Why we need cross-chain identity for Web 3.0

  • A common problem for new blockchain projects is how to attract real users. Blockchain projects always use air-drop, but projects cannot prevent a user from creating multiple accounts to get the rewards. For example, Uniswap’s generous token gifting to all the historical liquidity providers does not have any differentiation of the users.
  • A missing point in the DeFi world is credit loan. Without the credit or financial history of users, financial institutes need to charge a collateralized deposit for issuing a microloan or flash loan.
  • In the on-chain governance of a Proof of Stake(PoS) network, the voting power is mainly decided by the distribution of tokens, the network will need sophisticated algorithms to make sure the voting power is not controlled by individual major stakeholders.
Cross-Chain Identity
  • How to link an account from a different chain to a Litentry account.
  • How to evaluate a specific credit, and which parameter to use.
  • From which resource should the parameter be fetched.




Build a user-centric world with blockchain

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

HUBL’s Very Own: Whitney Griffith Wins Big in Silicon Valley

MH Ventures presents: FOTA

Web3 Foundation to Sponsor the Sixth Global Blockchain Summit

Build a blockchain prototype in minutes with Hyperledger Composer

The China Effect on Bitcoin.

Cocos-BCX Monthly Report — May 2020

YBX Tokenomics Deep Dive (+10)

11 Common Myths About Blockchain And Cryptocurrencies That We Shouldn’t Believe

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store


Build a user-centric world with blockchain

More from Medium

ParaState Crowdloan: Geminis Network takes part in Polkadot Slot Auction #14-#18

Unique Network — crowdloan on Polkadot explained.

Litentry this week: Litmus is producing blocks on Kusama, new explainer video, revamping official…

DeFi Super App on Polkadot by Parallel Finance