Galxe, the well-known Web3 identity platform, makes an important announcement: the launch of its Identity Protocol mainnet. This is a significant move towards advanced digital identity management. The new protocol gives users more power over their personal information and allows them to use pseudonymous identities that work across multiple platforms and blockchains.
Announcement: The Galxe Identity Protocol Mainnet is now live! Revolutionize the way you handle and exchange verifiable credentials in Web3. Leverage our decentralized infrastructure and zero-knowledge proof technology to ensure maximum security and control over your digital identity. Explore more …
— Galxe (@Galxe) April 11, 2024
User Privacy with Zero-Knowledge Proofs
The Identity Protocol utilizes zero-knowledge proofs to preserve user control over their digital identities whilst guaranteeing privacy and security. According to Galxe’s co-founder Charles Wayn, there is a growing trend towards decentralized digital identity systems, departing from the conventional centralized approaches.
Galxe’s dedication is evident in this undertaking, which aims to create a more connected and empowering blockchain ecosystem for users.
With the introduction of this new mainnet, Galaxe continues to establish a strong reputation, having issued over 200,000 credentials and interacted with nearly 18 million distinct wallets. The significance of the platform in driving expansion for key blockchain networks such as Arbitrum, Optimism, and Polygon is highlighted by its crucial position within the developing Web3 ecosystem.
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2024-04-11 21:56