The crypto world has new developments! 🎉 According to CoinDesk, on November 18, a group of cryptocurrency veterans, including the co-founder of decentralized finance giant Lido, are preparing to launch a blockchain identity platform called 'Y'. The goal of this new platform is to compete with the existing World Network.

So, what makes 'Y' unique? First of all, it does not use biometric data to verify user identities; instead, it confirms identities by analyzing the traces users leave during their internet activities. This method not only effectively protects user privacy but also minimizes fraudulent activities. This stands in stark contrast to the World Network's reliance on iris scanning.

This innovation is driven by the team behind Cyber Fund, led by Lido co-founder Konstantin Lomashuk and Vasiliy Shapovalov. It can be said that these veterans of the crypto industry are outlining a future for digital identity that is safer and more private.

For cryptocurrency and blockchain enthusiasts, this is undoubtedly a project worth paying attention to. Are you curious about this new type of identity verification? Feel free to share your thoughts and expectations in the comments! Whether you support or question it, you can express yourself freely here.

Overall, the launch of 'Y' may bring new vitality and competition to the blockchain identity verification field. We will wait and see if it can establish a foothold in the market and provide users with a better experience.

So, what do you think about the future of 'Y'? Come join the discussion in the comments!