Intmax pfp
Intmax
@intmax
We will explore a few talks at #Devcon2024 that we found interesting so you can feel like you were there too. We will bring you 10 of our favorite talks, and, of course, we’ll cover the latest innovations in privacy, identity, ZKP, and all the technologies Intmax is exploring. Come with us! Your digital identity has never been entirely under your control. Most digital identities are managed by third parties or scattered across the internet. However, this is starting to change. In their talk at #Devcon2024, Jordi (@jbaylina) and Oleksandr discussed their latest innovation in the self-sovereign identity (SSI) space; let’s dive in… Your ID is required whether you need to log in, verify your identity, or access a specific service. Unfortunately, the current processes are often fragmented, centralized, and insecure. 1/5
1 reply
1 recast
3 reactions
Intmax pfp
Intmax
@intmax
Jordi and Oleksandr believe that users should own and manage their digital identities independently of centralized entities, maintaining complete control over their data. That’s the essence of Self-Sovereign Identity (SSI). They propose giving power back to individuals, enabling them to control their IDs completely. They offer a system where all your digital IDs—whether your government ID, workplace ID, or blockchain account ID—can be combined in one place under your control. Instead of having these IDs scattered and fragmented across the internet, this solution centralizes them in a secure, user-controlled service. They also highlighted the critical role of zero-knowledge proofs (ZKP) in making this possible, allowing users to verify their identity without revealing personal data. 2/5
1 reply
0 recast
0 reaction
Intmax pfp
Intmax
@intmax
Jordi and Oleksandr’s proposal for SSI is interoperable. It eliminates fragmented logins and insecure ID storage across the internet while Minimizing the necessity to share excessive personal information. It works seamlessly across various devices and blockchains. This is a necessary revolution for our digital identities—restoring control to individuals while maintaining robust verification mechanisms and enhanced security. At Intmax, we also believe in revolutionizing digital interaction and championing user sovereignty. We aim to tackle the challenges of privacy, security, and decentralization without sacrificing user experience. The crypto industry has evolved from a freedom-focused haven to a regulated space where speculation and compliance dilute its original principles. At Intmax, we share the vision of revolutionizing digital interaction by giving users sovereignty over their data. Cypherpunk principles of privacy, security, and decentralization deeply inspire our approach. 3/5
1 reply
0 recast
0 reaction
Intmax pfp
Intmax
@intmax
Like SSI systems, Intmax allows users to prove and update their balances without exposing transaction details, leveraging zero-knowledge proofs. With Intmax’s unique approach and stateless infrastructure, transactions are handled off-chain, reducing on-chain storage to just 5 bytes per transaction. This allows users to take control of their data, enabling them to perform transactions or update balances without revealing sensitive personal information. We are working toward a future where security and power rest in the hands of users, whether it’s about digital identities, assets, or transactions—a more secure, scalable, and user-centric digital future. 4/5 #Blockchain #Devcon2024 #SSI #ZKP https://app.devcon.org/schedule/TZQYGY
0 reply
0 recast
0 reaction