New Update on DotMarketCap: Litentry.
Project Introduction
Litentry is a Decentralized Identity Aggregator that enables linking user identities across multiple networks. It provides a secure vehicle through which users manage their identities and dApps obtain real-time DID data of an identity owner across different blockchains.
Project Highlight
Community Governed
The credit computation algorithms, the data origins, and the identity registrars are all governed by the LIT stakeholders. The relationships and activities of community members can be recorded on chain and generate community governance credit. For further use, all the governance credit will contribute to voting power.
Fully Decentralized
Litentry Network processes DID verification, aggregation, and computation requests from service demanders and returns trustable results. The process will be implemented by a random set of validators in the network in a fully decentralized and transparent way.
Blockchain Powered
Litentry is built on Substrate, which inherits great features and best technologies of the Blockchain industry. Litentry aims to be a Parachain of the Polkadot Network and benefit from the thriving cross-chain ecosystem and shared security.
Privacy Focused
Privacy protection is the foundation of the Litentry network and we do not want to breach the pseudo-anonymity of blockchain networks. Litentry supports incognito on-chain data processing.
Project History
Litetnry is found in 2019 by Hanwen Cheng - former product owner of Parity signer, with its main objective to build a core infrastructure of Web3 Identity hub. It has received a grant from Web3 foundation as well as completed as seed round of funding by the end of 2020. In Jan 2021, it's native token (LIT) was listed on Binance exchange via Binance launchpad.
Team Members
Litentry managed to expand significantly in the human capital and add new members to the team. Specifically now the number of Litentry employees is 35 and the distribution is as follows:
8 in marketing
20 in product and engineering
7 in business and operations
FAN DOT
Dotmarketcap is a website where you can find data of prices, charts, capitalization as well as the latest information and analysis of entire projects on the Polkadot ecosystem. The #DotEcoCap concept is the most accurate and general indicator to measure the overall development of the Polkadot ecosystem. In addition, Dotmarketcap has a place in verifying the accuracy of projects, educating the community about the Polkadot ecosystem, newsletters or on-chain data. DOT.Research is our passion for diving deep into potential projects on Polkadot.
0 comments