The credit computation algorithms, the data origins, and the identity registrars are all governed by the LIT stakeholders. The relationships and activities of community members can be recorded on chain and generate community governance credit. For further use, all the governance credit will contribute to voting power.
Litentry Network processes DID verification, aggregation, and computation requests from service demanders and returns trustable results. The process will be implemented by a random set of validators in the network in a fully decentralized and transparent way.
Litentry is built on Substrate, which inherits great features and best technologies of the Blockchain industry. Litentry aims to be a Parachain of the Polkadot Network and benefit from the thriving cross-chain ecosystem and shared security.
Privacy protection is the foundation of the Litentry network and we do not want to breach the pseudo-anonymity of blockchain networks. Litentry supports incognito on-chain data processing.
We are building a series of tools to form an ecosystem for future Web3 identities and data