Civic added verification platform solutions that will be able to fight scams and bots on the network by limiting the number of wallets that an account can use so let’s read more today in our latest cryptocurrency news.
The Web3 identity and reputation company Civic added verification tools to its platform to fight bots and scams but also rug pulls with the uniqueness verification solution. The Chief Product Officer at Civic Jp Bedoya said:
“Uniqueness verification is one part of the suite of products that we have for enterprise, which is called Civic Pass. In a nutshell, it is a token that gets issued to a consumer’s wallet that is non-transferable and also non-visible directly via an explorer, that then attests to some form of verification.”
Recently, @civickey introduced the alpha version of https://t.co/P5uj67QMIG, a dashboard where you can privately manage your Web3 identity, presence and reputation.🧵 pic.twitter.com/HYE2yYkRz2
— JP Bedoya (@juamps) July 20, 2022
According to Civic, uniqueness verification is a service that is designed to stop bots from taking unfair advantage of NFT drops by simply limiting the number of wallets that one account can use for the drop. Each user will be able to use one wallet alone with the goal of preventing the bots from accumulating the bulk of the drop. Alogn with the uniqueness verification, Civic rolled out Civic.me as a paltform that allows users to manage their online identity, wallet addresses, and NFTs:
“That is the place where you will be able to manage your ever-growing NFT collection and all things related to your Web3 identity, profile, and persona. We realized NFTs have become a significant cornerstone of who you are on Web3.”
Civic launched in 2015 as an open source identity verification protocol on Ethereum which made online identity a focus for Web3 and offered enterprises and consumer solutions:
“I think that when it comes to security and cybersecurity within Web3, there are multiple pieces [to be considered] like access and hacking, and that just goes back to bugs and issues with code and smart contracts.”
Bedoya added that another piece of cybersecurity in Web3 that gets left out of the conversation is learning who is behind the wallet:
“That’s where something like Civic Pass and a token issued to wallets can start creating that foundational piece, to build knowledge on top and create a reputation.”
Please welcome @BigDaddyApeClub, now Verified by Civic Pass. Its team and ownership of https://t.co/M7nS785ccS have also been verified. Congrats! 🥳 pic.twitter.com/HB0RZww5dP
— Civic (@civickey) December 22, 2021
Civic spent most years building tools that prove a person’s liveliness and identity but the road was hard because providing someone’s liveliness doesn’t really keep them from running a scam. Civic also added that it verified the Big Daddy Ape Club via its Verified by Civic Pass Program and the program required verifying by taking control of the project’s Twitter to handle and the identity of the proejct founder like ID documents and face scans.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post