What is KILT Protocol
KILT is an open-source blockchain protocol for issuing verifiable, revocable, and anonymous claims-based credentials in Web 3.0.
KILT’s mission is to return control over personal data to its owner, restoring privacy to the individual and enabling innovative business models around identity and credentials.
KILT provides a way to represent your identity without revealing things you prefer to keep private. It brings the old process of trust in real-world verifiable credentials (passport, driving license, certificate, etc.) to the digital world, while keeping your data private and in your possession. Users have the option to store information and can choose what information they want to disclose and to whom.
Developers can use KILT to create identifiers for people, machines, services and anything that identities can be built on. Using KILT's open source Javascript SDK, they can quickly spin up applications for issuing, holding and verifying credentials in order to create businesses around identity and privacy.
KILT was built on Parity Substrate, launched mainnet as a Kusama parachain in September 2021. KILT is integrating with Kusama and Polkadot projects like gaming, NFTs, DeFi and DEXs; KILT is also implementing enterprise partnerships in the energy, health care and banking sectors.
KILT launched as a fully decentralized parachain in November 2021 with three major token utilities: payment, on-chain, and staking mechanisms for collators and delegators. Regardless of whether KILT Protocol moves from a Kusama to a Polkadot parachain (as determined by community governance), there would be only one KILT network and one KILT Coin across both.
KILT Protocol vs Stoic
It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.
There is no guarantee that In 5 years, KILT would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of KILT might derail its progress.
Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including KILT.
Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.
The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.
Over 12,000 people already use Stoic to automate their crypto investing.