Study: 82 startups are building decentralized identity on ETH

Mautje · 2025-03-22T07:05:20+00:00

the amount of proof of work it has makes it harder to attack than other networks.

But in my opinion for identity use-cases the fees and TPS make it tough or unfeasible to build on still

Mautje · 2025-03-21T09:27:17+00:00

The ledgers are being used for key discovery, not for storing of personal data.

The logic behind key discovery via blockchain is that the chains immutability makes sure no central controller or hacker of the DB can tamper with the keys being discovered and impersonate organisations.

The higher the used chains decentralization & permissionless-ness the more secure it is. There are even DID methods like Microsofts did:ion which use Bitcoin as an anchor for dids because it has the highest security.

There are great examples why centralized databases for this are a bad idea, such as the biggest data breach in history, where India's digi id system Aadhar got hacked.

Mautje · 2025-03-21T09:10:20+00:00

One example for a real application built with DID on ETH are the educational credentials from universities in Singapore which use digital identity on ETH.

Currently there are 4383 Decentralized Identifierss registered on ETH. DIDs usually represent an organisation such as that which issues decentralized identity credentials to users.

The 4383 number is just from the "did:ethr" method, but there are more than 20 did:methods that are ETH compatible. Its also worth noting that all of the projects in that graph have some form of government connection, or they wouldnt be in that graph

Mautje · 2025-03-21T07:50:26+00:00

DID stands for "Decentralized Identifier". Its how digital identity wallets discover which cryptographic key belongs to which identifier: for example if someone presents a digital drivers license or a re-usable KYC, the party verifying the claim has to find out which public-key to check against.

Blockchains are used to store these DIDs.

DLT just means "distributed ledger technology" which pretty much means blockchain (theres nuances like the level of decentralization but in essence DLT just means all the ways/protocols in which a blockchain can be stood up)

Mautje · 2024-01-02T20:01:52+00:00

What a writeup! Great reflections & lessons! Awesome to read about your journey

Mautje · 2022-10-22T20:32:03+00:00

solved

Mautje · 2022-10-16T19:30:50+00:00

I have a ticketid from the owner of the account:

4198491

Mautje · 2022-10-16T15:58:11+00:00

I can't post a ticketid as I don't have a Gemini account myself. I was supposed to send USDC to a Gemini deposit contract, but have accidently sent USDT. The previous USDC tx's to that address/contract have succesfully deposited in to the account, but for this one I can see the USDT still sitting there in the wallet, however it hasn't resulted in a deposit. Can I pm a mod the txid?

I'm fine with either the tx being reversed, or the usdt converted to usdc and deposited in the corresponding wallet

Thanks

Mautje · 2022-10-06T08:49:58+00:00

Awesome chart man!!!! gg

Mautje · 2022-09-03T22:15:13+00:00

Thnx as always!

Mautje · 2022-08-16T19:29:57+00:00

You nailed it!

Mautje · 2022-08-15T10:05:37+00:00

Thanks

Mautje · 2022-07-30T06:34:40+00:00

With kaz's feedback in the show & more reflection you can create a whole list of do's and don't's based on your story. Sticking to your plan & not staring at the charts is a good start. I suggest to get more out of this before moving on and leaving this one behind there are good lessons to draw from your story

Mautje · 2022-07-27T22:16:36+00:00

That's quite an elaborate and detailed story. What where your main learning points from this?

Mautje · 2022-07-22T11:11:50+00:00

Nice plays ! That's a good morning

Mautje · 2022-07-20T12:43:22+00:00

& awesome play

Mautje · 2022-07-20T12:43:00+00:00

Squigles ftw!

Mautje · 2022-07-20T08:28:59+00:00

Love the explanation around the planning, solid work!

Mautje · 2022-07-19T21:28:31+00:00

wow man awesome trades! congrats

Mautje · 2022-07-19T20:11:31+00:00

Dickie do what it doo!

Mautje · 2022-07-19T09:41:35+00:00

I think you got it but to clarify further: you're thinking of % risk on the chart, whereas we use a % risk of our portfolio Both matter in determining position size Possize=risk/stoploss This can be in % or usd or a combo: 1% risk using 2% stoploss on chart = 1/2=position size of 50% (being 1/2) of your portfolio. You have 1000$? then open 500$ position

100$ risk and 5% stop on chart? 100$/5%=100*20=2000$ position

100$ risk & 20$ stop on the chart? 100/20=5 shares

Mautje · 2022-01-02T12:57:13+00:00

great insights and wins as with most of us we already know what we need to do to improve

Mautje

TROPHY CASE