How to complete Holonym kyc | How to get GitCoin Humanity Score

August 30, 2024

Hello Friends in this article i will show you How to complete Holonym KYC and How to get GitCoin Humanity Score. If you are interested please read the full article.let’s start

What Is Holonym?

Holonym is a decentralized identity protocol designed to provide privacy-preserving identity verification using zero-knowledge proofs (ZKPs). This technology allows users to prove aspects of their identity—such as age, residency, or accredited investor status—without exposing sensitive personal information(Holonym Foundation BioUpdate).

Holonym’s core offerings include compliance with KYC (Know Your Customer) and AML (Anti-Money Laundering) standards while preserving privacy(Private Credentials | Documentation). It uses biometric data to generate cryptographic credentials called “Human Keys” for secure identity verification(BioUpdate). The system ensures that data stays on user devices, only submitting proofs of compliance, rather than storing sensitive information on a centralized server.

Holonym also supports decentralized finance (DeFi) platforms by enabling sybil-resistant identity proofs for fairer token distribution and voting systems(GitHub).

what is Gitcoin passport?

Gitcoin Passport is a decentralized identity verification tool designed to enable users to prove their identity across various platforms without sharing personal information. It allows users to collect verification credentials or “stamps” from trusted sources in both web2 (such as Google or Facebook) and web3 (like BrightID or Proof of Humanity). These stamps act as credentials for users, ensuring their online identity and humanity are verified securely.

The primary goal of Gitcoin Passport is to protect online communities from Sybil attacks and bots by enabling users to build a trusted digital reputation. This system ensures that users are who they claim to be without requiring centralized databases, offering greater privacy and autonomy(Gitcoin,Gitcoin,The Ceramic Blog).

For example, Gitcoin Grants use the Passport system to prevent fraudulent donations and ensure fair funding distribution. The identity verification process contributes to the Trust Bonus system, which rewards users who have a higher identity score by increasing the impact of their donations(Gitcoin,Gitcoin Support).