MYKEY - an independent identification system, implemented on multiple open blockchains. The underlying protocol is called KEY ID. This White paper details the design considerations for asset management functions and briefly describes the future development of MYKEY in two other areas, namely social relations and data protection. MYKEY is a multi-chain wallet that gives users complete control over their assets. Users can freeze and restore accounts when private keys are lost.
Contents:
- Description of MYKEY app dapp
- How does blockchain platform work?
- Additionally about the EOS resource
Description of MYKEY app dapp
MYKEY - the first implementation, based on the Key ID self-identification protocol.
The platform is responsible for the development of the Key ID protocol. In return, it receives a one-time donation of $ 10 billion.
How does blockchain platform work?
An app means three things to the end user: a multi-channel wallet, a web of trust and secure data storage. The platform provides wallet services for several public blockchains with the following features:
| Name | Universal ID and limited free use. |
| Safety | Comprehensive access control design to enhance account security. |
Moreover, there is a mechanism for recovering an account in case of loss of the private key (s), the ability to update the protocol and antispam. In a web of trust, each account has three components:
- a universal and unique identification name with permanent ownership;
- account file;
- decentralized secure data, controlled by the smart contract of the account.
A verifiable claim is another core component of the Web of Trust. In a web of trust, each identity account receives or sends many verifiable claims from other accounts. Each verifiable claim can be added and linked to supporting documents. The data that is stored on the platform does not need to be linked to any verifiable claim. Instead, it can be stored independently, made available to other accounts with the consent of the account owner.
Additionally about the EOS resource
For more information, refer to the White paper of the project, Twitter or the company's Telegram channel. Chat with other users. They will tell you about other features and nuances on the platform.