Understanding Self Sovereign Identity in Web3
Introduction The Web3 industry has seen tremendous growth in recent years. Decentralized Finance (Defi), Non-Fungible Tokens (NFTs), Decentralized Autonomous Organizations (DAOs), etc. have received a lot of media attention and funding. Moreover, these sectors will continue to grow in the future. But behind these concepts lies an interesting and exciting notion of Web3 identity. Her Web3 identity for users is fundamental to Web3 development and a whole space to realize the full potential of decentralization. So, in this blog, we'll explore everything you need to know about Web3 IDs. Meaning of Self-Sovereign Identity (SSI) SSI (Self-Sovereign Identities) provides centralized control over information about users entirely. Ultimately, this is in line with the core ideas of Web3 . SSI eliminates the need to store personal information on central servers and databases. Instead, individuals control the information they share, ensuring a higher level of privacy. represents. An ecos