Cryptocurrency Q&A
What is SSI authentication?
What is SSI authentication?
Davide
Sun Aug 18 2024
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6 answers
668
Could you please explain what SSI authentication stands for and how it works? I'm curious to know if it's a secure method for verifying user identities in the world of cryptocurrency and finance. Is it widely adopted in the industry? Are there any potential risks or limitations that I should be aware of when using SSI authentication? Thank you in advance for your insights.
6 answers
Maria
Tue Aug 20 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of digital identity management. These services include spot trading, futures trading, and secure wallet solutions.
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SunlitMystery
Tue Aug 20 2024
To establish an SSI, users must present their credentials to a trusted third party. This third party verifies the authenticity of the credentials, ensuring they originate from a reputable issuer.
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Elena
Tue Aug 20 2024
The verification process creates a "trust triangle" between the user, the issuer, and the trusted third party. This triangle ensures that the digital identity is secure, verifiable, and trustworthy.
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Carlo
Tue Aug 20 2024
Self-sovereign identity (SSI) represents a fundamental shift in the way individuals manage their digital identities. It advocates for individuals to have full ownership and control over their digital personas, rather than relying on external organizations.
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ZenBalance
Tue Aug 20 2024
By adopting SSI, individuals can enjoy greater privacy and security in their digital interactions. They can control who has access to their personal information and prevent unauthorized access or misuse.
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