With security becoming an integral part of the cryptoverse, Layer 2 scaling solution Polygon has launched a new self-sovereign, zero-knowledge proof (ZKP) identity service – ‘Polygon ID’.
Polygon ID is designed to give users greater privacy and sovereignty when accessing dApps and DeFi services. Polygon claims that it is the first Web 3.0 identity platform to adopt cryptographic-based ZKP technology.
Polygon ID will help users provide proof of their identity when engaging in airdrops, initial coin offerings (ICOs), decentralized exchange (DEX) trading, and for processes in which strict Know Your Customer (KYC) requirements apply.
Notably, Polygon boasts that Polygon ID allows users to verify their credentials and identity without revealing any of their personal information. The service is expected to debut in Q2 and become fully operational in Q3 of 2022.
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