| 
| KILT Protocol 
| #KILT
|
| KILT Price: | $0.70 | | Volume: | $150.9 K | | All Time High: | $12.03 | | Market Cap: | $1 |
|
| Circulating Supply: | 1 |
| Exchanges: | 4+
| | Total Supply: | 150,000,000 |
| Markets: | 5
| | Max Supply: | 290,000,000 |
| Pairs: | 5
|
|
The last known price of #KILT is $0.70 USD.
 Please note that the price of #KILT was last updated over 130 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #KILT statistics should be considered as 'last known value'.
The lowest KILT price for this period was $0, the highest was $0.701, and the exact last price of KILT was $0.70143.
The all-time high KILT coin price was $12.03.
Use our custom price calculator to see the hypothetical price of KILT with market cap of ETH or other crypto coins. |
The code for KILT Protocol crypto currency is #KILT.
KILT Protocol is 1.2 years old. |
The current market capitalization for KILT Protocol is $1.00.
KILT Protocol is ranking downwards to #1000, by market cap (and other factors). |
There is a medium volume of trading today on #KILT.
Today's 24-hour trading volume across all exchanges for KILT Protocol is $150,905. |
The circulating supply of KILT is 1 coin, which is 0% of the maximum coin supply.
Note the simply unparalleled tiny supply of KILT Protocol coins which adds to rarity of this cryptocurrency and increases perceived market value. |
Axel Springer and KILT introduce service for login based on Web3 technology
Axel Springer has developed a service based on KILT’s open source blockchain protocol. With this milestone, Axel Springer has laid the foundation for further implementations using Web3 technologies. Once live, the service enables users to create a decentralized wallet, which is then directly available for logging in to web applications. Users thus retain full control over their own data, as the use of blockchain technology allows users to manage their own identity in a secure and decentralized manner. “We believe that identity protection is critical for users and believe that decentralized identities will become more relevant in the future. We are excited to make further developments in this area. The prototype for wallet creation and decentralized login provides an optimal foundation for knowledge building in the area of Web3 technologies,” says Samir Fadlallah, CIO Axel Springer SE. To build on this successful project, a long-term partnership and the implementation of further use cases together with KILT Protocol is planned. Both companies want to remain pioneers in the field of Web3 technology. Ingo Rübe, founder of KILT, says: “KILT’s mission is to give users back control over their personal data. This is one of the key elements of Web3. We are excited to continue our collaboration with Axel Springer in this direction, as it paves the way for many more exciting Web3 applications within the media industry. We be... 
| 
Unlocking the Power of NFTs with KILT’s Public Credentials
On March 13, 2023, at the South by Southwest conference in Austin, Texas, KILT announced its first use case for public credentials with Public Pressure who will use KILT to verify NFTs on their Marketplace collections. NFTs are unique digital assets that have become popular as a way for creators to sell their digital works of art, music and other creative content. To see how public credentials add utility to NFTs, let’s take a look at a music NFT example. (You can also watch the video here, or view the slides here.) — How Music NFTs Work. — Martin, an artist, writes a song and wants to create a music NFT from it. First, he goes to a music NFT platform like Public Pressure and submits his track. Every NFT uses a smart contract — a small program on a blockchain — that contains information about that NFT. This enables decentralized and secure interactions without intermediaries, allowing ownership to be changed in a transparent way. Public Pressure uses a smart contract to make an NFT of Martin’s song and puts it on a blockchain. The smart contract of a music NFT holds the creator, the content, and the owner. In this example, Martin is still the owner, as he has just submitted his track on Public Pressure. Alice wants to buy Martin’s track. Using the platform, Alice instructs the smart contract to change the ownership of the NFT. From this point, when anyone checks the information on the blockcha...
| 
Public Pressure Integrates KILT Identity Blockchain to Verify NFTs and Users on its Music…
Public Pressure Integrates KILT Identity Blockchain to Verify NFTs and Users on its Music Marketplace - AUSTIN, TEXAS, March 13, 2023 — Web3 media pioneer Public Pressure and KILT Protocol developer BOTLabs GmbH today announced at SXSW the use of KILT’s infrastructure for issuing public credentials to verify NFT collections, and logging into the Public Pressure Marketplace. Public Pressure is a music platform powered by artists, labels and fans. They will issue “verified by Public Pressure” credentials to the music NFTs in their Marketplace collections. Artists or their record label can then add certificates of authenticity, and DJs can show publicly that a particular song is part of their playlist, building the identity of the asset. These new elements make counterfeit more difficult and potentially add value to the NFT. Public Pressure will also enable users to log into their platform using email credentials verified by KILT’s SocialKYC service. These credentials remain under the control of the user on their device, and reduce the need for centralized data storage. KILT is a decentralized parachain built on Polkadot that provides secure, practical identity solutions for enterprise and consumers. Using KILT’s AssetDID framework, which identifies multiple types of digital assets on any blockchain, Public Pressure users can link public credentials to any NFT on any smart contract. Anyone — artists, buyer...
| 
Get Your DID: Now You Can Pay with KILT and PayPal
The new KILT website introduces a way to get a KILT DID (decentralized identifier) without using cryptocurrency. This allows users to have their DID — a “digital fingerprint” at the core of their decentralized digital identity — anchored on the blockchain where no one else can ever delete it. DIDs also provide access to the full range of KILT’s identity solutions. In the physical world, identity starts with your face or fingerprint. KILT brings this model of identity to the digital world, with a DID serving as your digital fingerprint. Identity is then built around your DID by adding credentials or digital certificates. On KILT, you can anchor your DID on the blockchain. This means that unlike an identity card (which should not be confused with identity itself — it’s just a credential) no external body can cancel or delete the core of your identity. — Anchoring a DID: Pay with KILT. — Anchoring a DID requires data storage on the KILT blockchain database, which is replicated among multiple computers. Unlike Ethereum, KILT incentivizes cleaning up this database rather than letting it grow for eternity. Every time a user stores data on the chain, they have to put down a small deposit, which they receive back automatically when they remove the data. Storing a DID on the KILT chain requires a deposit of roughly 2 KILT Coins. The deposit never leaves the user’s account. It is just locked and ...
| 
New Year, New Launch: KILT Website Features Enterprise and Consumer Onramps to DIDs
New Year, New Launch: KILT Website Features Enterprise and Consumer Onramps to DIDs - The new KILT.io website is now live! The redesigned site features a vibrant look and feel, with new tools to “Claim your Independence” and regain control of personal data using KILT’s digital identity solutions. The new website continues KILT’s mission of education about digital identity, DIDs and verifiable credentials. New sections highlight enterprise use cases and ecosystem partners, and the Protocol section includes KILT’s governance framework, the new Constitution, and guidelines for Treasury proposals. Developer resources and documentation provide the information needed to start building with KILT. In the physical world, your identity starts with your face or fingerprint. KILT brings this model of identity to the digital world, with a DID (decentralized identifier) serving as your digital fingerprint. Setting up a DID is the first step to building your identity with KILT services, and requires a deposit of around 2 KILT Coins. Users can get their DID with KILT via the new website and KILT’s Sporran wallet. But not all users are familiar with or comfortable buying crypto. So today’s relaunch introduces a Checkout Service that makes digital identity and DID creation available to a much broader audience, and doesn’t require crypto knowledge or coins. Created by B.T.E. BOTLabs Trusted Entity GmbH (a subsidiary of BOTLab...
| 
Polimec Spins Off as Standalone Project; Will Use KILT Credentials for KYC/AML
In September 2020 the initial team behind the development of KILT Protocol published the original Polimec whitepaper, introducing an open-source mechanism for supporting early-stage projects in the Polkadot ecosystem. Using Polimec (Polkadot Liquidity Mechanism), projects would be able to access critical development funding. KILT credentials would be used to identify project supporters in KYC and AML processes, and the supporter would register a DID (decentralized identifier) on Polimec. Now a dedicated team with extensive experience in blockchain and financial services has taken on further development of Polimec and the launch of the network in late 2023. This team has evolved Polimec into a decentralized community-driven funding protocol to accelerate the Web3 ecosystem. The protocol will enable fundraising in a transparent and regulatory compliant manner, aligning stakeholder incentives during and beyond the fundraise. As in the original concept, Polimec will utilize the KILT blockchain for on-chain credentials for KYC/AML processes, issued by trusted third parties. In this way, the Polimec use case is a mechanism to accelerate the adoption of KILT credentials and DIDs (decentralized identifiers) and increase the traction for KILT Protocol. “The new Polimec team is building an on-chain funding mechanism for Polkadot projects as a Polkadot parachain, while utilizing the power of another Polkadot parachain — KILT ...
| 
On-Chain “Polkadot Alliance” Formed to Recognize Ecosystem Contributors and Establish Community…
On-Chain “Polkadot Alliance” Formed to Recognize Ecosystem Contributors and Establish Community Code of Ethics - Today seven teams from the Polkadot ecosystem announced the formation of the Polkadot Alliance, an on-chain collective that establishes and upholds a set of ethics for the community to follow. Founding Fellows Acala, Astar, Interlay, KILT Protocol, Moonbeam, Subscan and Phala have initiated the Alliance with a mission of ensuring standards of excellence across the rapidly growing ecosystem. The Polkadot Alliance was first referenced in the August 2022 blog post “Proposal for Common Good Parachains” by Joe Petrowski of the Web3 Foundation: The new proposal for Polkadot governance introduces a new collective, the Fellowship, which allows a ranked group of experts to express its opinion on sensitive or highly privileged proposals. Another collective in development is the Polkadot Alliance. The Alliance is already deployed on the Westend test parachain and will likely be the first one on Polkadot. Several community teams banded together about two years ago and came up with the idea for the Alliance, primarily to fight misuse of the Polkadot brand and unattributed code…The Alliance would be an on-chain industry collective that sets a code of ethics regarding brand use, scam activities, and harmful behavior, but also provides recognition to teams who do make positive contributions to the growth and success of t...
| 
New Proposal: Changes to Staking Reward Timing on KILT
A proposal has been made on KILT to change staking rewards from an automatic distribution to a timeframe selected by recipients. Collators and delegators could choose a time that best suits them to claim (such as once a week, once a month, once a quarter, once a year), which will significantly simplify tax reporting. Under the current setup: Rewards for collators and delegators are issued every time a block is built, adding to the load on the blockchain., Each reward payout is an income event for collators and delegators, potentially creating thousands of taxable income entries for each account during one year., To address these issues, a new proposal was submitted for community vote to change reward distribution from an automatic to a pull-based function. This would reduce the computation needed for each block, and make tax reporting easier for delegators and collators. There would be no change anticipated for those staking KILT Coins on exchanges. All KILT Coin holders can vote on the proposal and you can even use your staked coins for voting. Join the discussion on the proposal here. It is anticipated that the proposal would go to referendum on Wednesday November 23, with voting open for 7 days until November 30. If approved, the changes would be enacted automatically on December 1st. The change to staking would be carried out as a runtime upgrade, allowing services to run normally on KILT except for a few minutes of ma...
| 
KILT Is Now a Parachain on Polkadot!
We are thrilled to announce that yesterday KILT became the first parachain to relocate from Kusama to Polkadot. The stability and bank-level security of Polkadot allow KILT to provide practical, secure decentralized identity solutions for individuals, builders, and large-scale enterprise use cases. At 20:15 CEST on Monday 3 October, KILT built its first block on Polkadot following the last block on Kusama and is now running as a Polkadot parachain. This milestone opens up a whole new phase for KILT. It is now production-ready for applications that need a more secure environment, and for large-scale enterprises that require the stability and scalability provided by Polkadot. KILT Coin holders don’t need to do anything differently — all KILT transactions were stopped when the move started and all data, including KILT Coin balances on the KILT blockchain, remain safe and secure. All services built on KILT are unchanged and can be used as before. — One Chain, One Coin - Following the original plan of “one chain, one coin”, KILT became the first blockchain in the ecosystem to move in its entirety from Kusama to Polkadot. This means that all the KILT Coins and data on KILT/Kusama are now on KILT/Polkadot. There will only ever be one KILT Coin, and all credentials, decentralized identifiers (DIDs) and web3names previously issued on KILT are still valid. This was possible thanks to Polkadot’s groundbreaking tech...
| 
KILT in Action — The dena Blockchain Pilot Project
KILT in Action — The dena Blockchain Pilot Project - Introduction by Ingo Rübe, Founder of KILT Protocol The project on machine identities led by dena, the German federal energy agency, was finished successfully. KILT served as a core partner in this project by supplying the machine identities and demonstrating the utility of a blockchain protocol in a highly regulated environment like the energy sector. This was an important milestone for us: DIDs and Verifiable Credentials and KILT in general are ready for large scale, institutional use cases that fulfil requirements from regulators. Blockchain technology is finding its way into industry! Also of note: During the project we deployed a complete KILT node on a Raspberry Pi-based smart meter, demonstrating the efficiency of Parity Substrate-based blockchains. Blog Post by Majella Horan, Lead Writer for KILT Protocol dena has released a report on its pilot project on digital machine identities as the basic building block for an automated energy system. KILT was part of the project, providing decentralized machine identities registered on the KILT blockchain and showing how blockchain technology can be used inside a highly-regulated environment. KILT collaborated on this initiative with industry leaders from the energy sector, the digital economy and science including Energy Web Foundation, Parity Technologies, EnBW, e-on, Riddle & Code, Oli-Systems, and 50 Hertz. &...
|
|
 | Polkadot's KILT Identity Blockchain Integrates With Deloitte
Polkadot announced that Deloitte Switzerland is integrating the former's parachain KILT blockchain technology for issuing reusable digital credentials to support KYC and KYB processes.
With this move, Deloitte has become the latest major enterprise partner to come to the Polkadot ecosystem. The digital credentials in question will have extensive use cases such as regulatory compliance for banking and decentralized finance (DeFi), age verification for e-commerce, private logins, and fundraising.
Deloitte-KILT Integration
The official blog post explained that reusable KYB and KYC credentials, generated on KILT’s identity infrastructure, address the challenges associated with offering control and flexibility to the customer. As such, clients remain in control since credentials are stored in the wallet on their own devices, thereby granting them the power to choose with whom they share their credentials and which data points of the credential they make available.
As part of the integration, Deloitte will provide a wallet to the customer for the purpose of managing and sharing their credential. This new feature will be in the form of a browser extension, setting up, which would not require any prior knowledge of blockchain.
Following the development, Micha Bitterli, Head of Deloitte Managed Services, stated,
'By offering reusable digital credentials anchored on the KILT blockchain, Deloitte is transforming verification processes for individuals and entities. Deloitte has the...
|  | KILT Launches New Application for Digital Identities
KILT announces the launch of web3name, an application for creating a custom name to represent users' digital identity. The new approach would increase the transparency of users' identities without sacrificing the privacy involved with personal data.
KILT, a blockchain identity protocol based on the Polkadot network, issues a new form of digital credentials, Web3name(w3n), for users to represent their own digital identities. The credentials recorded on the distributed ledgers will be permanent addresses users can access anytime on the Polkadot ecosystem, as stated in the announcement.
Web3name is unlike a decentralized identifier embodied as a unique string of numbers and letters. Instead, it could be translated as simple letters like ingo, doso, etc. Using SocialKYC, an attestation service built on KILT, users can create credentials linking to their own email accounts or GitHub, Discord, Twitter, and others.
According to KILT's prior announcement, SocialKYC would not get users' personal information stored in any centralized data center.
'Unlike sign-in processes on the internet to date, SocialKYC then forgets about the user and the credential as soon as the credential is issued. The credential, the personal information, and the control remain with the user.'
The team considers W3n as an enhancement of how digital identities are processed on the blockchain. W3n doesn't replace a wallet address but supplements it. One w3n can connect to several addresses. Though only on...
|
More KILT Protocol (#KILT) News
|
|
|
Crypto Coin Prices and News 