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    Cardano’s Hoskinson Affords Musk Free Decentralized ID Answer After SingularityNet Hack

    Latest News

    • SingularityNet CEO Ben Goertzel’s X account was not too long ago hacked.
    • Cardano’s Charles Hoskinson provides to combine Decentralized Identification (DID) into X to boost safety.
    • The know-how supplies a safe solution to management private knowledge.

    Following a hacking incident concentrating on SingularityNet CEO Ben Goertzel’s X (previously Twitter) account, Cardano co-founder Charles Hoskinson has reiterated his provide to Elon Musk to combine Decentralized Identification (DID) know-how into the social media platform. Hoskinson argues that DID may assist stop scams and improve safety on X.

    On Monday, July 15, Ben Goertzel, CEO of SingularityNet, issued an apology to his followers after his private X account was hacked. Within the apology letter posted on X, Goertzel revealed that the hacker had posted fraudulent hyperlinks, some referencing SingularityNET-related crypto tokens, directing followers to rip-off websites.

    The SingularityNet CEO later regained management of his account and suggested affected people to report the incident to authorities to safe their info.

    Goertzel said, “I’m cooperating with Twitter and the related authorities to research the incident and stop such occurrences sooner or later; and I urge anybody who has been affected to report the rip-off to the suitable authorities and to take crucial steps to safe their accounts and private info.”

    Responding to the assault, Hoskinson tagged Elon Musk on X, reiterating his provide to combine DID know-how to stop comparable incidents. 

    Elon @elonmusk, we’d like DIDs built-in into X. It solves all of those issues. Once more, I’ll do it free of charge.”

    Regardless of current makes an attempt to interact Musk in a partnership with Cardano, Hoskinson’s efforts have been unsuccessful.

    See also  Australian Police Crack Seed Phrase, Seize $9.5M in Crypto

    DID permits customers to retailer private info in a decentralized id pockets utilizing distributed ledger know-how maintained by peer-to-peer networks. This method provides customers management over what info they share with companies or web sites.

    Due to this fact, it reduces the necessity for websites to retailer delicate knowledge like cellphone numbers and bank card particulars. Furthermore, the answer addresses deepfakes, artificial identities, Sybil assaults, and privateness considerations. Whereas just a few corporations have adopted DID, Michael Saylor’s MicroStrategy is among the many entities which have embraced this know-how.

    Disclaimer: The data introduced on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any type. Coin Version isn’t accountable for any losses incurred on account of the utilization of content material, merchandise, or companies talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.

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