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Identity Overlay Network
Identity Overlay Network

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!!! Overview
[{$pagename}] ([ION]) is a public, [Permissionless System], [Decentralized Identifier] ([DID]) network that implements the [blockchain]-agnostic [Sidetree protocol] on top of [Bitcoin] (as a '[Layer 2|Data-link Layer]' overlay) to support [DIDs]/[DPKI] ([Decentralized Public Key Infrastructure]) at scale.
The majority of [ION]'s code is developed under the blockchain-agnostic [Sidetree protocol]'s which this project uses internally with the code required to run the [protocol] on [Bitcoin], as the [ION] [network].
Each transaction is encoded with a [hash] that allows [ION] nodes to categorize, store, process, and fetch the transactions associated with a specific [DID].
[{$pagename}] network is connected to [Bitcoin] with the [Inter-Planetary File System] ([IPFS]) and does not require an additional [consensus] mechanism.
[{$pagename}] nodes can process "tens of thousands of transactions per second."
The ION team rates [Bitcoin] as the most secure [blockchain] on two metrics: production of a single, independent, immutable record with no way to reverse it; inexpensive cost of attacking the system.
!! More Information
There might be more information for this subject on one of the following:
[{ReferringPagesPlugin before='*' after='\n' }]
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* [#1] - [ION||target='_blank'] - based on information obtained 2021-03-28
* [#2] - [ION – We Have Liftoff!|https://techcommunity.microsoft.com/t5/identity-standards-blog/ion-we-have-liftoff/ba-p/1441555|target='_blank'] - based on information obtained 2021-03-27
This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthorTop