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Lighter LIT |
BUY
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$1.15 |
11.08 % (24h) |
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Marketcap |
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$288,252,580 |
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Volume 24h |
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$46,174,590 |
Description
Litentry (LIT) is a decentralized identity aggregation (DID) protocol that operates as a secure parachain within the Polkadot multichain ecosystem. It allows users to anonymously link their identities from different blockchains and social networks into a single, verifiable digital profile. Through Litentry, DeFi services can assess a user’s reliability or creditworthiness without having to access sensitive personal data or violate privacy. The LIT token is required to pay identity verification fees and to participate in the governance that ensures the network's security.