How does digital identity verification work?
Could you please elaborate on the process of digital identity verification? I'm curious to understand how it works and what steps are involved in verifying someone's identity online. Does it involve the use of any specific technologies or protocols? Additionally, how secure is this process, and what measures are in place to prevent identity theft or fraud? I'm eager to gain a deeper understanding of this topic, as it's becoming increasingly important in the world of finance and cryptocurrency.
What is the process of digital identity verification?
Could you please elaborate on the steps involved in the process of digital identity verification? Is it simply a matter of providing a username and password, or does it involve more rigorous checks such as verifying personal information, proof of identity documents, and possibly even biometric authentication? Additionally, what are the benefits of undergoing such a process, and how does it contribute to enhancing security and trust in the digital realm?
Will crypto domain names become a fully on-chain digital identity?
Could you elaborate on the potential for crypto domain names to evolve into a comprehensive on-chain digital identity? With the rise of decentralized technologies, is there a realistic scenario where these domain names become not just a way to address transactions but also serve as a verified and secure online identity for users? How would this transformation impact the current landscape of digital identity management, and what challenges might arise in its implementation?