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CoreDAO Ecosystem AMA: Core ID team discusses developing a decentralized version of Twitter

Image source: CoreDAO Telegram page

 Decentralized Identity has been a hot topic in the blockchain and cryptocurrency space for the last few years and for good reason. With the rise of digital identity theft and a growing distrust of centralized institutions, decentralized identity solutions are becoming increasingly important. The Core ID team on Core blockchain is one of the companies at the forefront of this movement, and they recently granted an AMA (ask me anything) Text with CoreDAO Ecosystem to discuss their project and upcoming initiative.

The AMA began with the introduction of the Core ID team a group of dedicated developers, designers, and blockchain enthusiasts working together to create a decentralized identity and domain solution for the Web 3.0 ecosystem. Stating their mission to empower individuals and organizations with self-sovereign digital identities and decentralized domain services, fostering a more open, secure, and privacy-centric internet.

Core ID is a decentralized domain name system (DNS) built on top of a blockchain. It allows users to register and manage their own .core domain names, which can be linked to their IPFS, IPNS, or Skynet content.

The core ID team state some benefit of having a .core domain including complete ownership and control over your digital identity and content, free from centralized authority.

Owning a .core ID gives seamless decentralized web services and a user-friendly way for others to interact with your decentralized apps and websites, Enhanced security and privacy, as your domain is anchored to the blockchain, making it resistant to censorship and tampering.

In answering the question of why should people have decentralized websites? The team gives five advantages of having decentralized websites to be: 

  1. Enhanced security and privacy: Decentralized websites are less prone to hacking, censorship,  and tampering due to their distributed nature and the use of blockchain technology. 
  2. Increased control and ownership: with a decentralized website, you retain full control over your content and domain, free from the influence of centralized authorities or corporations. 
  3. Improved reliability and uptime: Decentralized websites rely on multiple nides to host and serve content, ensuring that your website remains accessible even if some nodes go offline. 
  4. Resistance to censorship: Decentralized websites operate independently of any centralized authority, making it difficult for governments or other entities to censor or restrict access to content.
  5. Greater interoperability with Web 3.0 applications: Decentralized websites can easily integrate with decentralized applications (dApps), creating a seamless and interconnected online experience.
One of the key features of the Core ID initiative will be interoperability. The team recognizes that for decentralized identity to be successful and widespread adoption, it needs to work seamlessly across different platforms and solutions. To that end, they are working on expanding the use of Core ID domains in various Web 3.0 applications, including games and other industries that can benefit from decentralized technologies.

The Core ID team also hints at two of their upcoming initiatives that demonstrate the potential of Core ID and the wider decentralized ecosystem:
  • Decentralized Social Platform: Core ID team said they are currently developing a decentralized version of Twitter, where users will use their Core ID as their account and IPFS for storing images and other information. There will be no centralized servers involved.  Users will also have the ability to create public or private circles for more convenient and secure interactions with their followers. This platform will highlight the potential of decentralized identities to revolutionize social media, putting control and privacy back into the hands of users.
  • Decentralized Prediction Market: In the next few days, the team said they will be launching a prediction market application where users can join either a bullish or bearish team, predicting whether the market will rise or fall in the next 24 hours. The team will be providing 500,000 CID tokens as airdrops to participants, regardless of whether they win or lose. This application will showcase how decentralized identities can be integrated into various types of platforms, creating exciting new use cases and opportunities for users says the Core ID team.
Overall, the Core ID team is excited about the potential of decentralized identity and the role it can play in driving its adoption. They believe that by creating a more user-friendly experience and enabling interoperability,  they can help unlock the full potential of this technology.  It will be interesting to see how their initiative develops and what impact it has on the broader decentralized identity landscape. 

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