With the rapid development of the digital economy, authentication has become an indispensable part of various industries. Whether in the traditional internet or the Web3 world, we are constantly relying on digital identities. However, as the boundaries between the virtual world and real life become increasingly blurred, traditional authentication methods have revealed many shortcomings:
Virtual accounts and bots: Many platforms have been subjected to malicious attacks from a large number of fake traffic, scripted accounts, and bots, which pose significant risks to project operations. For example, in Web3 airdrops, a large number of spam accounts receive tokens and sell them, affecting project progress and image;
Data and privacy: The centralized storage of traditional authentication information has led to several major data breaches in recent years, making it difficult to protect user privacy;
Low verification efficiency and poor user experience: Traditional authentication processes are lengthy and complex, time-consuming and labor-intensive, especially as many projects in the Web3 ecosystem still use traditional methods for identity verification, becoming a bottleneck for development;
Lack of cross-platform interoperability: Most digital identity systems are isolated, using different systems across different platforms, requiring users to repeatedly verify multiple times, wasting time and increasing the complexity of information management!
In the face of these challenges, the market urgently needs a more efficient, secure, and decentralized authentication solution. The emergence of Humanity Protocol is precisely to address these issues and provide groundbreaking solutions for the future of Web3. Through unique non-invasive palm print scanning technology, zero-knowledge proofs, and decentralized mechanisms, Humanity Protocol is building a new model of digital identity that combines privacy protection and operational convenience for users and enterprises.
1. Financing and User Growth: Pioneering a New Era of Authentication
In May 2024, Humanity completed a seed funding round led by Kingsway Capital, raising $30 million, with a post-investment valuation of $1 billion. In just a few months, Humanity quickly attracted the attention of global investors with its innovative technology and strong implementation capabilities, and recently completed strategic financing to further consolidate its position in the digital identity field.
The Humanity testnet has been launched, and users can earn rewards by participating in the testnet to obtain RWT! Its token H is expected to officially launch in Q1 2025, and it is recommended to participate in the testnet activities to earn some rewards while experiencing the new project!
In just two months since the testnet launch, Humanity has achieved remarkable results: 2 million Human ID accounts have been successfully registered, demonstrating its rapidly expanding user base. Additionally, community building has been extremely rapid, with Twitter followers exceeding 100,000 and Discord users reaching 300,000, forming a highly engaged global community ecosystem.
2. Technical Highlights: Breaking Through the Ceiling of Authentication
2.1. Real Verification: Eliminating Fake Accounts and Bot Threats
Humanity conducts identity verification through palm print scanning technology, which is not only efficient and simple but also completely eliminates the issues of fake accounts and bots. Compared to traditional CAPTCHA and email verification, palm print verification is nearly impossible to forge, ensuring the authenticity of user identities.
2.2. Privacy Protection: Zero-Knowledge Proof (ZKP)
In an era where data privacy is highly concerned, Humanity Protocol adopts zero-knowledge proof technology (ZKP), allowing users to complete identity verification without disclosing any sensitive information. This not only protects user privacy but also aligns with future privacy compliance trends.
2.3. Wide Application: Building the Largest Identity Map for Web3
A "Human ID" can be universally used across all decentralized applications (dApps), protocols, and the Web3 ecosystem, from KYC on financial platforms to identity binding in virtual social and educational sectors. Humanity can provide seamless support for user experiences in both Web3 and Web2.
2.4. Decentralized Trust: Reshaping Fairness and Transparency
Through a decentralized identity verification mechanism, Humanity Protocol ensures fairness and transparency within the ecosystem. This mechanism not only prevents the concentration of power but also builds a trustworthy Web3 ecosystem.
3. Competitive Analysis: Differentiated Advantages Compared to Worldcoin
In the field of Web3 authentication, Worldcoin is another well-known project, famous for its iris scanning technology. However, compared to Worldcoin, Humanity Protocol demonstrates more significant advantages.
Worldcoin's iris scanning technology is still unacceptable to many people, and there are many privacy controversies; coupled with the need for specific devices and complex operations, it raises the operational threshold and lacks universality!
Humanity can use mobile phones for non-invasive palm print recognition to complete identity verification and highly protect user privacy through zero-knowledge proofs. Humanity Protocol effectively avoids the user acceptance and privacy controversy issues faced by Worldcoin. At the same time, its simple and user-friendly process greatly lowers the threshold for identity verification, making it more suitable for large-scale promotion and adoption, thus achieving rapid user growth.
4. Future Outlook: Building a New Foundation for Web3 Authentication
Humanity Protocol aims to become the largest decentralized authentication platform in the Web3 field. With the global shipment of palm print scanning devices, future application scenarios will be even broader—from financial KYC to access verification, and to identity binding in the virtual world, Humanity is building the largest identity map for the Web3 ecosystem.
At the same time, the decentralized trust mechanism of Humanity Protocol not only enhances the transparency and fairness of identity verification but also promotes further development of the Web3 ecosystem. By innovating technology alongside privacy protection, Humanity is expected to occupy a leading position in the future digital identity market.
5. Conclusion
In the Web3 era, the core of authentication is no longer just technical implementation, but the perfect balance of user privacy, authenticity, and universality. Humanity Protocol, through palm print recognition technology and zero-knowledge proofs, not only addresses the threats of fake accounts and bots but also provides users with comprehensive privacy protection and convenient experiences. Compared to Worldcoin, Humanity excels in technology, privacy, user growth, and other aspects, demonstrating strong market competitiveness.
It is foreseeable that as the Web3 ecosystem continues to mature, Humanity Protocol will continue to deepen its focus on technological innovation, becoming an important force in driving the transformation of decentralized authentication.