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Civic (CVC): Streamlining Identity Verification Across Chains

Intermediate
web3
Explainers
Altcoins
Oct 30, 2024
10 min read
0

In the web3 space, crypto users have long relied on their wallet's public key as their digital identity when transacting on various blockchain platforms. While this form of identity is secure and private, it also poses the problem of overreliance: if users lose access to their wallets, they lose their identity and any painstakingly cultivated reputation.

As the number of crypto scams and frauds increases, this overreliance on a single identity approach makes users more vulnerable, highlighting the need for solutions that protect personal identity information and reinforce their web3 reputation.

For this reason, Civic network has created a digital identity management solution to provide you with varied ways to own your identity. The platform offers a combination of identity solutions, including a soulbound token (SBT), Civic Pass and Civic ID.

Let’s explore Civic’s approach to web3 identity management.

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