Deep Dive
1. Purpose & Value Proposition
Humanity Protocol addresses Sybil attacks (fake accounts) in Web3 by creating a privacy-first identity layer. Unlike Web2 models where platforms control user data, it employs Self-Sovereign Identity (SSI), letting users prove traits like uniqueness or credentials without revealing personal details. For example, a user could confirm they’re human for an airdrop via a palm scan, with zero-knowledge proofs ensuring no biometric data leaves their device (Gitbook).
2. Technology & Architecture
The protocol combines palm-vein recognition (via smartphone cameras or infrared scanners) with a zkEVM Layer 2 blockchain. This setup allows:
- Decentralized Verification: Nodes validate proofs without accessing raw biometric data.
- Interoperability: Credentials (e.g., KYC status) can be reused across apps via DID/VC standards.
- Upgradability: Modular design supports future integrations like AI-driven fraud detection (Yahoo Finance).
3. Tokenomics & Governance
The H token (10B total supply) incentivizes network participation:
- Identity Verification Rewards: Users earn H for completing palm scans or validating others.
- Governance: Token holders vote on upgrades, like adjusting biometric thresholds.
- Ecosystem Fund: 24% of supply funds partnerships (e.g., with Mastercard for financial access). However, 29% of tokens allocated to early investors have sparked concerns about centralized influence (CoinMarketCap Community).
Conclusion
Humanity Protocol reimagines digital identity by prioritizing user ownership and privacy, but its success hinges on balancing decentralization with real-world adoption. Can it scale biometric verification globally while maintaining resistance to regulatory and technical challenges?