand new id verification system leveraging zero-knowledge proofs, has been launched by Self Labs, in response to the Celo Basis. This growth follows Self Labs’ acquisition of OpenPassport, a transfer geared toward enhancing privateness and scalability within the digital financial system.
Revolutionary Identification Verification
Self Protocol addresses a important problem confronted by tasks launching on the blockchain: guaranteeing functions attain distinctive customers whereas preserving privateness. Eric Nakagawa, CEO of Self Labs, emphasised the significance of verifiable id credentials with out compromising consumer knowledge. The protocol’s infrastructure gives options for privacy-preserving id verification, essential within the rising onchain financial system.
Strategic Acquisition of OpenPassport
The acquisition of OpenPassport permits Self Labs to increase its capabilities in zero-knowledge (ZK) expertise and id options. Florent Tavernier, co-founder of OpenPassport and now co-founder of Self Labs, highlighted the shared mission to forestall bot-driven web actions and restore belief within the digital financial system.
Core Parts and Functions
Self Protocol introduces two fundamental parts: Go and Join. The Go system facilitates Sybil-resistant token distributions and attribute verification with out exposing private knowledge. Join simplifies digital transactions by linking telephone numbers to pockets addresses, eradicating obstacles to blockchain adoption.
Having undergone beta testing, Self Protocol has demonstrated its effectiveness in stopping duplicate claims whereas sustaining consumer privateness. Presently, over seven million customers globally make the most of Self Go and Join, with verified telephone numbers serving as pockets addresses for stablecoin transactions.
Broad Applicability and Integration
The protocol helps important features for onchain tasks, together with privacy-preserving id verification for token distributions, age and nation verification, and combating AI brokers. It additionally permits DeFi integrations by unlocking functionalities based mostly on a consumer’s location.
Self Protocol is accessible for instant integration by builders and tasks conducting airdrops. Extra info might be discovered on the Self Protocol web site.
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