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KILT Protocol will migrate from Kusama relay chain to Polkadot relay chain



Time:8/16/2022 12:29:22 PM

[KILT Protocol will migrate from Kusama relay chain to Polkadot relay chain] On August 16th, BOTLabs GmbH, the main developer of the Kusama ecological identity protocol KILT Protocol, announced plans to migrate the KILT blockchain from Kusama relay chain to Polkadot relay chain, all KILT token balances will be automatically migrated to the new Polkadot parachain. Last week, BOTLabs GmbH won the 24th Polkadot parachain slot auction.

BOTLabs will launch a migration governance proposal in mid-September, and if approved, the migration will be implemented in early October. KILT is a blockchain identity protocol for issuing autonomous, anonymous, verifiable credentials and decentralized identifiers (DIDs).

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The Ethereum Kiln testnet will be closed next week: On September 9th, the Ethereum Foundation announced that the Ethereum Kiln testnet will be closed next week. The validator will be closed. In addition, the Ropsten and Rinkeby testnets will also be closed in the fourth quarter of 2022 and the second quarter of 2023, respectively. [2022/9/9 13:20:16]

BOTLabs released the identity verification tool SocialKYC on the KILT protocol: Jinse Finance reported that according to the announcement issued by BOTLabs Trusted Entity, a wholly-owned subsidiary of BOTLabs GmbH, the SocialKYC identity verification tool has been launched on the Polkadot ecological project KILT Protocol. SocialKYC is activated with KILT wallet Sporran to provide crypto users with secure tools to store, manage and present their social credentials.

SocialKYC can create a credential kit for all users who verify email and social media accounts. To prove ownership of account numbers and email addresses, users need to complete simple tasks. SocialKYC's credentials can replace the traditional KYC certification of banking institutions and cryptocurrency centralized platforms. (U.Today)[2022/1/20 9:00:33]

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