LAST CHANCE BLACK FRIDAY: Save now on Ledger hardware wallets and accessories.

Shop now

Up your Web3 game

Ledger Academy Quests

  • Test your knowledge
  • Earn POK NFTs
Play now See all quests

Decentralized Identifiers (DIDs) Meaning

Sep 10, 2024 | Updated Sep 10, 2024
Decentralized Identifiers (DIDs) are a new kind of tool that allow individuals and organizations to establish and control their online identities without relying on centralized authorities.

What are Decentralized Identifiers (DIDs)?

Our identities have become scattered across numerous platforms and databases. From social media profiles to online shopping accounts, our digital footprints are everywhere. However, this fragmentation has led to significant issues surrounding data privacy, security, and control.

Traditionally, we’ve relied on centralized identifiers like email addresses and usernames to access online services. While convenient, these identifiers come with inherent problems. They’re often controlled by third parties, vulnerable to data breaches, and can be revoked or altered without our consent. Moreover, they contribute to the tracking and profiling of our online activities.

Enter Decentralized Identifiers (DIDs). DIDs are a new type of identifier that puts users in complete control of their digital identities. They enable individuals and organizations to create, manage, and authenticate their online presence without depending on any central authority. DIDs are cryptographically verifiable, globally unique, and can be used across various platforms and services.

Key features of DIDs

DIDs represent a paradigm shift in how we manage our digital identities. Here are some key features that set them apart from centralized identifiers:

  1. User Control: Unlike traditional identifiers, DIDs are created and managed entirely by the user. This means you have full ownership and control over your digital identity.
  2. Decentralization: DIDs don’t rely on any central authority for creation or verification. This eliminates single points of failure and reduces the risk of large-scale data breaches.
  3. Cryptographic Security: Each DID is associated with a pair of cryptographic keys – a public key for verification and a private key for authentication. This ensures that only the rightful owner can access their DID.
  4. Persistence: DIDs are designed to be long-lasting and independent of any particular service provider. They can’t be arbitrarily revoked or altered by third parties.
  5. Interoperability: DIDs are based on open standards, making them usable across different platforms and services. This promotes a more connected and user-centric digital ecosystem.
  6. Privacy-Preserving: With DIDs, users can selectively disclose information about themselves, giving them greater control over their privacy.

By addressing the shortcomings of centralized identifiers, DIDs pave the way for a more secure, private, and user-centric digital identity landscape. They empower individuals and organizations to take control of their online presence, fostering trust and authenticity in their digital interactions.

Solscan

Solscan is Solana’s alternative blockchain explorer for searching specific information on the Solana blockchain.

Full definition

Unconfirmed Transaction

An unconfirmed transaction is any transaction request submitted to the blockchain that is yet to be processed or validated.

Full definition

Full Node

A full node is a component of a blockchain that stores and validates transactions. It is a computer program that ensures the security of a blockchain by enforcing consensus rules and transmitting data to other…

Full definition