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Sunday, February 25, 2024
More
    bitcoin
    Bitcoin (BTC) $ 51,632.83
    ethereum
    Ethereum (ETH) $ 3,038.28
    tether
    Tether (USDT) $ 0.999934
    bnb
    BNB (BNB) $ 384.55
    usd-coin
    USDC (USDC) $ 0.999808
    xrp
    XRP (XRP) $ 0.544145
    binance-usd
    BUSD (BUSD) $ 1.00
    dogecoin
    Dogecoin (DOGE) $ 0.086072
    cardano
    Cardano (ADA) $ 0.588881
    solana
    Solana (SOL) $ 102.71
    matic-network
    Polygon (MATIC) $ 0.97491
    polkadot
    Polkadot (DOT) $ 7.76
    tron
    TRON (TRX) $ 0.137559

    Argentina Leads with zkSync-powered QuarkID

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    • Buenos Aires is ready to revolutionize citizen identification with a blockchain-based system, leveraging zkSync by means of QuarkID for enhanced safety and privateness.
    • This revolutionary method connects with Ethereum, Polygon, and Rootstock, marking a major leap in technological interoperability and digital id administration.

    Buenos Aires is making ready to implement a citizen identification system primarily based on blockchain expertise, utilizing zkSync by means of QuarkID. This method will join with platforms comparable to Ethereum, Polygon, and Rootstock, marking a major advance in technological interoperability.

    The arrival of QuarkID in Buenos Aires signifies the beginning of an autonomous digital id venture that integrates zkSync into its community of alliances. This strategic transfer facilitates dependable verification by means of the rollup on the Ethereum blockchain, setting a precedent in digital information administration.

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    QuarkID positions itself as a pioneer within the creation and administration of digital identities, primarily based on a decentralized mannequin. This method is based on public key cryptography and the distributed ledger of giants like Ethereum, Polygon, Rootstock, and now zkSync, establishing itself as a frontrunner within the implementation of this method.

    This technological development guarantees a future the place every particular person, outfitted with a cellular system, can have absolute management of their digital id, revealing solely what is critical to acquire providers, confirm their id on-line, or in any state of affairs that requires the affirmation of private information. The immutability of distributed ledgers ensures the integrity of data as soon as verified, following the Bitcoin mannequin.

    Quark ID “permits new methods to make use of your private data and redefines entry to providers,” its creators say. Supply: QuarkID.

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    QuarkID, an open-source venture, adopts zero-knowledge proofs, just like these utilized by zkSync to enhance Ethereum’s scalability. These cryptographic proofs enable for the demonstration of the reality of an announcement with out disclosing details about the assertion itself.

    On the earth of distributed ledgers, zero-knowledge proofs empower customers to validate the authenticity of transactions and good contracts whereas sustaining their privateness. zkSync embodies the precept of “don’t belief, confirm,” simplifying advanced processes and facilitating operations with a single click on, paving the best way towards extra built-in and harmonious methods.

    zkSync additionally stands out for its cost-efficiency. Among the many varied scalability options primarily based on Ethereum, zkSync provides operations at a a lot decrease price.

    QuarkID emerges as an avant-garde venture in digital id, grounded in cryptography and blockchain expertise, the results of collaboration between private and non-private entities. Collaborators embrace the Authorities of the Metropolis of Buenos Aires, the municipalities of Vicente López and Luján de Cuyo, together with firms comparable to Extrimian, OS Metropolis, IOV Labs, Xcapit, BEON.tech, and Matter Labs, creators of zkSync. Its launch, initially scheduled for January 2023, is at the moment in a testing part with a choose group of customers.

    Any entity that joins this open protocol will be capable to concern digital identities, selling a clear and accessible registry for all. The verification of data can be saved on the chosen community, making certain transparency and equitable entry for all contributors.

    Knowledge safety is essential on this setting, the place decentralized networks provide a strong protection in opposition to cyberattacks, preserving the privateness and safety of citizen data in a context of accelerating vulnerability.

    See also  Crypto pundit Polynya takes goal at ‘cripplingly dangerous’ monolithic blockchains

    Wanting past Buenos Aires, QuarkID seeks to develop to different areas of Argentina comparable to Vicente López, Luján de Cuyo, Mar del Plata, Salta, and Entre Ríos, and can be outlining plans for cities in Mexico and Colombia.

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