What is Digital ID?

FOIL Network
May 2, 2022

Digital ID is our technology that makes it possible to verify users directly in the blockchain. Those who wish to pass it’ll have the opportunity to choose between a public confirmation of identity and a closed one. In the case of passing the first, your real name will be open to all users, and in the second — you’ll be under a pseudonym. At the same time, everyone will have the opportunity to create accounts with both types of Digital ID.

Digital ID isn’t necessary for every Foil Network user. Only those who want to create their own NFTs, conduct IDO and show other business activity will have to pass it. You can buy tokens, hold and transfer them without passing a Digital ID.

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FOIL Network

FOIL Network is a new breed of interoperable, high speed, and elastic blockchains.