logo
Vitalik introduces ‘pluralistic' IDs to protect privacy in digital identity systems

Vitalik introduces ‘pluralistic' IDs to protect privacy in digital identity systems

Crypto Insight29-06-2025
Ethereum co-founder Vitalik Buterin has introduced a new kind of digital identity system dubbed 'pluralistic identity,' arguing it could protect privacy while enabling fair participation in digital life.
In a blog post published Sunday, Buterin explored the promise and pitfalls of zero-knowledge (ZK) proof-wrapped IDs, warning that even privacy-preserving systems can carry serious risks if they rigidly enforce one identity per person.
The Ethereum mastermind noted that many new digital ID projects use zero-knowledge proofs to let users prove they have a valid ID without revealing personal details. Examples include World ID, which has surpassed 10 million users, Taiwan's digital ID project, and European Union initiatives increasingly adopting ZK technology.
'ZK-wrapping solves a lot of important problems,' he wrote, but warned that 'ZK-wrapped ID still has risks,' especially because enforcing one ID per person can undermine pseudonymity and expose users to coercion.
Single digital IDs could kill pseudonymity
One key risk Buterin identified is that platforms could force users into a single, trackable identity, eliminating the ability to maintain separate pseudonymous profiles. 'In the real world, pseudonymity generally requires having multiple accounts,' he said.
Without this flexibility, he argued, users could find themselves in a world where 'all of your activity must de-facto be under a single public identity,' heightening dangers from government or employer surveillance.
Buterin also rejected the idea of using 'proof of wealth' alone as an anti-Sybil measure, saying it excludes people unable to pay and concentrates power among the wealthy. 'The theoretical ideal is something in the middle, where you can get N identities at a cost of N²,' he said. Buterin proposes pluralistic IDs
To achieve a flexible approach, Buterin proposed pluralistic identity systems, where no single authority controls identity issuance, as the 'best realistic solution.'
He explained these could be explicit, using social-graph-based verification like Circles, or implicit, relying on multiple ID providers — government documents, social platforms, and others — so no one ID gains near-total market share.
'Any form of pluralistic identity… is naturally more error-tolerant,' he noted, pointing out that this flexibility helps stateless individuals or those unable to access traditional IDs.
Ultimately, Buterin argued the best outcome would merge one-per-person identity schemes with social-graph systems to bootstrap diverse, global identity networks.
'If their market share gets too close to 100%, they shift the world… to a one-per-person model, which has worse properties,' he warned, stressing that only pluralistic identity can balance privacy, inclusivity, and resistance to abuse.
Source: https://cointelegraph.com/news/vitalik-introduces-pluralistic-ids-protect-privacy-in-digital-systems
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NFT market cap hits $9.3B, fueled by Ether surge
NFT market cap hits $9.3B, fueled by Ether surge

Crypto Insight

time6 hours ago

  • Crypto Insight

NFT market cap hits $9.3B, fueled by Ether surge

The non-fungible token (NFT) sector surged to a market capitalization of more than $9.3 billion as Ethereum-based collections increased along with the price of Ether. NFT data tracker NFT Price Floor showed on Wednesday that the overall market capitalization for NFT collections had hit $9.3 billion, a 40% uptick from July. According to DappRadar data, NFTs had a market capitalization of $6.6 billion last month. Ether, which recently pushed past the $4,000 milestone, has been a key driver behind the NFT market surge. At the time of writing, ETH traded above $4,600 and had a market capitalization of over $557 billion, according to CoinGecko. Since many NFTs are based on the Ethereum mainnet, their sales and valuations are denominated in ETH. Because of this, bullish momentum of the crypto asset translates into higher market values and increased activity in the NFT space. At the time of writing, the top 10 NFT assets by market cap were Ethereum-based. NFT market cap has surged 40% since July CryptoPunks retains its spot as the top NFT collection by market capitalization. NFT Price Floor data shows that the collection is worth at least 526,900 ETH (about $2.4 billion). In the last seven days, CryptoPunks had almost 4,200 ETH in volume, worth almost $20 million. During the week, the collection had 90 total sales, averaging at $217,331 per NFT. The Bored Ape Yacht Club (BAYC) follows CryptoPunks in the rankings with a valuation of $602 million, while Pudgy Penguins follows closely with $591 million. Pudgy Penguins added to a crypto treasury Still, while BAYC leads in valuation, the Pudgy Penguins collection tops BAYC in terms of seven-day volume. DefiLlama data suggests that Pudgy Penguins had a volume of $8.7 million in the past week, while BAYC had $6.3 million. In a Cointelegraph interview, Pudgy Penguins CEO and owner Luca Schnetzler (better known as Luca Netz) said the collection's expansion into a physical toy brand saved the company from bankruptcy in 2022. Since then, the collection has been a leading NFT brand, rivaling other blue-chip collections. This week, blockchain company BTCS Inc. said it added three Pudgy Penguins to its corporate treasury. Apart from the three collections, other top 10 NFT collections by market cap include Art Block's Chromie Squiggle by Snowfro, Autoglyphs, Fidenza by Tyler Hobbs, Lil Pudgys, Mutant Ape Yacht Club (MAYC), Moonbirds and Milady Maker. Source:

South Africa: Mining's outlook for 2025 remains weak, unpromising
South Africa: Mining's outlook for 2025 remains weak, unpromising

Zawya

time7 hours ago

  • Zawya

South Africa: Mining's outlook for 2025 remains weak, unpromising

Statistics South Africa has released the mining production and sales figures for June 2025, and things look grim. Following the 3.9% rise in May, production in June only reached a marginal 0.2% month-on-month increase. 'The United States tariffs continue to be the elephant in the room, and it is increasingly used as a foreign policy instrument. Thus far, based on exemptions published by the White House in April, South African iron ore and diamond exports to the US will be directly affected by current tariffs,' said the Minerals Council South Africa in a statement. 'The tariffs imposed by the US on key South African trading partners – including China, the European Union, and India – along with any retaliatory measures they may adopt, will largely influence the demand for South African mineral exports,' it added. Production figures In terms of the individual commodities, coal production (m-o-m, +3.4%), manganese (+3.2%), chrome (+2.4%), diamonds (+1.1%), as well as the platinum group metals (PGMs) (+3.5%) all saw increases compared to May. A decline in production was registered in nickel (-5.9%), copper (-14.3%), iron ore (-9.9%), and gold (-2.5%). On a quarter-on-quarter (q-o-q) basis, mining production is expected to increase by 3.9% in Q2 2025, reflecting a notable improvement in output over the previous quarter. Of course, this is mainly a base effect, noting that in Q1 2025, mining production contracted by 4.1%. Year-on-year (y-o-y) total mining production increased by 2.4% in June 2025. Accounting for the increase in production were PGMs (+3%), coal (+3.7%), gold (+3.1%), chrome (+9%), diamonds (+3.7%) and nickel (+14.5%). A drop in production was observed in copper (-33.7%), iron ore (-1.7%) and manganese (-7.7%). In the first half of 2025, year-to-date mining production declined by 3% compared to the same period in the previous year. Unless there is a significant improvement in operating conditions and a strong recovery in commodity prices that boosts production by a significant margin, the sector's production growth outlook for the 2025 calendar year remains weak and unpromising. Sales figures Total mineral sales dropped to R67.3bn in June 2025 from R76.8bn the previous month, representing a 12.4% decline. On a y-o-y basis, total mineral sales declined by 14.4% with gold minerals sales leading the decline, with a drop in sales of 53.7% to R9.2bn. This was a surprise considering that on a year-over-year basis, the gold price was 44% higher in June 2025 compared to 12 months prior. The mineral sales performance (y-o-y) of the major commodities were as follows: PGM (+23.4% to R18.4bn in June), iron ore (+0.7% to R7bn), gold (-53.7% to R9.2bn), nickel (-36.4% to R785m), manganese (-33.7% to R4.2bn), copper (-31.7% to R566.7m), chrome (-13.9% to R5.1bn), and coal (-5.5% to R16.6bn). All rights reserved. © 2022. Provided by SyndiGate Media Inc. (

Crypto investing 101: How to know what's worth your money
Crypto investing 101: How to know what's worth your money

The National

time11 hours ago

  • The National

Crypto investing 101: How to know what's worth your money

Let's be honest – crypto can feel like a rabbit hole. You hear about it everywhere, your friends might be dabbling in it, and maybe you've even bought a little yourself. But if you're just getting started, the space can be daunting. I've been there. This guide is meant to simplify things. It's not about hype – it's about helping you look at crypto assets with a bit more clarity, the same way you might evaluate stocks or any other investment. Let's break it down, step by step. Step 1: Start with the basics – coins vs. tokens First things first: not all crypto is the same. Coins are the foundation. Think Bitcoin or Ethereum – they have their own blockchains and often serve as digital currency or fuel for their networks. Tokens, on the other hand, are built on top of other blockchains (like Ethereum's ERC-20 tokens). They usually power specific apps, protocols, or communities. Why this matters: Knowing whether you're looking at a coin or a token helps you figure out what exactly you're investing in – are you backing infrastructure (coins) or services and applications (tokens)? It's kind of like investing in roads vs the cars that drive on them. Step 2: Evaluating crypto assets – three things to look at Purpose and technology Ask yourself: Why does this project exist? What problem is it solving? Real-world use cases matter. For example, Bitcoin lets people send money across borders without banks slowing things down or charging exorbitant fees. That's huge if you've ever waited days for a wire transfer. Then there's innovation. Ethereum's smart contracts let people build entire applications that run without middlemen – imagine buying a house, and the contract automatically transfers ownership the moment funds are received. No lawyers. No paperwork. It's fast and efficient. Lastly, is the tech actually being built? Projects that regularly release updates or have a visible team of developers are usually in it for the long haul. Tokenomics and economics Even the best ideas fall apart if the economics don't make sense. Look at supply and demand. Is there a fixed supply, like Bitcoin's 21 million coins? Limited supply often creates scarcity, which can support value. How tokens are distributed also matters. If a small group holds most of the tokens, that's a red flag – they could dump it anytime. Check for financial transparency. Legit projects usually share how they're spending funds and what their plans are for growth. Adoption and market strength Here's where you see if the project is just hype – or if people actually use it. Liquidity: Is it easy to buy or sell? High trading volume and listings on major exchanges mean you're not stuck holding something you can't move. Community: Active communities on Reddit, Discord, or X (Twitter) can be a good sign. If people are genuinely excited and involved, that helps drive growth. Partnerships: Has the project teamed up with others in the space – or even outside of crypto? Real partnerships are often a sign of real traction. Step 3: A quick evaluation checklist When you're sizing up a new project, here's a fast checklist to keep in mind: Whitepaper: Is there a clear mission and road map? Skip the ones that sound like science fiction. Team: Do a little homework – check LinkedIn or Google them. Real teams should have real names, backgrounds, and experience. Market cap: This gives you a sense of scale. Compare it to similar projects and ask yourself if the valuation feels justified. Road map: Are they hitting their milestones – or just making excuses? Risks: No sugarcoating it – crypto is volatile. Be aware of hacks, regulations, and price swings. This isn't passive investing. It's active. Final Thoughts Evaluating crypto assets doesn't have to feel like rocket science. Once you understand the basics – what a project does, how it's structured, and who's actually using it – you're in a much stronger position to make smart decisions. And if I could offer just one piece of advice: be curious, but cautious. Hype fades, but fundamentals stick around. Take your time, do your research, and always invest with a long-term mindset.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store