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Cryptocurrency discussions / What do you think of decentralization identify verifier?
« on: March 29, 2024, 09:29:34 AM »
Hey guys, so I was checking some projects to invest in this space, since we are nearly there to the event of btc halving. so I thought about investing some on good projects, whether short term or long-term, gains are gains I guess.
This came across to me about decentralization identifying verifer, if I explain about this, it promises to put users back in control of their own data. So it's eliminating the need to rely on centralized authorities for verification. I wonder what will happen if it really gives people power over their digital identities? I believe it could make many processes easier that depend on 3rd party verification. This could improve many things such reducing fraud and online transactions.
What do you think of this, do you have anything that could give me a point to invest in these projects that support this concept?
This came across to me about decentralization identifying verifer, if I explain about this, it promises to put users back in control of their own data. So it's eliminating the need to rely on centralized authorities for verification. I wonder what will happen if it really gives people power over their digital identities? I believe it could make many processes easier that depend on 3rd party verification. This could improve many things such reducing fraud and online transactions.
What do you think of this, do you have anything that could give me a point to invest in these projects that support this concept?