Cryptopia

We might take proof of identity for granted if we are privileged enough to have obtained government IDs such as a social security card or a passport. The reality, however, is that many people <a href="https://cointelegraph.com/explained/what-is-decentralized-identity-in-blockchain" rel="noopener noreferrer nofollow">do not enjoy the same kind of access</a>.“A verifiable proof of existence is often needed for citizens to access essential services like healthcare, banking and education. Unfortunately, according to Worldbank data, 1 billion people on our planet still do not have an official proof of identity. A considerable part of the population is in a precarious position, unable to vote, open a bank account, own property or find a job. The inability to obtain identification documents limits people&#39;s freedom.“What’s more, traditional centralized identification systems are insecure, fragmented and exclusionary. Centralized identity databases are at risk as they often become prime targets for hackers. From time to time, we hear about hacks and attacks on centralized identity solutions in which thousands and millions of customer records are being stolen from major retailers.”To <a href="https://coinmarketcap.com/community/articles/64884d364319ef64c537064c/" rel="noopener noreferrer nofollow">embrace diversity, equity, and inclusion</a>, society needs to move toward the adoption of decentralized identity in the form of decentralized identifiers (DIDs).What are DIDs, and how do they <a href="https://ethereum.org/en/decentralized-identity/#benefits-of-decentralized-identity" rel="noopener noreferrer nofollow">differ from traditional identifiers</a>?“Traditional identifiers like your legal name or email address rely on third parties—governments and email providers. Decentralized identifiers (DIDs) are different—they aren&#39;t issued, managed, or controlled by any central entity.“Decentralized identifiers are issued, held, and controlled by individuals. An Ethereum account is an example of a decentralized identifier. You can create as many accounts as you want without permission from anyone and without the need to store them in a central registry.“Decentralized identifiers are stored on distributed ledgers (blockchains) or peer-to-peer networks. This makes DIDs globally unique, resolvable with high availability, and cryptographically verifiable. A decentralized identifier can be associated with different entities, including people, organizations, or government institutions.”The blockchain, after all, is a trustless system. This means that instead of relying on a trusted third party such as a bank to verify transactions, trust is built into the technology itself.DIDs bring control of their own identities <a href="https://www.okta.com/blog/2021/07/we-see-decentralized-identity-in-our-future/" rel="noopener noreferrer nofollow">back to the user</a>. Think about how traditional identifiers are tied to different systems that store your information and control your data, whether it’s your Gmail email address, Facebook account, or bank account.DIDs offer a number of <a href="https://www.cryptoaltruism.org/blog/infographic-5-potential-benefits-of-a-decentralized-digital-identity" rel="noopener noreferrer nofollow">benefits to users</a>, including security, access, trust, ownership, and financial and social inclusion.“For the one billion people around the world who lack access to proof of identity, a decentralized digital identity could provide them with the credentials they need to access essential financial and social services, whether it&#39;s opening a bank account, purchasing a mobile phone plan, or applying for vital community services.”As a<a href="https://coinmarketcap.com/community/articles/63d7726487181d5515e4e057/" rel="noopener noreferrer nofollow"> blockchain-based metaverse game and virtual city-state</a>, Cryptopia is a proof of concept for the real world. One of the reasons it was created was to prove that decentralization works in the real world and that it is possible for society to run on blockchain technology and embrace the Web3 ethos.The vision for Cryptopia as laid out in the fictional <a href="https://github.com/cryptopia-com/whitepaper-legacy/blob/main/Cryptopia_Legacy__White_Paper.pdf" rel="noopener noreferrer nofollow">second white paper</a> of Satoshi Nakamoto is twofold:<ul><li>Demonstrate that a society founded on blockchain technology is sustainable.</li><li>Provide a haven for humanity that will preserve the fabric of society, then facilitate a resurgence of growth.</li></ul>In fact, Cryptopia is so fully committed to proving that decentralization works that it has been <a href="https://coinmarketcap.com/community/articles/645080f6c1d7e422b683e6fb" rel="noopener noreferrer nofollow">designed to be an eternal game</a>. Since it’s built completely on the blockchain, no one—not even the creators—can pull the plug on this Web3 game.Once the game is launched, it will be turned over completely to the players, who will hold Cryptopia’s fate in their hands and decide its future direction—for generations.In this sense, Cryptopia is also a proof of concept for DIDs. For instance, it makes use of <a href="https://www.coindesk.com/learn/custodial-wallets-vs-non-custodial-crypto-wallets/" rel="noopener noreferrer nofollow">non-custodial crypto wallets</a> that are automatically generated for players once they create their game accounts, and coupling that with avatar creation, leads to a more seamless onboarding experience.No wonder, then, that DIDs are seen as the <a href="https://www.forbes.com/sites/williamanderson/2023/03/15/dids-on-the-blockchain-how-decentralized-identifiers-are-the-future-of-online-identity/?sh&#61;5dab584d138d" rel="noopener noreferrer nofollow">future of online identity</a>.“Our identities have become increasingly digital. Managing these digital identities, scattered across various databases and technologies, has become a significant challenge, especially as traditional methods like passwords and two-factor authentication can be compromised. Decentralized Identifiers (DIDs) have emerged to solve this challenge.“The DID spec is a very simple and powerful tool for standardizing how we refer to any identity. Whether for you as an individual, an object you own, a business or more unique public identifiers that are verifiable by anyone else without a centralized authority build an image for a digital future that is more secure and represents you more as a bespoke individual.”In fact, it is predicted that decentralized identity solutions will drive the next wave of <a href="https://venturebeat.com/data-infrastructure/next-wave-of-defi-will-be-driven-by-decentralized-identity-solutions/" rel="noopener noreferrer nofollow">decentralized finance</a> (DeFi).“This approach could open the door for everyone, from individual investors to major corporations, to join the DeFi revolution. DIDs could be designed to always stay in line with legislation in a given jurisdiction, meeting the regulators halfway and preventing the regulations from being broken. Customers could trust their services and vice versa, making all forms of finance and commerce function much more smoothly and with a significant reduction in fraud. Best of all, average citizens could actually have control of all of their own information, protecting them from malicious activity.“What needs to be recognized is that this isn’t just a great theory; it’s already a reality. Decentralized protocols have been developed to allow for exactly these types of IDs and in some industries, they are already being used. Soon, others will start rolling out similar solutions for their customers, bringing greater security and peace of mind for everyone.“This is the last puzzle piece that has been holding back mass adoption in DeFi.”After all, everyone deserves access to essential services, just as everyone should enjoy the benefits of Web3.Owning your identity and bringing it everywhere you go is the first step toward making mass adoption and inclusion a reality.—————————————————————————————————————What is Cryptopia? Cryptopia is an upcoming blockchain game that stands out by design: • Free to earn: everyone can play and earn. No need to buy an NFT first • 100% decentralized: the game runs on the blockchain in combination with a node network • Fun to play: play the way you want!Official Links [Website] <a href="https://cryptopia.com/?ref&#61;CMC" rel="noopener noreferrer nofollow">https://cryptopia.com</a> [Wiki] <a href="https://wiki.cryptopia.com/" rel="noopener noreferrer nofollow">https://wiki.cryptopia.com</a> [Discord] <a href="https://discord.com/invite/cryptopia" rel="noopener noreferrer nofollow">https://discord.com/invite/cryptopia</a> [Facebook] <a href="https://www.facebook.com/CryptopiaOFCL" rel="noopener noreferrer nofollow">https://www.facebook.com/CryptopiaOFCL</a> [Twitter] <a href="https://twitter.com/CryptopiaOFCL" rel="noopener noreferrer nofollow">https://twitter.com/CryptopiaOFCL</a> [YouTube] <a href="https://www.youtube.com/&#64;CryptopiaOFCL" rel="noopener noreferrer nofollow">https://www.youtube.com/&#64;CryptopiaOFCL</a> [Instagram] <a href="https://www.instagram.com/cryptopiaofcl" rel="noopener noreferrer nofollow">https://www.instagram.com/cryptopiaofcl</a> [CoinMarketCap] <a href="https://coinmarketcap.com/community/profile/Cryptopia" rel="noopener noreferrer nofollow">https://coinmarketcap.com/community/profile/Cryptopia</a> [Twitch] <a href="https://www.twitch.tv/cryptopiaofcl" rel="noopener noreferrer nofollow">https://www.twitch.tv/cryptopiaofcl</a> [Spotify] <a href="https://open.spotify.com/show/4jkkGIZyiSkQvYLWqGLWVE" rel="noopener noreferrer nofollow">https://open.spotify.com/show/4jkkGIZyiSkQvYLWqGLWVE</a> [Telegram] <a href="https://t.me/cryptopia_ofcl2022" rel="noopener noreferrer nofollow">https://t.me/cryptopia_ofcl2022</a>For Investors [Private sale] <a href="https://app.cryptopia.com/privatesale-entry?ref&#61;CMC" rel="noopener noreferrer nofollow">https://cryptopia.com/privatesale</a> [Early-access NFTs] <a href="https://app.cryptopia.com/early-access?ref&#61;CMC" rel="noopener noreferrer nofollow">https://app.cryptopia.com/early-access</a> [Cryptopia Roadmap] <a href="https://sharing.clickup.com/24415847/b/q93k7-827/board" rel="noopener noreferrer nofollow">https://sharing.clickup.com/24415847/b/q93k7-827/board</a>

Decentralized Identity: How DIDs Can Help Build a More Inclusive World

Cryptopia

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