KILT Transitions to a Fully Decentralized Network

The time has finally arrived! As of 4:14 pm CET today, KILT is a fully decentralized blockchain network. This means that BOTLabs GmbH, the company behind the development of KILT Protocol, has handed over decision-making to the community. From now on, KILT will be run via a sophisticated system of governance in which any KILT Coin holder can propose changes to the network that can be voted on by the community. This level of decentralization is what makes Web3, the next generation of the internet, truly fair and exciting.

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KILT is a blockchain protocol for issuing self-sovereign, anonymous, verifiable credentials. It is part of the Kusama and Polkadot ecosystems.

KILT is an open-source fat blockchain protocol for issuing claim-based verifiable, revocable, and anonymous credentials in the Web 3.0. It allows end users to claim arbitrary attributes about themselves, get them attested by trusted entities, and store the claims as self-sovereign credentials (certificates). As trusted entities can issue credentials in return for money, KILT aims to foster new business models for anyone who owns trust or wants to build up trust. KILT Protocol comes with a simple JavaScript SDK where useful applications can be built without requiring any blockchain development skills.

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KILT is an open-source fat blockchain protocol for issuing claim-based verifiable, revocable, and anonymous... Show More