New Platform in Blockchain Field
Origin and Purpose: Platform Y, developed by the founding team of Lido Finance, will directly compete with World Network, where Sam Altman plays a leadership role. Y aims to overcome the limitations World Network currently faces, especially in user identity verification conducted through iris scanning.
Current Limitations of World Network
– Privacy: Biometric data, although encrypted, still raise concerns about potential leaks.
– Data Black Market: There is a trade in buying and selling iris scan data to create fake accounts.
– Centralization: World’s uses centralized hardware, contrary to the decentralized nature of blockchain.
Approach of Y
Y will focus on building digital identities through data users have established on networks, such as blockchain history and social media activities. This solution will not only protect privacy but also reduce the risk of fraud.
Development Strategy and Vision
Additionally, Y’s marketing techniques will exploit the issues World Network faces to attract attention from the community, which will help Y create significant differentiation in the blockchain space. Y’s vision is to develop into a super crypto app, enabling users to manage and profit from their digital identities.
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