I believe we are all familiar with the term single point of failure. If not, let's dig in.

Traditional centralized identity verification systems are prone to significant risks, including single points of failure, scalability issues, privacy concerns, and operational risks.
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In crypto, decentralization mitigates single points of failure, enhancing security and scalability. Emphasizing on-chain identity solutions can transform how we verify identities, offering greater privacy and resilience against operational risks.