KILT Protocol is a decentralized blockchain identity protocol designed to issue verifiable, revocable, and anonymous claims-based credentials in Web 3.0. Its primary goal is to empower individuals with control over their personal data, thereby restoring privacy and enabling innovative business models around identity and credentials. KILT achieves this by leveraging blockchain technology while incorporating real-world trust mechanisms.


Key features of KILT Protocol include:


Digital Identity Components: KILT's digital identity comprises Digital Identifiers (DIDs) and Verifiable Credentials (VCs) linked to these identifiers. Identity is constructed by adding more credentials to the identifier.


Decentralized Issuance and Control: Trusted authorities, called Attesters, can issue Verifiable Credentials to individuals (Claimers), who then retain complete control over these credentials. Personal data is never stored on the blockchain; instead, the blockchain stores hash values for verification purposes.


Permissionless Trust Infrastructure: KILT aims to establish a permissionless trust infrastructure for real-world business cases, enabling individuals and entities to prove and protect their online identities. This infrastructure fosters trust and verification in the digital realm, facilitating the development of innovative applications and services.


Parachain Integration: Built on Parity Substrate, KILT launched its mainnet as a Kusama parachain in September 2021. This integration offers seamless interoperability with other projects within the Kusama and Polkadot ecosystems, expanding KILT's utility across various sectors, including gaming, NFTs, DeFi, and more.


Security Mechanisms: KILT utilizes a variation of Proof-of-Stake (PoS) consensus called Limited Delegated Proof-of-Stake (LDPoS) to enhance chain security. Collators collect transactions and build blocks, while delegators support trusted collators with staked KILT Coins. As a parachain on Kusama (and potentially Polkadot), KILT benefits from the security provided by the Kusama Relay Chain.


Regarding tokenomics, KILT Coin (KILT) has a total supply of 150 million coins, with an initial circulating supply of 34 million. The remaining pre-minted coins will gradually unlock over a period of 6 to 60 months. KILT offers various token utilities, including payment, on-chain operations, and staking mechanisms for collators and delegators.


In summary, KILT Protocol offers a robust solution for decentralized identity management, prioritizing user privacy, security, and control over personal data in the emerging landscape of Web 3.0.