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Top Identity tokens by market capitalization

Identity contains 21 coins with a total market capitalization of $3.73B and an average price change of -1.51%. They are listed in size by market capitalization.

Decentralized identifiers (DIDs) are a new type of identifier that enables verifiable, decentralized digital identity. A DID refers to any subject (e.g., a person, organization, thing, data model, abstract entity, etc.) as determined by the controller of the DID. In contrast to typical, federated identifiers, DIDs have been designed so that they may be decoupled from centralized registries, identity providers, and certificate authorities. Specifically, while other parties might be used to help enable the discovery of information related to a DID, the design enables the controller of a DID to prove control over it without requiring permission from any other party. DIDs are URIs that associate a DID subject with a DID document allowing trustable interactions associated with that subject.

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NamePrice24h %
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$60.16-0.51%
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$7.18-10.93%
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$0.2727+2.26%
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$6.74-4.13%
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$0.03944-2.18%
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$0.1176+4.86%
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$1.07+0.19%
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$2.65-3.07%
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$0.04096+1.18%
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$0.005708-3.64%
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$0.007438-2.36%
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$0.3380+1.56%
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$0.1861-3.94%
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$0.007544-0.76%
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Idena
IdenaIDNA
$0.03168-1.19%
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$0.05410-2.20%
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$0.{4}7746-5.46%
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$0.{4}5653-2.66%
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BDID
BDIDBDID
$0.001446+6.59%
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$0.01230-10.45%
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Ink
InkINK
$0.001457+0.54%
FAQ

What is a decentralized identifier?

Decentralized identifiers (DIDs) are a new type of identifier that enables verifiable, decentralized digital identity. A DID refers to any subject (e.g., a person, organization, thing, data model, abstract entity, etc.) as determined by the controller of the DID.

How is blockchain used in digital identity management?

Blockchain technology serves as the bedrock for digital identity management, delivering a decentralized, secure, and tamper-resistant medium for storing and validating identity information. Capitalizing on blockchain's inherent traits—immutable and transparent—it becomes feasible to formulate a system affording individuals full dominion over their identity data, allowing them to selectively disclose it to trusted entities.

How does decentralized identity work with KYC and regulatory compliance?

Decentralized identity structures can be integrated with Know Your Customer (KYC) procedures and regulatory conformity by providing a secure and streamlined approach to validating an individual's identity. With decentralized identity, users can share their validated identity data with trusted parties such as financial institutions, thus minimizing the necessity for repeated KYC processes. These frameworks can be architected to align with regulatory benchmarks, ensuring that user privacy endures safeguarded whilst meeting compliance requisites.

What is centralized vs decentralized identity?

These two types of identity management models differ in the way they store data and share it with others. While the centralized model stores all user data in a single, centralized location, the decentralized model distributes data across multiple locations and puts one's trust in its users.

What are the use cases of decentralized identifier?

Decentralized Identity Examples and Use Cases:Self-sovereign identity (SSI) for individuals;Decentralized finance (DeFi) ;Identity verification for digital onboarding;Healthcare identity management;Supply chain management;Voting and elections;Access control and authentication;Digital notarization;Personal data privacy and protection;Decentralized social networks;Digital identity for refugees and stateless persons;Digital identity for developing countries;Identity-based payments and micropayments;Identity-based loyalty programs;Digital identity for the Internet of Things (IoT);Personalized advertising and marketing;Cross-border identity verification;Humanitarian aid and disaster relief;Identity-based insurance;Digital identity for education and e-learning.

What is self-sovereign identity (SSI)?

Self-sovereign identity (SSI) is a concept that grants ownership, control, and management of identity data to individuals, eliminating reliance on central authorities. Within an SSI framework, individuals can independently establish and manage their digital identities, sharing their data selectively with trusted sources, and updating or revoking access as needed. SSI aims to empower individuals by giving them complete control over their identity data and enabling its secure and private use.

Are decentralized identity systems interoperable with other digital identity solutions and legacy systems?

Interoperability constitutes a challenge for decentralized identity systems, due to the diversification of standards and protocols within the digital identity landscape. However, endeavors are afoot to devise interoperable frameworks and standards that accommodate both blockchain-grounded and conventional identity systems. Initiatives like the Decentralized Identity Foundation (DIF) and the World Wide Web Consortium (W3C) are crafting specifications for decentralized identifiers (DIDs) and verifiable credentials, aiming to enhance interoperability across disparate identity platforms.