The post Holonym Foundation Acquires Gitcoin Passport to Create Worldcoin-Beating Proof of Humanity Network appeared on BitcoinEthereumNews.com.

Gitcoin Passport, the cryptosphere’s preeminent identity solution for sybil-prevention, has been bought out. Holonym Foundation has acquired the service and revealed plans to incorporate it into its Proof of Humanity network. The move will create a verification system that surpasses anything attempted to date – including Worldcoin. In place of Gitcoin Passport, the new solution will operate as human.tech and now boasts more than 2M users and over 34M credentials. And this is just for starters: the promise is that the number of credentials on human.tech will rapidly surpass 50M, providing a universal solution for sybil detection and onchain reputation management. A New Era for Digital Identity Decentralized identity is one of web3’s most compelling use cases, enabling individuals to prove their humanity without giving up the very thing that makes them human: their identity. While the need for sybil resistance and onchain reputation systems is well understood, finding a way to balance security with privacy remains a work in progress. In acquiring Gitcoin Passport, Holonym Foundation believes it can redefine Proof of Humanity at scale. Through rebranding Gitcoin Passport as Human Passport and integrating it into the Human Network – also known as human.tech – Holonym is creating the world’s largest privacy-preserving digital identity protocol. With over 2 million existing users and the capability to generate 34.5 million zero-knowledge (ZK) credentials, the initiative will support data sovereignty while facilitating seamless authentication. The Need for a Universal Proof of Humanity Decentralized identity has long struggled with two competing imperatives: preventing fraudulent actors from exploiting web3 systems while maintaining user privacy. Most traditional identity verification methods, such as KYC, demand personal disclosures that undermine the very ethos of decentralization. Meanwhile, many sybil-resistance tools rely on heuristics that are often ineffective against sophisticated bots and multi-wallet attackers. Holonym’s acquisition of Gitcoin Passport…

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Filed under: News - @ February 12, 2025 1:27 am