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How decentralized identities are reshaping our communities and digital identities — Interview with d.id

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Decentralized identities offer ownership and control over digital identities, increasing user empowerment and promising greater sovereignty in the digital landscape. In the digital age, decentralized identities (DIDs) are gaining traction, offering individuals control over their digital identity and promising a more sovereign internet. Tim Yeoh — a pioneer in this field and founder of d.id, a company that provides DID solutions — compares DID to Bitcoin (BTC), as both empower users with autonomy. In this interview, Yeoh discusses the importance of community governance in DID, the evolution of the d.id ecosystem and its role in simplifying the transition to Web3, and how DID’s ability to decouple identity from applications will redefine online interactions, communities and personal identities. Cointelegraph: In today’s digital age, the concept of identity has undergone a radical shift. In layman’s terms, can you explain de central ized identities and why they are gaining traction? Ti...

Decentralized storage platform introduces perpetual storage and community satellite

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The latest update would incentivize the community to participate in the ecosystem and make enterprise storage viable for all. Decentralized storage networks are getting increasingly popular over mainstream centralized ones such as AWS, Google and Microsoft. The primary reason for the shift is low cost of operations and security.  Some of the notable decentralized storage platforms are Filecoin, Siacoin, Bititorent, and Storj. Among these platforms, Storj has developed a new scalable solution called Storj NEXT, promising more scalable decentralized solutions for Web2 and Web3 firms alike. With a focus on community building, the latest upgrade introduces a new economic model that provides for broader participation in the Storj ecosystem.  Storj is a decentralized system of distributed object storing, which keeps information encrypted. Storj is based on Bitcoin's blockchain technology and peer-to-peer protocol in order to provide safe and efficient cloud storage. Storj utilizes unuse...