Ledgis

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Description

LEDGIS is a blockchain platform designed to tackle data sovereignty, founded by Martin Lee and launched in 2019. It uses SSI technology to give users control over their data and supports high-speed DApps at 3,000 TPS. The platform aims to redistribuire data power to users and provides secure data management through DIDH technology. Key features include "1 Person 1 Wallet" private key management and a reward system through a sophisticated token economy, utilizing the DPoSS consensus algorithm for validating high-quality services and ecosystem contributions.

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FAQ

What is the main purpose of LEDGIS?

LEDGIS aims to empower users in the era of data sovereignty by utilizing Self-Sovereign Identity (SSI) technology. The platform addresses the limitations of traditional platform-oriented businesses and decentralization issues in blockchain, letting users control their data. It provides a sophisticated token economy and a high-speed environment for DApps.

How does LEDGIS ensure data sovereignty for its users?

LEDGIS ensures data sovereignty by leveraging SSI technology, allowing individuals to manage their own data independently. It employs DIDH technology for secure and decentralized data management, combining blockchain with IPFS-based encryption and private key distributed storage. Users control their data with tools like '1 Person 1 Wallet' for private key management.

What technology does LEDGIS use to enhance security and data control?

LEDGIS utilizes DID technology, recognized by W3C standards, along with IDH for decentralized data encryption and sharing. Its '1 Person 1 Wallet' feature prevents theft and forgery by securely managing private keys and biometric information, offering robust data control from a Web 3.0 perspective.

What makes LEDGIS different from other blockchain platforms?

LEDGIS distinguishes itself by focusing on data sovereignty and incorporating Self-Sovereign Identity (SSI) technology. Unlike conventional platforms, it prioritizes user control over data, offering a high-speed environment for DApps, a sophisticated token economy, and a unique consensus algorithm (DPoSS) that rewards ecosystem contributions, promoting an equitable platform.

What are the benefits of the DPoSS consensus algorithm used by LEDGIS?

The DPoSS consensus algorithm in LEDGIS emphasizes ecosystem engagement by rewarding both DApp operators and coin holders. DApp operators providing quality services can become block generators based on voting results, while coin holders earn rewards for their contributions and votes, thus invigorating ecosystem participation and promoting decentralization.

How does LEDGIS contribute to the Web 3.0 movement?

LEDGIS contributes to the Web 3.0 movement by decentralizing data control and enabling users to take ownership of their data. Through its SSI platform and DIDH technology, it creates a new data infrastructure needed for Web 3.0, allowing users to manage large datasets securely, and enabling a user-centered data economy away from traditional IT platforms.

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