Passport ETH Stamp is a new tool that leverages on-chain transaction history and an advanced predictive model to verify the unique humanity of each Ethereum account. The tool also allows users to boost their Passport Score by earning on-chain activity credentials.
The Passport ETH tool is designed to ascertain the unique humanity of each Ethereum account with unprecedented precision, using a sophisticated blend of on-chain transaction history and an advanced predictive model.
The tool is developed by the creators of Passport, a platform that provides human verification services for web3 applications.
The ETH tool is based on extensive experience in safeguarding platforms like the Gitcoin Grants program, where Passport has successfully prevented Sybil attacks and ensured fair distribution of funds.
The tool is not just a tool but a testament to the relentless pursuit of security and authenticity in the digital realm. The tool is a direct product of meticulous Passport data analysis and a deep understanding of the intricacies of on-chain activities.
How does Passport ETH Stamp work?
Passport ETH Stamp is a game-changer in user verification. It transcends traditional methods that rely solely on parameters like ETH balance, transaction count, and gas expenditures. Instead, it introduces a nuanced approach, analyzing a wider spectrum of on-chain activities to effectively distinguish genuine users from Sybils.
The tool assigns a Passport Score to each Ethereum account, ranging from 0 to 100, based on the quality and quantity of their on-chain transactions. The higher the score, the more likely the account is a unique human.
It also allows users to boost their Passport Score by earning on-chain activity credentials. These badges reflect the user’s active participation and contribution to the Ethereum ecosystem.
There are three credentials available: Eth Advocate, Eth Pioneer, and Eth Maxi. Each credential adds a significant 3.54 points to the user’s score.
- Eth Advocate:Â This credential is awarded to users who have interacted with at least 10 different Ethereum applications, such as decentralized exchanges, lending platforms, or NFT marketplaces.
- Eth Pioneer:Â This credential is awarded to users who have participated in at least one governance vote or proposal on any Ethereum application, such as DAOs, protocols, or tokens.
- Eth Maxi:Â This credential is awarded to users who have held at least 1 ETH in their account for at least one year without transferring it to another address.
Why use Passport ETH Stamp?
Passport ETH Stamp offers several benefits for users and web3 applications. The tool offers users a streamlined and organic pathway to bolster their scores. Users can effortlessly enhance their standing by linking their Ethereum address and engaging actively in the web3 ecosystem.
The tool also offers users a novel way to showcase their involvement and reputation in the Ethereum community.
For web3 applications, the tool offers a reliable and data-driven verification process. By integrating Passport ETH Stamp, web3 applications can ensure their users are unique humans, not bots or fake accounts.
This can help prevent Sybil attacks, fraud, and abuse and enhance the security and trustworthiness of the web3 environment.
The tool is just the beginning of a series of initiatives aimed at simplifying human verification, with more innovative solutions already in the pipeline.
