Binance Square
LIVE
LIVE
MarsNext
--7.3k views
Humanity Protocol is building a secure, private #Web3 identity system with zk-proofs and palm scans: An interview with founder Terence Kwok Palm Recognition for Digital Identity: Secure and Private Humanity Protocol uses palm biometrics and zk-proofs to create secure, private digital identities. Founder Terence Kwok discusses their approach to balancing security and privacy. Benefits of Palm Recognition - Palm recognition provides stable vein patterns that are more secure and user-friendly than fingerprints or facial recognition. Unlike iris scans, palm prints can be easily captured with mobile devices. Managing Palm Print Variations Advanced algorithms handle dirt, minor injuries, and aging, ensuring consistent identification through stable vein patterns. User Control and Data Security - Data Handling: Palm images are stored across multiple nodes and can be deleted by users at any time. - Privacy Measures: Decentralized storage and zero-knowledge proofs ensure user control and prevent unauthorized access. - User Feedback: Positive responses highlight ease of use and preference over iris scans. - Regulatory Compliance: Humanity Protocol collaborates with regulators to ensure data protection compliance. zk-Proofs for Privacy - Verification: Zk-proofs verify identity attributes without revealing personal data, enhancing security and blockchain scalability. - Digital Identity Future: Zk-proofs provide secure, fragmented data storage, reducing breach risks and requiring updated regulations. - Scalability: The zkEVM Layer 2 chain with zk-rollups efficiently manages a growing user base. Broader Applications - Finance and Healthcare: Palm recognition improves security, reduces fraud, streamlines KYC processes, and ensures precise patient identification. - Real-World Use Cases: Users can verify financial capability or learning disabilities discreetly. Conclusion Humanity Protocol’s palm recognition technology offers a secure, private, and accessible solution for digital identity verification with wide-ranging applications. Source - cryptobriefing.com

Humanity Protocol is building a secure, private #Web3 identity system with zk-proofs and palm scans: An interview with founder Terence Kwok



Palm Recognition for Digital Identity: Secure and Private

Humanity Protocol uses palm biometrics and zk-proofs to create secure, private digital identities. Founder Terence Kwok discusses their approach to balancing security and privacy.

Benefits of Palm Recognition

- Palm recognition provides stable vein patterns that are more secure and user-friendly than fingerprints or facial recognition. Unlike iris scans, palm prints can be easily captured with mobile devices.

Managing Palm Print Variations

Advanced algorithms handle dirt, minor injuries, and aging, ensuring consistent identification through stable vein patterns.

User Control and Data Security

- Data Handling: Palm images are stored across multiple nodes and can be deleted by users at any time.

- Privacy Measures: Decentralized storage and zero-knowledge proofs ensure user control and prevent unauthorized access.

- User Feedback: Positive responses highlight ease of use and preference over iris scans.

- Regulatory Compliance: Humanity Protocol collaborates with regulators to ensure data protection compliance.

zk-Proofs for Privacy

- Verification: Zk-proofs verify identity attributes without revealing personal data, enhancing security and blockchain scalability.

- Digital Identity Future: Zk-proofs provide secure, fragmented data storage, reducing breach risks and requiring updated regulations.

- Scalability: The zkEVM Layer 2 chain with zk-rollups efficiently manages a growing user base.

Broader Applications

- Finance and Healthcare: Palm recognition improves security, reduces fraud, streamlines KYC processes, and ensures precise patient identification.

- Real-World Use Cases: Users can verify financial capability or learning disabilities discreetly.

Conclusion

Humanity Protocol’s palm recognition technology offers a secure, private, and accessible solution for digital identity verification with wide-ranging applications.


Source - cryptobriefing.com

إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول. اطلع على الشروط والأحكام.
0
استكشف أحدث أخبار العملات الرقمية
⚡️ كُن جزءًا من أحدث النقاشات في مجال العملات الرقمية
💬 تفاعل مع مُنشِئي المُحتوى المُفضّلين لديك
👍 استمتع بالمحتوى الذي يثير اهتمامك
البريد الإلكتروني / رقم الهاتف
مُنشِئ مُحتوى ذو صلة
LIVE
@MarsNext

استكشف المزيد من مُنشِئ المُحتوى

$XRP Price Steadies Above Support: Gearing Up for a Breakout? XRP's price is maintaining crucial support at $0.5220, with bulls eyeing a fresh increase unless it closes below this level. Currently, XRP is struggling to rise above the $0.5350 resistance zone. It is trading below $0.5320 and the 100-hourly Simple Moving Average. There is a significant bearish trend line with resistance near $0.5280 on the hourly chart of the XRP/USD pair (Kraken data). The pair could initiate a fresh increase unless bears push the price below $0.5220. XRP Price Holds Support XRP experienced a bearish move, retesting the $0.5220 support zone, similar to #bitcoin and #Ethereum . Despite a spike below this zone, bulls were active. A low was formed at $0.5192, and the price rebounded above $0.5220, trading near the 23.6% Fib retracement level from the $0.5405 swing high to the $0.5192 low. It remains below $0.5320 and the 100-hourly Simple Moving Average. Resistance is near the $0.5280 level, along with a key bearish trend line. The first key resistance is at $0.5300, aligning with the 61.8% Fib retracement level from the $0.5405 high to the $0.5192 low. Closing above $0.5300 could push the price higher, with the next key resistance at $0.540. A close above $0.540 might lead to a steady rise towards $0.5450, with further gains potentially reaching $0.5650. More Downsides? If XRP fails to clear the $0.5280 resistance, it may continue to decline. Initial support is near $0.5220, followed by major support at $0.5120. A break below $0.5120 could accelerate the decline, potentially retesting the $0.50 support. Technical Indicators - Hourly MACD: Losing pace in the bearish zone. - Hourly RSI: Below the 50 level. - Major Support Levels: $0.5220 and $0.5120. - Major Resistance Levels: $0.5280 and $0.5300 Source - newsbtc.com #CryptoTrends2024 #BinanceSquareTalks #cryptocurrency
--
🔥🔥🔥 #bitcoin in 42-day ‘boredom zone’ — #traders debate next move Bitcoin ($BTC ) has been trading in a "boredom zone" for 42 days, leaving crypto traders divided on its next move. Some predict a surge, while others foresee a 20% pullback to crucial support levels. Crypto trader CryptoCon noted the lack of volatility in Bitcoin’s price as a key indicator of market boredom in a May 30 post on X. Bitcoin is currently priced at 68,076, up just 6.7% from 42 days ago (CoinMarketCap data). Throughout this period, it has mostly traded within a narrow range, apart from two instances where it broke its support and resistance levels of $58,253 and $71,443, respectively. Trader Willy Woo views the extended consolidation as a positive, suggesting Bitcoin has "more room to run before topping out," as he posted on May 29. Similarly, Daan Crypto Trades believes Bitcoin is in a price discovery phase, where “anything goes.” He speculated that once Bitcoin surpasses its all-time high of $73,679, it could reach $102,073 by year-end. However, some traders are less optimistic. Timothy Peterson, founder of Cane Island Alternative Advisors, highlighted the Bitcoin Price to Metcalfe Value indicator, which suggests a potential drop. When the ratio exceeds 100%, it has historically predicted a bear market of -20% or more. The ratio recently hit 102%, indicating a two-thirds chance of a 20% decline within the next six months, possibly dropping Bitcoin’s price to the low $50,000s. Source - cointelegraph.com #CryptoTrends2024 #BinanceSquareBTC
--
👉👉👉 Why #multichain Compatibility Could Deliver the True Promise of #Web3 Interoperability DeFi Evolution: From Cross-Chain Bridges to Multi-Chain Interoperability DeFi has evolved since the 2020/2021 yield farming boom, initially dominated by Ethereum but shifting to Layer 1 blockchains like Solana and Layer 2 networks such as Optimism due to high transaction fees. This shift, while improving accessibility, introduced interoperability challenges. Interoperability Challenges Early DeFi apps were limited to single blockchains, complicating asset transfers. Developers created cross-chain bridges using smart contracts to facilitate asset movement between blockchains. However, these bridges have significant security vulnerabilities. Security Issues with Cross-Chain Bridges In 2022, 70% of DeFi hacks involved cross-chain bridges (Chainalysis). Vulnerabilities in their smart and storage contracts make them prime targets, with notable hacks including the Nomad bridge ($200 million) and the Fantom bridge (over $100 million). High-profile hackers, like North Korea’s Lazarus Group, have exploited these weaknesses. Transition to Multi-Chain Interoperability DeFi is shifting towards secure multi-chain interoperability to address security issues. Multi-chain DApps enhance composability across blockchains without security risks, supported by protocols like Compound and Uniswap. Layer 2 networks such as Prom's ZKEVM offer seamless multi-chain compatibility and secure transactions via ZK rollup technology, showcasing significant potential. Vitalik Buterin’s Perspective Ethereum co-founder Vitalik Buterin supports multi-chain blockchains but is skeptical of cross-chain applications due to security risks. He advocates for a multi-chain ecosystem to better serve diverse community needs. Conclusion DeFi is moving from cross-chain bridges to multi-chain interoperability to improve security and usability. Future advancements will focus on seamless multi-chain solutions and enhanced privacy, promoting broader adoption in the Web3 era. Source - thenewscrypto.com
--
💥💥💥 #Omni Network Boosts #Ethereum Integration Omni Network (OMNI) Overview Omni Network (OMNI) enhances Ethereum (ETH) by offering a unified rollup layer for improved scalability and integration. Key features include dual staking models, sub-second validation, and backward compatibility, facilitating seamless cross-rollup programming and integration for dApp developers. Key Features and Benefits - Unified Rollup Layer: OMNI enables unified applications across all Ethereum scaling solutions, ensuring sub-second finality and high security. - Cross-Rollup Programming: Treats multiple Ethereum rollups as a single state machine, maximizing liquidity and user base. - Enhanced Security: Utilizes a dual staking mechanism with PoS consensus and CometBFT consensus for sub-second transaction processing. - Compatibility and Versatility: Compatible with various rollup architectures, minimizing integration efforts. - Backward Compatibility: Allows integration without modifying existing #SmartContracts . Benefits for Users - Integrated Cross-Rollup Programming: Enhances application reach. - Sub-Second Transaction Finality: Provides faster user experiences. - Backward Compatibility: Reduces integration complexity. - Robust Security: Dual staking model ensures security. - Versatility: Supports various rollup solutions and programming languages. OMNI Coin OMNI coin serves as Omni Network's primary asset, facilitating transactions and governance decisions. How to Buy OMNI Coin OMNI coin is traded on Binance in pairs like OMNI/BTC and OMNI/USDT. To buy OMNI: 1. Register on Binance. 2. Deposit funds to your wallet. 3. Go to the trading interface for your chosen pair. 4. Place a Buy $OMNI order. Conclusion OMNI Network enhances Ethereum scalability and integration, offering developers a robust platform while providing OMNI coin holders with governance rights. Source - en.bitcoinhaber.net #cryptocurrency #BinanceSquareTalks
--

آخر الأخبار

عرض المزيد
خريطة الموقع
Cookie Preferences
شروط وأحكام المنصّة