{"id":46163,"date":"2023-03-02T17:21:38","date_gmt":"2023-03-02T21:21:38","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=46163"},"modified":"2023-03-02T17:21:40","modified_gmt":"2023-03-02T21:21:40","slug":"polygon-launches-decentralized-id-product-with-zk-proofs","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/polygon-launches-decentralized-id-product-with-zk-proofs\/","title":{"rendered":"Polygon launches decentralized ID product with ZK-Proofs"},"content":{"rendered":"\n

The decentralized identity solution<\/a> known as Polygon ID has been released as open-source software by Polygon.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The Ethereum layer-2 scaling solution, has successfully released the open-source version of Polygon ID, its decentralized identity solution, enabling users can access a number of significant features.<\/p>\n\n\n\n

It will be noted that Polygon ID's initial version went live in March of last year, with the company promoting it as a solution that enables customers to instantly verify their identities or pass know-your-customer<\/a> (KYC) protocols without having to reveal their personal information or sensitive data.<\/p>\n\n\n\n

Wallet SDK (for wallet builders), Issuer Node (for issuers), Verifier SDK (for verifiers), and Wallet App (for users) are the four additional tools added by the newly open-sourced Polygon ID\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> to the current solution for Web3 dApp developers and users (for devs and end users).<\/p>\n\n\n\n

\n

Polygon ID can be used in a range of use cases, including usage in KYC programs, e-commerce onboarding, passwordless login, used by banks as a tool to issue undercollateralized loans, and DAOs.<\/p>— Polygon (@0xPolygon) March 1, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

The project has been one of the most popular ethereum layer-2 scaling solutions since its launch in 2017, despite firing 20% of its staff in February due to unfavorable market conditions. Since then, it has drawn countless adopters from a variety of Web3 economy sectors.<\/p>\n\n\n\n

The non-fungible tokens<\/a> (NFTs) exchange Rarible launched on the Polygon chain in January, enabling its users to create digital collectibles with a Polygon foundation. <\/p>\n\n\n\n

And in February, Shemaroo, a powerhouse in Indian media and entertainment, hired the blockchain platform to build Virtasy.io, an NFT marketplace. According to Coingecko, the price of Polygon's native MATIC token is now down 2.9% over the past 24 hours and is circling at $1.22.<\/p>\n","protected":false},"excerpt":{"rendered":"

The decentralized identity solution known as Polygon ID has been released as open-source software by Polygon. The Ethereum layer-2 scaling solution, has successfully released the open-source version of Polygon ID, its decentralized identity solution, enabling users can access a number of significant features. It will be noted that Polygon ID’s initial version went live in […]<\/p>\n","protected":false},"author":43,"featured_media":46165,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[395,13646],"class_list":["post-46163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-polygon","tag-zk-proofs"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/03\/croc_1677788955829.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/46163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=46163"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/46163\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/46165"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=46163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=46163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=46163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}