DID itself cannot exist independently, and must promote and grow with the various contents of Web 3.0. DID is like a door. There can be enough DIDs to ensure decentralization and prevent the impulse of some gatekeepers to collect tolls after becoming the only one. However, after pushing the door, there must be content to see, otherwise users will never be retained, and DID will become a tree without roots and water without a source. Our discussion on DID is based on our belief that Web 3.0 is the future trend.
DID, as the front-end facility of the entrance, is the first step in building a complete decentralized user experience. However, it needs to be supported by DApps such as SocialFi, GameFi, and DeFi. Therefore, a public chain is also needed as the operating network, IPFS, AR, etc. as decentralized storage, oracles, decentralized network nodes and other middleware to maintain the decentralization of information input and output. Finally, verification of on-chain information is needed to ensure that the data is truly uploaded to the chain and not deceived.
In this link, the functions of SBT and DID are highly similar. It is difficult to say that one product is DID or SBT. Even BAB or GAL is more like a PASS token, which guarantees that the information is uploaded to the chain after centralized verification. This is fundamentally centralized, just like USDT cannot be called an algorithmic stablecoin.
Uniswap is a type of DeFi, but we cannot say that DeFi only has Uniswap. Even its DEX can be further divided into spot, derivatives protocols, as well as AMM mechanisms and order books and other constituent principles.
Dsyncle, as a web3 social network, is also based on DID. Independent on-chain digital identity, full ownership and control of your DID digital identity Full ownership and control of your community Full ownership and control of your content
Fully own and control your social graph Fully own and control your data, and have the right to distribute and vote on the platform value
