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The essence of Decentralized-ID is in creating open standards for a privacy preserving internet-wide identity layer.

Decentralized identifier or DIDs are a type of identifier that enables a verifiable,
decentralized digital identity.

MyID is targeted to develop a cross-chain identity protocol on the Web 3.0,including an identity-based network and related tools.
MYID will develop an aggregated identity that is an identity linked with accounts from different blockchains and off-chain applications/services,
which represent the owner behind the accounts,and further present the owner’s credibility and reputation in various aspects

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HOW TO ATTRACT REAL USERS
A common problem for new blockchain projects is how to attract real users. Blockchain projects always use air-drop, but projects cannot prevent a user from creating multiple accounts to get the rewards.
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ONE THING MISSING IS CREDIT LOANS
A missing point in the DeFi world is credit loan. Without the credit or financial history of users, financial institutes need to charge a collateralized deposit for issuing a microloan or flash loan.
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ON CHAIN GOVERNANCE OF PROOF OF INTEREST (POS) NETWORKS
In the on-chain governance of a Proof of Stake(PoS) network, the voting power is mainly decided by the distribution of tokens, the network will need sophisticated algorithms to make sure the voting power is not controlled by individual major stakeholders.

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From fragmented,
singular identities to an aggregated identity, a more demonstrating,
exhaustive identity image is assembled.
This aggregated DID fully conforms to W3C DID standards,
and can potentially resolve the problem of isolated ID registry systems that most tech companies are facing.
MYID DID-aggregation enables a platform-agnostic identity system that eliminates the process of account registration for users
and the coding work of building a new registry system for developers.

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For implementing DID , organisations working on Self-Sovereign Identity are relying on the use of Distributed Ledgers / Blockchains to support the registry of identifiers. In particular, the MYID is proposing the architecture shown in the picture below,
User agent: A program
In the on-chain governance of a Proof of Stake(PoS) network, the voting power is mainly decided by the distribution of tokens, the network will need sophisticated algorithms to make sure the voting power is not controlled by individual major stakeholders.
Universal Resolver
a server featuring a pluggable system of DID Method drivers that enables resolution and discovery of DIDs across any decentralised system
Universal Registrar
a server that enables the registration of DIDs across any decentralized system that produces a compatible driver
Identity Hubs
secure personal datastores that coordinate storage of signed/encrypted data, and relay messages to identity-linked devices
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For electronic identification, MYID relies on the principle of cross-border and legally enforceable mutual recognition between Member States. According to MYID, online public services requesting authentication are obliged to recognise MYID schemes notified by other Member States, being the notifying Member State responsible for the authentication provided by these MYID schemes.
Although recognition is mandatory for public services, private services can also recognise notified foreign MYID schemes on a voluntary basis Technically,
this mutual recognition is ensured by the MYID Interoperability framework5 , based on the deployment of national MYID nodes managing the cross-border exchange of information

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Linking the DID with the identity provided by a notified MYID scheme Under MYID, providers of online services can authenticate their users by means of their notified MYID schemes; for doing that,
they need to be connected to an MYID node that will transfer their authentication request to the MYID node of the country issuing the MYID means associated to the MYID scheme used by the users.
In the authentication response, together with the result of the authentication, service providers can receive a set of data identifying uniquely the user.
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The link of the DID with the MYID Minimum Data Set can be done by allowing the user agent managing the DID to perform an MYID authentication, acting as a service provider (as shown in the Composed of 4 mandatory attributes:Current family name(s),Current first name(s), Date of birth, a unique identifier as persistent as possible in time,plus 4 optional ones: First name(s) and family name(s) at birth,Place of birth, Current address). This authentication could be done at the moment of the creation of the DID,
or later In order to ensure the trustworthiness of the link, the user agent needs to guarantee that the legitimate owner of the DID is the same person that is authenticating via MYID After creating the link, the identification data coming from the MYID Minimum Data Set would become part of the attributes that the user could disclose to third parties.
However, it must be noted that, from the point of view of those third parties, these identification data would be self asserted, as they cannot rely on the MYID node to verify them. This is because MYID is meant to be used for authenticating when accessing to services, but not for providing claims about identity that can be verified by others different from those who are requesting the authentication.