On June 25, Moca Network, focused on decentralized identity solutions, announced the launch of Moca Chain, a new Layer-1 blockchain designed to improve personal data and identity management in the crypto industry.
Launch of Moca Chain and Its Objectives
Moca Chain is presented as an open platform for managing identity and data, coexisting with other blockchains. According to Moca Network, the goal is to create an environment for credential issuance and verification without excessive disclosure of personal information.
Key Technologies of Moca Chain
According to the announcement, Moca Network is developing specialized infrastructure for decentralized identity, combining four core technologies:
1. Decentralized storage for user-controlled data; 2. Zero-Knowledge Proof-based verification to preserve privacy; 3. zkTLS for acquiring real-world information without centralized intermediaries; 4. Identity Oracle for cross-chain credential checks.
MOCA Token Economy and Its Application
At the core of the network is the MOCA token, which is used for all actions on the chain, including issuing, verifying, and storing credential data. Validators need to stake MOCA to secure the network, while verifiers pay with it to check credentials. The efficiency of token utilization is directly linked to network activity.
The launch of Moca Chain promises to transform personal information management in the crypto industry, providing users with greater control over their data and creating new economic opportunities for businesses.
