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About Litentry(LIT)
What is Litentry (LIT)?
Litentry (LIT) enables user identities to be connected across different networks. This Decentralized Identity Aggregator provides a secure way for users to manage their identities, while also allowing Dapps to access real-time Decentralized Identity (DID) of identity owners across multiple blockchains. According to its whitepaper, Litentry aims to become the Parachain of the Polkadot Network. A Parachain is a globally rational data structure that is application-specific and validated by the relay chain validators.
How does Litentry (LIT) Work?
Litentry (LIT) allows users to connect their identities across multiple networks. Unlike traditional identities that involve centralized control, Litentry uses decentralized generation techniques to create identities that can be managed securely across different blockchains. The goal of Litentry is to become the Parachain of the Polkadot Network, which is a globally rational data structure that is application-specific and validated by the relay chain validators. By indexing data across blockchains, Litentry simplifies data management and allows users to leverage their identities according to their preferences without the need for account registration or new registry methods. This technology has the potential to revolutionize how we approach identity management and could potentially fix many of the issues associated with isolated ID registry systems.
What is the LIT Token?
The Litentry platform has its own native token called LIT, which is used to compensate validators for their efforts. The token also serves as a reward for validators and is required as a stake for the identity registrar to make decentralized judgments for users. Additionally, Litentry allows for the use of LIT tokens as a deposit currency for DeFi lending services with combined identity verification. If a user's credit score improves, their required deposit amount may decrease.
What is the Litmus network?
Litmus is a canary network that works alongside Litentry and is connected to the Kusama ecosystem as a parachain. It is designed to be highly advanced and fast-paced, providing a perfect testing ground for new products and ideas before they are implemented on the Litentry parachain.
LIT to local currency
Crypto calculator- 1 LIT to USD$1
- 1 LIT to JPY1.0041215
- 1 LIT to VND1.0041215
- 1 LIT to RUB1.0041215
- 1 LIT to EUR (Español)1.0041215
- 1 LIT to TRY1.0041215
- 1 LIT to EUR (Italiano)1.0041215
- 1 LIT to EUR (Français)1.0041215
- 1 LIT to EUR (Deutsch)1.0041215
- 1 LIT to CNY1.0041215
- 1 LIT to TWD1.0041215
- 1 LIT to EUR (Português)1.0041215
- 1 LIT to IDR1.0041215
- 1 LIT to THB1.0041215
- 1 LIT to PLN1.0041215
- 1 LIT to UAH1.0041215
- 1 LIT to UZS1.0041215
- 1 LIT to SAR1.0041215
- 1 LIT to PHP1.0041215
Trade LIT perpetual futures
After having successfully signed up on Bitget and purchased USDT or LIT tokens, you can start trading derivatives, including LIT futures and margin trading to increase your income.
The current price of LIT is $1, with a 24h price change of -3.40%. Traders can profit by either going long or short onLIT futures.
Join LIT copy trading by following elite traders.
Litentry news
See more
BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Rumored SEC Approvals
Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.
Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain
The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.
Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally
“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”
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Litentry Social Data
In the last 24 hours, the social media sentiment score for Litentry was 3, and the social media sentiment towards Litentry price trend was Bullish. The overall Litentry social media score was 0, which ranks 518 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Litentry being mentioned with a frequency ratio of 0%, ranking 481 among all cryptocurrencies.
In the last 24 hours, there were a total of 310 unique users discussing Litentry, with a total of Litentry mentions of 36. However, compared to the previous 24-hour period, the number of unique users increase by 8%, and the total number of mentions has decrease by 40%.
On Twitter, there were a total of 0 tweets mentioning Litentry in the last 24 hours. Among them, 0% are bullish on Litentry, 0% are bearish on Litentry, and 100% are neutral on Litentry.
On Reddit, there were 26 posts mentioning Litentry in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 8% . Additionally, there were 0 comments mentioning Litentry. Compared to the previous 24-hour period, the number of mentions decrease by 0%.
Visão geral das redes sociais
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