With the 2nd opening of the auction of Parachain positions, the ecosystem Polkadot recently attracted a lot of attention from investors. With the end of the auction round on Kusama at the earliest, Kilt will be a bright name in this 6th parachain position. Let’s learn about this Kilt Protocol project with GTA Research!
Reference article: https://goctienao.com/kusama-la-gi/
What is Kill Protocol?
Kill Protocol is an open-source blockchain protocol that allows users to validate individual attributes and obtain real identity from trusted entities.
It was built to support the software industry, Kilt has a simple mechanism to describe and publish content accordingly.
Kill Protocol provides a base class for Web3 verifiable credentials. Kilt partners with government agencies to build high-level digital registries for the country.
It is also a flagship project initiated by the German Ministry of Economy and Energy to build an alternative to Europe’s CloudComputing.
Kilt has the following three main characteristics:
Proprietary Identity and Data: The protocol uses three peer-to-peer roles to maintain and authenticate the network: Claimer, Attester, and Verifier. The Requester can be an individual or an organization. The Endorser is a trusted party that receives the Requester’s requests and ensures that the above information is correct. The Verifier is responsible for linking the Requester to the Endorser by creating a demand on the chain, after which the Verifier will receive the authentication information between the Requester and the Endorser.
Polkadot Liquidity Mechanism (Polimec): This is an open source Blockchain system (open-source) designed to increase liquidity for projects on Polkadot that have not opened for sale of Tokens.
In general terms, Kilt Protocol is quite similar to a project also built on the Polkadot ecosystem. Litentry is a Decentralized Identity Aggregator DID (Decentralized Identity Aggregator DID) built on Polkadot’s Substrate.
Buy and sell LIT tokens in VND at: https://bitmoon.net/mua-ban/litentry
KILT has a decentralized identifier (DID Decentralized Identifier) that uniquely identifies an entity or device and information.
Provides a way to express a person’s identity without revealing things the user does not want.
KILT brings a real-world out-of-the-box solution to the blockchain with processes similar to those outside the real world.
Bring all your information into the digital world while at the same time ensuring that your personal data is always private.
KILT can also be used to format a machine or anything that needs to be verified on it.
KILT is built like Polkadot on Parity Substrate. That makes KILT suitable for interoperability with other ecosystem projects and allows the use of Parachain.
Team- Development team
Founder and CEO, Ingo Rübe: Ingo Rübe is the Founder and CEO of BOTLabs, the company that develops the KILT Protocol. As CTO of Hubert Burda Media, he initiated the open source CMS Thunder and was previously the IT Project Manager at Axel Springer. Ingo is a founding member of the International Association for Trusted Blockchain Applications (INATBA) and serves on the Board of Directors of the Drupal Association.
Vice President of Business Development, Christine Mohan : Christine Mohan has 25 years of experience in software and digital media, working for startups and companies including The New York Times and The Wall Street Journal. Previously, she was the CMO of the Web3 Foundation/Polkadot and co-founder of Civil Media, a blockchain distribution platform.
Operations Director, Matthias Moller: Matthias has twenty years of professional and leadership experience in the development and delivery of digital services for the media and internet industries. Since the early days of the Internet, he has managed the development of end-to-end and end-to-end internet services for high traffic and scalable products.
And there are a few other members of the team you can see details here.
Roadmap- Project roadmap
Quarter 1 of 2021:
- Run Testnet Mashnet
- Run demo on Rococo
Second quarter of 2021:
3rd quarter of 2021:
- Parachain Auction
- Run Spiritnet Mainnet
- Launch of Sporran Wallet
Quarter 4 of 2021:
Token Use Case
When the project runs mainnet, Token Kilt is used with 3 main features:
- Payment: Requesters will have to pay for their services on the system. KILT will be used as the main copay for the entire system.
- Administration: KILT token holders will be able to participate in voting activities on changes to the system.
- Staking: Users can Staking to receive rewards from the system and staking participants will increase the security of the system.
- Token Name: Kilt Protocol Token
- Tickers: KILT
- Blockchain: Updating
- Contract: Updating
- Token Type: Governance, Utility
- Total Supply: 1,000,000,000 KILT
- Circulating total supply: Updating
KILT is allocated as follows:
Token Release Schedule
How to own KILT . token
Currently, the KILT token is not listed on any exchange, currently if you want to own this token, you must contribute to the project on Kusama to receive the KILT token reward.
KILT Protocol is a project that is considered to be very potential and has a great chance of winning Parachain auction rounds. The project team are all experienced people and were initiated by the German government. This is an important step forward for the blockchain industry.
The project is currently participating in the auction on Parachain and has obtained certain successes.
GTA will update the latest information of this KILT Token, please follow us to be able to update the latest information about this project.
Above are GTA Research’s evaluations of the KILT Protocol project, hopefully through the above article you can get useful information. All information above is for reference only and does not encourage investment. Thank you!
Buy and sell Coins at Prestigious Bitcoin exchange in Vietnam?
In addition, if you want to buy and sell coins in VND at the Bitcoin exchange in Vietnam, you can visit Bitmoon to trade! This is one of the most prestigious exchanges in Vietnam today.