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Home Cryptocurrency Altcoins

rewrite this title Protocol Village: River, Protocol for Securing Communications, Acquires Llama, Protocol for Decentralized Governance

Bradley Keoun by Bradley Keoun
November 1, 2024
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rewrite this title Protocol Village: River, Protocol for Securing Communications, Acquires Llama, Protocol for Decentralized Governance
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rewrite this content using a minimum of 1000 words and keep HTML tags

Privado ID (formerly Polygon ID), a privacy-focused digital identity platform, announced the launch of a “multi-chain, device-agnostic identity attestation protocol that allows people to seamlessly verify their credentials across multiple EVM-compatible blockchains,” an achievement it describes as an “industry first.” Evin McMullen, co-founder and chief strategy officer, said in a press release: “This protocol is the currently missing middleware infrastructure that mainstream Web3 ecosystems need to drive value continuously from the infrastructure toward the application layer.” According to the release: “At launch, Privado’s universal verifier is already deployed by such prominent blockchain ecosystems as Linea, Polygon PoS, Polygon zkEVM, and Ethereum, with more EVM and non-EVM networks scheduled for deployment in the coming months. Privado ID is also actively collaborating with blockchain ecosystems, protocols and enterprises and government entities to continue expanding the ecosystem of compatible platforms in the future. The new protocol introduces cross-chain compatibility, allowing users to verify their identity once and use it across any supported blockchain. These unified digital credentials, which can unlock access or capabilities for users used across multiple decentralized ecosystems and devices, offer a technically resilient form of identity compatible with legacy institutions like banks and governments.”

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