Hypersign IdentityPrice

(HID)

Hypersign Identity is a decentralized identity and access management security solution designed to give individuals full control over their personal data. Built on the principles of Self-Sovereign Identity, the project aims to eliminate common digital security issues like data breaches and the reliance on centralized intermediaries. It provides a framework where users can manage their digital identifiers and verifiable credentials without needing traditional passwords or centralized service providers. The core technology relies on a permissionless blockchain network built using the Cosmos-SDK. This infrastructure enables the creation and management of decentralized identifiers that are recognized by the World Wide Web Consortium standards. One of its standout features is the use of Zero-Knowledge Proofs, which allow users to prove the validity of their information, such as age or citizenship, to a third party without revealing the actual sensitive data itself. The ecosystem consists of several key tools for both users and developers. For individuals, there is an identity wallet available as a mobile application and browser extension for storing private keys and managing credentials. For developers, the project offers a studio and a software development kit to integrate decentralized identity into applications. There are also adapters designed to help existing businesses convert their current security systems into decentralized, password-less setups. The native utility token of the network, known by the symbol HID, serves multiple purposes within the protocol. It is used to pay for the creation of decentralized identifiers and to cover fees associated with processing transactions and storing data on the network. Additionally, the token is used to incentivize identity and service providers who maintain the network and verify transactions. It also plays a role in network governance and staking. The project was co-founded by Irfan Khan, Vikram Bhushan, and Vishwas Bhushan, who brought experience from sectors like network security, telecommunications, and national payment infrastructures. Through its various services, including on-chain KYC and digital reputation management, Hypersign Identity seeks to provide a privacy-centric layer for Web3, decentralized finance, and the broader internet. Learn more

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