The Launch of Polygon ID Version 5
The Polygon project has unveiled the fifth edition of Polygon ID, a tool for identification in the web3 space. This service allows dapps to authenticate user data without exposing their personal information, promoting identity reuse and interoperability within the ecosystem. Once the issuer provides the information to the owner, it can be reused indefinitely as long as it remains valid and is not withdrawn by the issuer, according to the blog statement.
Moreover, identity data can be shared with other parties under the W3C VC standard. The latest version has expanded the number and variety of available accounts, added a new network issuer, improved the issuer node, and introduced a new credential marketplace, simplifying the process and broadening account generation possibilities.
Polygon’s Web3 Identity Service
In early March, Polygon introduced a web3 identity service known as Polygon ID. This innovative tool enables users to confirm accounts without disclosing personal information, utilizing zero-knowledge technology to verify user data on the blockchain while maintaining privacy.
Hot Take: Revolutionizing Web3 Identity Verification
Polygon’s launch of version 5 of Polygon ID marks a significant step in revolutionizing web3 identity verification. The tool’s ability to authenticate user data without compromising personal information paves the way for enhanced privacy and security within the web3 space.
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