IOTA Identity Overview: IOTA offers a decentralized identity framework that enhances digital trust, allowing users to maintain control over their identities without relying on centralized intermediaries.
Technical Architecture: The system utilizes a feeless, immutable ledger and W3C’s DID standards, ensuring secure and verifiable interactions while keeping sensitive data off-chain.
Real-World Applications: IOTA Identity facilitates faster KYC processes in finance, secure medical record sharing in healthcare, and provides unique digital IDs for products to combat counterfeiting.
Market Performance: Recently, IOTA's market has seen an 8% increase, with its trading value around $0.2118 and a market cap of approximately $838 million.
