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KILT

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



  KILT PRICE


The price of #KILT today is $0.70 USD.

The lowest KILT price for this period was $0, the highest was $0.701, and the current live price for one KILT coin is $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 BTC or other crypto coins.


  KILT OVERVIEW


The code for KILT Protocol crypto currency is #KILT.

KILT Protocol is 1.2 years old.


  KILT MARKET CAP


The current market capitalization for KILT Protocol is $1.00.

KILT Protocol is ranking downwards to #1000 out of all coins, by market cap (and other factors).


  KILT VOLUME


The trading volume is medium today for #KILT.

Today's 24-hour trading volume across all exchanges for KILT Protocol is $150,905.


  KILT SUPPLY


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.


  KILT BLOCKCHAIN


KILT is a token on the Polkadot blockchain.


  KILT EXCHANGES


KILT is available on several crypto currency exchanges.

View #KILT trading pairs and crypto exchanges that currently support #KILT purchase.


  KILT RESOURCES


Websitewww.kilt.io
Whitepaperwww.kilt.io/wp-content/uploads/2020/01/KILT-White-...
TwitterKiltprotocol
Redditr/KiltProtocol
TelegramKILTProtocolChat
DiscordHztRqvzbhG
Mediumkilt-protocol


  KILT DEVELOPER NEWS



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. &...




KILT Migration to Polkadot: Technical Overview

By the KILT Devs As promised in last week’s announcement KILT Moves to Polkadot, here are additional technical details about the migration plan. We’ll publish full documentation after the move to Polkadot is complete in late September, which should be helpful to other projects considering this path. — Solo-to-parachain pallet. — In order to provide the safest and most seamless move from Kusama to Polkadot, the “solo-to-parachain” pallet provided by Parity Technologies will be used. This also allows us to keep the full block history, and it will not be necessary to temporarily restore the Sudo key to the KILT network. This process requires adding two more abilities to the KILT Council: Execute XCM call to swap parachain lease, Remove the requirement that the Relay Chain block should strictly increase between two parachain blocks (Polkadot has lower block numbers than Kusama)., Also the “solo-to-parachain” pallet needs to be added to the KILT runtime. — Governance by KILT community. — Of course this requires a governance decision by the KILT community. The proposal will be posted by mid-September and the referendum will start approximately 7 days later. The governance phases will be announced on KILT channels (Twitter, Telegram, Discord and KILT.io). We encourage the KILT community to vote on the referendum. After the referendum has passed, the Council would execute the move to Polkadot...




KILT Moves to Polkadot

BOTLabs GmbH Secures Polkadot Parachain Slot BOTLabs GmbH, the initial developer of KILT Protocol, is proud to announce plans to move the KILT blockchain from the Kusama Relay Chain to the Polkadot Relay Chain. The Polkadot parachain slot required for this move was secured by BOTLabs in auction 24 last week. The Kusama and Polkadot Relay Chains provide shared security to parachains. Kusama is the experimental network, while Polkadot provides additional levels of stability and security. KILT is a blockchain identity protocol for issuing self-sovereign, anonymous, verifiable credentials and decentralized identifiers (DIDs). KILT went live in September 2021 after winning a Kusama parachain slot. During the last 11 months many new functionalities were added to KILT, and the network has proven its efficiency and utility to tens of thousands of users. Fifty partnerships within the blockchain and identity ecosystems have been established; Web3 apps including SocialKYC and DIDsign has been developed using KILT Protocol and the KILT blockchain. KILT has proven to be a mature infrastructure. Now large-scale enterprises in the accounting, media and medical sectors are starting to implement business cases on KILT. These production systems will require extreme stability and bank-level security, which KILT cannot provide within the experimental Kusama network. So it’s time for KILT to move to Polkadot. We will follow the original plan of...




DIDsign vs. Web2 Signing Services

Web3 decentralized applications (dapps) are in many ways superior to Web2 services. DIDsign, the digital signature service built on KILT, is a sign of what corporates and consumers can expect in a Web3 world. DIDsign provides a way to sign any digital file directly in your browser. The DIDsign signature is uniquely linked to the person signing as it is based around an industry-standard decentralized identifier (DID). This is a string of numbers and letters that forms a “digital fingerprint”, allowing users to build a digital identity by adding credentials, a unique web3name and any other information they wish to make public. DIDsign offers several advantages over similar Web2 services: — Privacy - Web2 signing services require the user to upload the documents they want to sign to a server. With DIDsign, files remain under the user’s control on their device. The user opens the DIDsign website on their computer and adds the file/s they wish to sign either using the drag & drop function or by selecting from their files. They then sign via their Sporran wallet, a browser extension on their device. This ensures the confidentiality and integrity of their signature. Once they have signed, they need to save the signed files and signature (usually as a zipfile) to their device. When the browser is closed, all data is deleted. That means the user’s data is never transferred or monetized. Web2 signing services requir...




  KILT NEWS


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... read More



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