Decentralized Identity (DID) refers to a new approach to managing identities online, enabling individuals to control their personal information without relying on a central authority. This means users can create and own their identities while securely sharing specific data with others as needed.Traditional identity systems often depend on centralized entities like banks or government agencies that store personal information. In contrast, DIDs leverage blockchain technology, ensuring that identity data is encrypted and tamper-proof. This enhances security, reduces the risk of identity theft, and allows for a more private experience.With DIDs, users can verify their identities through cryptographic proofs rather than traditional documents. This allows for greater flexibility, as individuals can manage multiple identities for different purposes without needing to recreate or share sensitive information each time.Ultimately, the goal of DIDs is to empower users, giving them control over how their information is used and shared. This fosters trust and promotes a more secure and efficient way of managing identities in an increasingly digital world.
Avalanche Treasury Co. to Go Public in $675M Deal With Mountain Lake Acquisition
Avalanche Treasury Co. (AVAT), a digital asset treasury company aligned with the Avalanche Foundation, said Wednesday it has agreed to