Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Airdrops could be a testbed for blockchain-based identity frameworks

CryptopolitanCryptopolitan2024/08/27 16:00
By:By Jai Hamid

Share link:In this post: Vitalik Buterin advocates for airdrops in testing blockchain-based identity systems. He argues they could make proving who you are online more secure and private. Traditional identity methods like passwords and biometrics are flawed because they can be hacked or exploited, making your personal info vulnerable.

Let’s talk about airdrops. Not the ones where you get free stuff just for showing up, but the ones that could redefine how we think about identity on the blockchain. Yeah, sounds wild, but stick with me. 

Vitalik Buterin recently said airdrops might be the perfect playground for testing blockchain-based identity frameworks. These frameworks are all about proving who you are without spilling all your secrets. 

According to Vitalik, airdrops can help figure out who’s a legit member of a community, reward those who’ve actually done something useful, keep things fair, and avoid getting gamed by bots or scammers. 

Sounds like a lot for a little token drop, right? But that’s the point. It’s like throwing these frameworks into the deep end to see if they can swim.

Now, this might sound like some futuristic experiment, but it’s already happening. Vitalik pointed out that identity in the digital world is a disaster. Think about it: passwords, biometrics, social media logins—all these methods suck at keeping your identity safe. 

Passwords get hacked, biometrics get spoofed, and social logins? Don’t even get me started. Most of these systems just link all your actions to one identifier, making it easy for anyone who cracks that to track you everywhere.

See also Aave V3 Launches on Ethereum layer 2 network ZKsync Era

And privacy? That’s often seen as some luxury only for those with something to hide. 

But in reality, keeping your info private is the whole point of having a good identity system in the first place. If it can’t protect your identity while proving it, then what’s the point?

Biometrics and single points of failure

Biometrics might seem like a good solution at first. I mean, who doesn’t love the idea of using a fingerprint or an eye scan to log in? But here’s the thing. When you use biometrics, you’re basically putting all your eggs in one basket. 

Look at systems like Aadhaar in India. Every time someone uses their biometric data to prove who they are, that info gets linked back to everything they’ve ever done with that ID. The government or any other authority running the show can see it all. Scary, right?

And then you’ve got something like Worldcoin that only uses biometrics to set up an account. That sounds better for privacy, but it’s also super easy to exploit. Hackers can steal or sell these accounts, and once someone cracks the code on how to fake an eyeball scan with AI, it’s game over.

So, what’s the solution? Vitalik is pushing for something called intersectional social identity. Think of it like this. Instead of relying on one thing to prove who you are (like a fingerprint), you use a whole mix of your actions and relationships. It’s not just one system holding all the cards. 

See also Tether CEO Paolo Ardoino promotes El Salvador as Europe's freedom erodes

This approach draws from danah boyd’s old-school idea of “faceted identity,” which is about using all the different parts of our social lives to build a more resilient identity framework. 

You prove you’re a legit member of a community not just because you have a password or biometric scan but because multiple trusted sources can vouch for you. It’s like getting a bunch of references for a job, but in the digital world.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!

You may also like

Cryptocurrency Statement from Visa: “The Future Will Be Different”

Visa's cryptocurrency manager, Cuy Sheffield, spoke about the future of the industry in his statement. Here are the details.

Bitcoinsistemi2024/09/20 22:15

Will Altcoin Season Begin? Analytics Company Gives Its Opinion

Is there a possibility of a rally on the altcoin side after the FED makes a big interest rate cut? The analysis company shared.

Bitcoinsistemi2024/09/20 22:15

Michael Saylor’s Bitcoin Claim Dropped Like a Bomb: “According to Credible Rumors…”

MicroStrategy board chairman Michael Saylor touched on a Bitcoin claim in his statement.

Bitcoinsistemi2024/09/20 22:15