
KILT Protocol
Crypto Overview
Overview and Purpose
KILT Protocol is a blockchain protocol designed to issue self-sovereign, verifiable credentials and decentralized identifiers. It enables users to claim attributes about themselves, get them attested by trusted entities, and use these credentials where needed while maintaining data privacy.
Business Model & Utility
The KILT token serves multiple purposes within the ecosystem: It's used to pay for credential attestations, secure the network through staking, and participate in governance decisions. The business model focuses on providing decentralized identity solutions, which aligns with Islamic principles of transparency and trust.
Real-World Adoption
KILT has established several notable partnerships, including with the German government's Energy Web ID system and various blockchain projects in the Polkadot ecosystem. The protocol is actively used for identity verification and credential management.
Platform Development
Development activity is consistent, with regular updates to the protocol and expansion of use cases. The project maintains an active GitHub repository and has a dedicated team working on improvements and new features.
Token Distribution
KILT's token distribution includes allocations for development, ecosystem growth, and community initiatives. While founders and early investors received allocations, there are vesting schedules in place to ensure long-term alignment with project goals.
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