XRPL has introduced a sovereign identifier in the Decentralized Identifier update.
users will be able to control their own online identity.
This DID positions XRPL as a key player in secure #web3 digital identity.
#XRP #Ledger (XRPL) has launched a revolutionary update that could change the way we manage our digital identities. The update, dubbed Decentralized Identity (DID) Fix, allows users to manage their online identities without having to rely on central authorities such as banks, governments or social media companies.
Instead of companies storing your data, XRPL puts it back in your hands by offering a new approach to digital identity with a focus on security and privacy. This update is supported by 30 out of 35 validators and is a so-called self-sovereign identity.
How DID works on XRPL.
XRPL users can create a unique digital identity that acts like an online fingerprint; Mayukha Vadari, developer of RippleX, says these identities allow users to own their data, interact with the #blockchain and cryptocurrency. Security prevents identity theft, he explains.
This is not just an update, but a fundamental shift in how the blockchain protects users and allows them to manage their information.
A decentralized identifier (DID) is essentially a type of digital identity card that is independent of central authorities. Imagine having a digital "fingerprint" that identifies who you are online, but without the risk that a third party can forge it.
This DID is tied to a digital document on the XRPL containing an encrypted key and verification data. This system makes each user's identity secure, private and unique; Vadari notes that, like a physical fingerprint, a DID can confirm identity without revealing sensitive information.
To make DIDs useful, XRPL combines DIDs with verifiable credentials (VCs) - think of VCs as digital badges that prove your identity and credentials, like a virtual ID, but with added privacy.
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