With the rapid development of the digital economy, authentication has become an indispensable part of various industries. Whether in the traditional internet or the Web3 world, we are constantly relying on digital identity. However, as the boundaries between the virtual world and real life gradually blur, traditional authentication methods have also revealed many shortcomings.
Virtual Accounts and Bots: Many platforms have faced malicious attacks from a large number of fake traffic, scripted accounts, and bots, posing significant risks to project operations. For example, in Web3 airdrops, a large number of spam accounts obtained tokens and sold them, impacting project progress and image.
Data and Privacy: The centralized storage of traditional authentication information has led to several major data breach incidents in recent years, making it difficult to protect user privacy.
Low verification efficiency and poor user experience: Traditional authentication processes are lengthy and complicated, time-consuming and labor-intensive, especially since many projects in the Web3 ecosystem still use traditional methods for identity verification, becoming a bottleneck for development.
Lack of cross-platform interoperability: Most digital identity systems are isolated, using different systems across different platforms, requiring users to repeatedly verify their identity multiple times, wasting time and increasing the complexity of information management!
In the face of these challenges, the market urgently needs a more efficient, secure, and decentralized authentication solution. The emergence of the Humanity Protocol is precisely to address these issues and provide groundbreaking solutions for the future of Web3. Through unique non-invasive palm print scanning technology, zero-knowledge proofs, and decentralized mechanisms, the Humanity Protocol is building a new model of digital identity that combines privacy protection and operational convenience for users and enterprises.
I. Financing and User Growth: Creating a New Era for Authentication
In May 2024, Humanity completed a round of seed financing led by Kingsway Capital, raising $30 million, with a post-investment valuation of $1 billion. In just a few months, Humanity has rapidly attracted the attention of global investors due to its innovative technology and strong implementation capabilities, and has recently completed strategic financing, further consolidating its position in the digital identity field.
The Humanity test network has been launched, and users can earn rewards by participating in the test network to obtain RWT! Its token H is expected to officially launch in Q1 2025, and it is recommended to participate in the test network activities to earn some rewards while experiencing the new project!
The test network has been online for only two months, and Humanity has already achieved remarkable results: 2 million Human ID accounts have been successfully registered, demonstrating its rapidly expanding user base. In addition, community building has also progressed very quickly, with Twitter followers surpassing 100,000 and Discord users reaching 300,000, forming a highly engaged global community ecosystem.
II. Technical Highlights: Breaking the Ceiling of Authentication
2.1. Authentic Verification: Eliminating Fake Accounts and Bot Threats
Humanity verifies identities through palm print scanning technology, which is not only efficient and simple but also completely eliminates the issues of fake accounts and bots. Compared with traditional verification methods such as CAPTCHA and email verification, palm print verification is nearly impossible to forge, ensuring the authenticity of user identities.
2.2. Privacy Protection: Zero-Knowledge Proof (ZKP)
In an era where data privacy is receiving much attention, the Humanity Protocol uses zero-knowledge proof technology (ZKP), allowing users to complete authentication without disclosing any sensitive information. This not only protects user privacy but also aligns with the future trends of privacy compliance.
2.3. Wide Application: Building the Largest Identity Map for Web3
A 'Human ID' can be universally applied across all decentralized applications (dApps), protocols, and the Web3 ecosystem, from KYC in financial platforms to identity binding in virtual social and education sectors. Humanity can provide seamless support for user experiences in Web3 and even Web2.
2.4. Decentralized Trust: Reshaping Fairness and Transparency
Through a decentralized authentication mechanism, the Humanity Protocol ensures fairness and transparency within the ecosystem. This mechanism not only prevents the concentration of power but also builds a trustworthy Web3 ecosystem environment.
III. Competitive Analysis: Differentiated Advantages Compared to Worldcoin
In the field of Web3 authentication, Worldcoin is another well-known project, famous for its iris scanning technology. However, compared to Worldcoin, the Humanity Protocol demonstrates more significant advantages.
WorldCoin's iris scanning is still unacceptable to many people, and there are also many privacy controversies. Additionally, the need to use specific devices and complex operations raises the operational threshold, making it not universal!
Humanity can use mobile devices for non-invasive palm print recognition to complete authentication and highly protect user privacy through zero-knowledge proofs. The Humanity Protocol effectively avoids the issues of user acceptance and privacy controversies faced by Worldcoin. At the same time, its simple and easy-to-use process greatly lowers the barriers to authentication, making it more suitable for large-scale promotion and adoption, thus achieving rapid user growth.
IV. Future Outlook: Building a New Cornerstone for Web3 Authentication
The goal of the Humanity Protocol is to become the largest decentralized authentication platform in the Web3 field. With the global shipment of palm print scanning devices, the future application scenarios will be even broader—from financial KYC to access control verification and identity binding in the virtual world, Humanity is building the largest identity map for the Web3 ecosystem.
At the same time, the decentralized trust mechanism of the Humanity Protocol not only enhances the transparency and fairness of authentication but also promotes further development of the Web3 ecosystem. Through parallel technological innovation and privacy protection, Humanity is expected to occupy a leading position in the future digital identity market.
V. Summary
In the Web3 era, the core of authentication is no longer just technical implementation, but the perfect balance of user privacy, authenticity, and universality. The Humanity Protocol addresses threats of fake accounts and bots through palm print recognition technology and zero-knowledge proofs while providing comprehensive privacy protection and convenient experiences for users. In comparison with Worldcoin, Humanity excels in technology, privacy, user growth, and other aspects, demonstrating strong market competitiveness.
It is foreseeable that as the Web3 ecosystem continues to mature, the Humanity Protocol will continue to deepen technological innovation, becoming an important force in promoting the transformation of decentralized authentication.