Litentry (LIT)

Litentry is a second layer protocol and infrastructure based on Substrate. It focuses on Identity of person and IoT devices, and the authorization and permissions granted by the Person or IoT devices.

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Interest lvl

Medium

Updated: Jan 30, 2021

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Ticker

LIT

Type

Utility-token

Token standard

ERC20

FoundedChina

Registration year2020

Launchpads

Binance

Ecosystems

Ethereum

What is Litentry

Litentry is a network that supports DID aggregation protocol and a decentralized mobile application.

Litentry Network is built on top of the Substrate framework with the objective of enabling DID aggregation, verification, and credit calculation. It aims to simplify the process of resolving agnostic DID mechanisms by integrating DID standards into a modularized identity service.

The Litentry mobile application serves as a secure vehicle for users to collect their decentralized identities and manage them in one place. LIT token holders are also able to participate in on-chain governance in an efficient and secure manner.