XID Network provides a single decentralized identity for every user. It is tied to users' wallets and contains the results of all network behavior and data analysis, all data belongs to users and users can decide what data is open to the public.
The work of the XID Network project on the blockchain
Online financial transaction data contains a lot of information. By analyzing the data, XID Network can explore the value potential of the network and have more financial scenarios such as lending, credentials and giveaways.
A complete XID profile can help you to connect with others by showing off your unique story with web-based charts and labels. With pre-built XID SDKs and web plugins, third-party applications can quickly integrate the XID service for login authentication.
System products:
| XID-passport | This is your personality profile. You can log into a single name service and link your wallets to different chains. The developers will also provide an SDK for third party applications to use the XID profile for authentication. |
| XID-engine | A multi-chain engine that can provide valuable insights by analyzing data on the network. To prove that the data itself is trustworthy, the team uses an Off-chain Computing and On-chain Validation solution. |
| XID network | Creates an open platform, based on XID. Several native applications have been developed to explore Web 3.0 scenarios, and an open SDK and API are provided for third-party applications to create an open identity ecosystem together. |
With out-of-the-box SDKs and browser plug-ins, third-party applications can quickly integrate the XID service for login authentication. Also, XID Network provides open oracles for third-party applications to access data with user consent.
Exchange token
Participation begins with a network governance token - XID. In addition to being a standard BEP-20 asset, XID allows an owner to delegate voting rights to an address of their choice: the owner's wallet, another user, an application or a DeFi expert. Anyone can participate in XID governance by receiving a delegation without having to own the XID. The token also includes code for requesting a voting address, which is useful for building complex voting systems.