KILT Protocol won a parachain slot on Polkadot (DOT) testnet Rococo V1
KILT Protocol became the third-ever project to win a parachain slot auction on Rococo V1, the testnet of high-speed blockchain network Polkadot. The project now occupies the third public parachain slot on Rococo V1.
KILT is an open-source fat blockchain protocol for issuing claim-based verifiable, revocable, and anonymous credentials in the Web 3.0. It allows end users to claim arbitrary attributes about themselves, get them attested by trusted entities, and store the claims as self-sovereign credentials (certificates). As trusted entities can issue credentials in return for money, KILT aims to foster new business models for anyone who owns trust or wants to build up trust.
Rococo V1 is Polkadot’s testnet built for parachains. V1 is the latest version of parachain consensus — the same code that will run on Polkadot and Kusama. The latter are exclusive slots for an application-specific data structure that allows developers to “register” a Substrate-based blockchain.
Such parachain projects are globally coherent and validatable by the validators of the Polkadot Relay Chain. They send transfers and messages between parachains and the Relay Chain, and function as individual blockchains while remaining a part of the Polkadot network.
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