Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

2025-05-17

Trump Token Mania: More than 6,000% pump or classic Solana Trap?

2025-05-17

A dozen new defendants who were sued in the alleged Rico -entry, connected to $ 263,000,000 crypto theft

2025-05-17
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Cardano (ADA) Founder reveals long-awaited AirDrop details! Will be distributed among 37 million portfolios! – Some users cannot receive AirDrop!

    2025-05-17

    Top 5 block chains due to 7-day growth in active addresses and transactions

    2025-05-17

    SFT protocol to redefine Web3 Sports Landscape in collaboration with Athleta Network

    2025-05-17

    Rideshare Company Lyft taps bee cards for decentralized mapping data

    2025-05-17

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-17
  • NFT

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14

    The Shibuya streaming platform from PPLEPPLEASR is back with 5 epic short films

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17

    Billionaire Warren Buffett dumps $ 3,230,000,000 from Berkshire’s exposure to Citigroup, Bank of America and Capital One after leaving Wells Fargo, JPMorgan Chase

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»Witness wants to change the way we authenticate digital content
Blockchain

Witness wants to change the way we authenticate digital content

2024-02-17No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Research and development company Witness has launched a verification protocol after raising $3.5 million in a seed funding round led by Huan Ventures with participation from Coinbase Ventures and a handful of angel investors.

The company is led by former Paradigm, Google and Facebook engineer Sina Sabet and former venture investor at Framework Ventures, Joe Call.

The Witness Protocol is designed to issue digital property using existing blockchain technology. In an interview with Blockworks, Call notes that Witness allows people to obtain proofs of their data that can represent things such as certificates signed by two different users.

“That data can be used by any application because they can verify it even if the data is not fully on-chain,” Call said.

Read more: Self-sovereign identity is not enough

Transaction fees remain a major onboarding problem for crypto products today, with many users unwilling to jump through multiple hoops to test out a new product.

What many applications have resorted to to attract more interest from users is deploying their own blockchain solutions, with cheaper transaction fees. However, Call said these solutions still don’t address the core problem, which is that you have to pay multiple fees for every action you perform on the blockchain.

What the witness protocol can achieve is make these products free to use, by extending ownership and verification across existing blockchain networks.

“The new thing here is that applications can allow users to download this information, while other applications can still rely on it because they know when the information was released,” Call said. “That’s the coordination paradigm we’re trying to unlock at scale by expanding this resource that blockchains provide in a new way.”

See also  Soonchain integrates into AGNT-HUB to elevate AI-driven web3 gaming

The way the witness protocol can achieve this is by receiving hashes from users that represent their data. On the blockchain, hashes refer to a digital footprint composed of letters and numbers that represent a document or set of data.

“If I show you a proof that says this hash existed in this block, then you know that the data that the hash represents must also have existed in that block,” Call said. “What you’re left with is what we call witness data, which is the combination of the evidence and the data that represents the hash that represents the evidence.”

Once this evidence is obtained, Call explains that there will no longer be any reliance on the Witness Protocol as a centralized intermediary, meaning users will have sovereignty over their data and the ability for anyone to verify that data.

Witness Protocol will use this latest fundraising to further grow its technical team, Call Notes.

Source link

authenticate Change Content Digital Witness
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano (ADA) Founder reveals long-awaited AirDrop details! Will be distributed among 37 million portfolios! – Some users cannot receive AirDrop!

2025-05-17

Complating digital assets win the long game in Crypto

2025-05-17

Top 5 block chains due to 7-day growth in active addresses and transactions

2025-05-17

SFT protocol to redefine Web3 Sports Landscape in collaboration with Athleta Network

2025-05-17
Add A Comment

Comments are closed.

Top Posts

Can Rising Interest in Pudgy Penguins Save the NFT Sector?

2023-12-11

Unraveling Trump’s Bitcoin Reserve Proposal and Its Impact on BTC

2024-12-16

Ethereum Price Rises: Can the Rally Hold?

2024-10-15
Editors Picks

IRS Recruits Former Binance.US and Consensys Executives to Investigate Crypto Tax Evasion

2024-02-29

Bitcoin forms inverse head and shoulders pattern, eyes $76,000

2024-03-08

Avax Price Prediction – Will buyers intervene for a “surprise?”

2025-03-01

BlackRock Bitcoin ETF Sees First Inflows in Weeks: Investors Prefer BTC Again?

2024-09-18
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

Trump Token Mania: More than 6,000% pump or classic Solana Trap?

A dozen new defendants who were sued in the alleged Rico -entry, connected to $ 263,000,000 crypto theft

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,158.45-0.62%
  • ethereumEthereum(ETH)$2,470.73-4.42%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.34-3.19%
  • binancecoinBNB(BNB)$640.60-1.40%
  • solanaSolana(SOL)$165.39-3.23%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.214694-5.07%
  • cardanoCardano(ADA)$0.74-4.47%
  • tronTRON(TRX)$0.270567-0.99%
  • suiSui(SUI)$3.78-2.72%
  • chainlinkChainlink(LINK)$15.26-4.80%
  • avalanche-2Avalanche(AVAX)$22.21-5.61%
  • stellarStellar(XLM)$0.284832-3.98%
  • hyperliquidHyperliquid(HYPE)$25.90-6.91%
  • unus-sed-leoUNUS SED LEO(LEO)$9.021.71%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.28%
  • hedera-hashgraphHedera(HBAR)$0.189028-4.92%
  • bitcoin-cashBitcoin Cash(BCH)$390.80-2.40%
  • the-open-networkToncoin(TON)$3.04-3.31%
  • litecoinLitecoin(LTC)$96.49-3.85%
  • polkadotPolkadot(DOT)$4.60-4.95%
  • moneroMonero(XMR)$334.30-0.47%
  • bitget-tokenBitget Token(BGB)$4.95-0.89%
  • daiDai(DAI)$1.000.01%
  • pepePepe(PEPE)$0.000012-9.75%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • piPi(PI)$0.68-13.11%
  • bittensorBittensor(TAO)$420.15-3.57%
  • uniswapUniswap(UNI)$5.72-8.38%
  • aaveAave(AAVE)$221.54-5.34%
  • nearNEAR Protocol(NEAR)$2.68-5.91%
  • aptosAptos(APT)$5.07-5.20%
  • okbOKB(OKB)$53.27-0.33%
  • kaspaKaspa(KAS)$0.111031-8.32%
  • ondo-financeOndo(ONDO)$0.91-5.74%
  • ethereum-classicEthereum Classic(ETC)$18.09-4.64%
  • internet-computerInternet Computer(ICP)$5.09-5.36%
  • gatechain-tokenGateToken(GT)$21.49-1.03%
  • crypto-com-chainCronos(CRO)$0.096965-4.35%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.79-0.55%
  • mantleMantle(MNT)$0.72-3.31%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230533-4.33%
  • vechainVeChain(VET)$0.027583-5.21%
  • render-tokenRender(RENDER)$4.49-5.52%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • ethenaEthena(ENA)$0.350832-10.81%
  • filecoinFilecoin(FIL)$2.77-5.55%
  • algorandAlgorand(ALGO)$0.214137-5.76%
  • cosmosCosmos(ATOM)$4.71-3.96%
  • bitcoinBitcoin(BTC)$103,158.45-0.62%
  • ethereumEthereum(ETH)$2,470.73-4.42%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.34-3.19%
  • binancecoinBNB(BNB)$640.60-1.40%
  • solanaSolana(SOL)$165.39-3.23%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.214694-5.07%
  • cardanoCardano(ADA)$0.74-4.47%
  • tronTRON(TRX)$0.270567-0.99%
  • suiSui(SUI)$3.78-2.72%
  • chainlinkChainlink(LINK)$15.26-4.80%
  • avalanche-2Avalanche(AVAX)$22.21-5.61%
  • stellarStellar(XLM)$0.284832-3.98%
  • hyperliquidHyperliquid(HYPE)$25.90-6.91%
  • unus-sed-leoUNUS SED LEO(LEO)$9.021.71%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.28%
  • hedera-hashgraphHedera(HBAR)$0.189028-4.92%
  • bitcoin-cashBitcoin Cash(BCH)$390.80-2.40%
  • the-open-networkToncoin(TON)$3.04-3.31%
  • litecoinLitecoin(LTC)$96.49-3.85%
  • polkadotPolkadot(DOT)$4.60-4.95%
  • moneroMonero(XMR)$334.30-0.47%
  • bitget-tokenBitget Token(BGB)$4.95-0.89%
  • daiDai(DAI)$1.000.01%
  • pepePepe(PEPE)$0.000012-9.75%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • piPi(PI)$0.68-13.11%
  • bittensorBittensor(TAO)$420.15-3.57%
  • uniswapUniswap(UNI)$5.72-8.38%
  • aaveAave(AAVE)$221.54-5.34%
  • nearNEAR Protocol(NEAR)$2.68-5.91%
  • aptosAptos(APT)$5.07-5.20%
  • okbOKB(OKB)$53.27-0.33%
  • kaspaKaspa(KAS)$0.111031-8.32%
  • ondo-financeOndo(ONDO)$0.91-5.74%
  • ethereum-classicEthereum Classic(ETC)$18.09-4.64%
  • internet-computerInternet Computer(ICP)$5.09-5.36%
  • gatechain-tokenGateToken(GT)$21.49-1.03%
  • crypto-com-chainCronos(CRO)$0.096965-4.35%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.79-0.55%
  • mantleMantle(MNT)$0.72-3.31%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230533-4.33%
  • vechainVeChain(VET)$0.027583-5.21%
  • render-tokenRender(RENDER)$4.49-5.52%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • ethenaEthena(ENA)$0.350832-10.81%
  • filecoinFilecoin(FIL)$2.77-5.55%
  • algorandAlgorand(ALGO)$0.214137-5.76%
  • cosmosCosmos(ATOM)$4.71-3.96%