Galxe has launched the decentralized identity protocol Galxe Protocol.
BlockBeats reported on August 28th that Galxe announced the launch of its decentralized identity protocol, Galxe Protocol, which is supported by zero-knowledge proofs (ZKP). The Galxe Protocol aims to provide a decentralized identity verification system that allows users to fully control and protect their digital identities.
The protocol utilizes ZKP technology to ensure that users' private data remains fully encrypted during the verification process, thus achieving a secure and private identity verification method. This will help address the privacy and data misuse issues currently present in centralized identity verification systems.