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$SUI's integration of decentralized identity verification is a game-changer for Web3. By leveraging Sui's fast transaction speeds, users can securely verify their identities on-chain, reducing fraud and enhancing privacy. This feature enables secure and transparent interactions in DeFi and beyond, streamlining the user experience ¹. Decentralized identities (DIDs) are user-controlled, digital identity frameworks utilizing blockchain technology for secure, private, and interoperable identity verification. DIDs empower users to own and control their personal data, promoting autonomy and security ². Key benefits of DIDs include: - *Control Over Personal Data*: Users manage their digital identity, controlling who accesses their information. - *Enhanced Privacy and Security*: Cryptographic methods secure identity and transactions. - *Interoperability*: DIDs work across various platforms and services. Other notable DID projects include ²: - *Worldcoin*: Uses biometric data for unique digital identities. - *Lifeform*: Offers hyper-realistic 3D avatars for decentralized visual DID solutions. - *Polygon ID*: Leverages zero-knowledge proofs for privacy-centric digital identity. - *Ethereum Name Service*: Provides human-readable names mapped to blockchain addresses. The NS token launch also introduces community governance for SuiNS, empowering holders to shape the platform's future ³.

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Bio Your Life | Build Your ID, Invest Your Future, Own Your Worth

🟢Fuel GlossaryAddress An address is a cryptographic hash representing an identity of a wallet or a predicate root. 🟢AssetId An asset ID is a unique identifier for an on-chain asset. It is derived from the root of the bytecode of the contract minting the asset. 🟢Base Asset The base asset is the underlying asset needed to perform any transactions on a blockchain. It is used to pay gas for transactions. On Ethereum, the base asset is ETH. 🟢Block A block is a record of many transactions, that are grouped together and cryptographically hashed. The linked blocks form a chain, also called a blockchain. 🟢Block Explorer A block explorer is an interface for block and transaction data produced by a blockchain. You can use a block explorer to explore and verify addresses, contracts, and transaction histories. 🟢Block Height The block height refers to the total number of valid blocks produced in the history of a blockchain, starting with the genesis block. 🟢Block ID A block ID is a unique identifier for a particular block. 🟢Bridge A bridge is a mechanism that allows the transfer of data or assets from one blockchain to another. 🟢Bytecode Bytecode is machine-readable code, usually generated from a compiler. 🟢Chain Another name for a blockchain. 🟢ChainId A unique ID for a blockchain. 🟢Client The Fuel client refers to the software that runs the Fuel Virtual Machine. It can be used to validate and produce blocks, and send transactions. 🟢Conbase Conbase refers to the validators paying themselves for processing a block from the transaction fees. Having a coinbase transaction on each block makes this process transparent to all users. 🟢Consensus The consensus layer defines the state and validates that all nodes on the blockchain have the same state. 🟢Consensus Parameters Consensus parameters are the rules used by clients to determine the validity of and finalize a block. 🟢Contract Call Calling a contract means invoking a function from a smart contract that has been deployed to the blockchain. 🟢Contract ID The contract ID is a unique identifier for a contract derived from the root of the contract bytecode. 🟢Data Availability The data availability layer ensures that block data has been published to the network. 🟢EIP EIP stands for Ethereum Improvement Proposal. It refers to a proposal to upgrade the core software powering the Ethereum blockchain. 🟢EOA EOA stands for Externally Owned Account. It refers to a wallet address that is not controlled by a contract. 🟢EVM EVM stands for Ethereum Virtual Machine, which is the virtual machine used for the Ethereum network. 🟢Execution Execution refers to the processing of transactions by nodes in a network. 🟢Faucet A faucet is a service that provides free tokens for a testnet. 🟢Forc Forc is short for Fuel Orchestrator. Similar to Cargo for Rust, Forc is the build system and package manager for Sway. It is used to build, test, and deploy Sway contracts. 🟢Fraud Proof Fraud proofs are a blockchain verification mechanism whereby a claim on a new block is accepted unless a proof the claim is invalid is provided within some configurable time window. Both the Fuel protocol and the FuelVM are designed to be fraud-provable in restrictive environments such as the Ethereum Virtual Machine. 🟢Fuel The Fuel blockchain. 🟢Fuels Fuels is the name of the Fuel Rust and Typescript SDKs used to interact with a contract, similar to ethers.js or web3.js 🟢Fuelup Fuelup is the official toolchain and package manager for the Fuel toolchain. 🟢FuelVM The FuelVM is the virtual machine powering the Fuel blockchain. 🟢Fuel Core fuel-core is the name of the Fuel client implementation. 🟢Gas Gas is a variable fee charged by a node to process a transaction that is executed on-chain. 🟢Indexer An indexer is a program that watches and organizes blockchain data so it can be easily queried. 🟢Input An input refers to a transaction input, which is a UTXO consumed by a transaction. 🟢Layer 1 (L1) Also called a level 1, this refers to a base layer blockchain that is not built on top of any other blockchain. 🟢Layer 2 (L2) Also called a level 2, this is a blockchain that is built on top of another blockchain. Layer 2 networks can offer unique benefits like allowing for cheaper transactions or sovereign rollups that can fork without forking the base layer. 🟢Light Client A light client is a client that doesn't validate blocks and transactions but still offers some functionality to send transactions. 🟢Locked Wallet A locked wallet is a wallet that can only interact with read-only smart contract methods. 🟢Mainnet Mainnet refers to the main network of a blockchain, as opposed to a testnet. 🟢Merkle Tree A Merkle tree is a data structure which uses a cryptographic hash function recursively to condense a set of data into a single value, called the root. It allows efficient proofs that a given element is part of the set. 🟢Message A type of input that only includes specific metadata, and is often used for bridging. 🟢Mint Minting refers to the creation of new coins. 🟢Modular Referring to a blockchain architecture that allows for execution, settlement, consensus, and data availability to run on separate layers. 🟢Monolithic Referring to a blockchain architecture that handles execution, settlement, consensus, and data availability all at the same time on a single layer. 🟢Native Asset With Fuel any contract can make its own native asset. On Ethereum, the only native asset is ETH. This allows for much cheaper token transactions because it doesn't require any contract state changes. It also allows you to directly forward any asset in a transaction call, avoiding the need for the approve and transferFrom mechanisms. 🟢Network Another name for a blockchain. 🟢Node A client that validates and produces blocks for the network. 🟢Optimistic Rollup An optimistic rollup is a sidechain that uses fraud proofs to verify transactions instead of relying on a majority of validators to be honest. 🟢Output An output refers to a transaction output, or which UTXOs are output by a transaction. 🟢Parallel Transactions Parallel transactions refers to the ability of the FuelVM to process multiple transactions in parallel. 🟢Predicate A predicate is a pure function that can return true or false, and is sent inside a transaction as bytecode and checked at transaction validity time. If it evaluates to false the transaction will not be processed, and no gas will be used. If it evaluates to true, any coins belonging to the address equal to the Merkle root of the predicate bytecode may be spent by the transaction. 🟢Private Key A cryptographic key that is used to prove ownership by producing a digital signature. It should be kept private (or secret) as it can grant access to a wallet. 🟢Public Key A cryptographic key that is generated from its associated private key and can be shared publicly. Addresses are derived from public keys. 🟢Receipt A receipt is a data object that is emitted during a transaction and contains information about that transaction. 🟢Reentrancy attack A type of attack in which the attacker is able to recursively call a contract function so that the function is exited before it is fully executed. This can result in the attacker being able to withdraw more funds than intended from a contract. 🟢Rollup A rollup is a scaling solution for layer 1 blockchains that "rolls up" or batches transactions as calldata. 🟢Script A script is runnable bytecode that executes once on-chain to perform some task. It does not represent ownership of any resources and it cannot be called by a contract. A script can return a single value of any type. 🟢Settlement Settlement refers to how and where on-chain disputes are resolved or settled. 🟢Sidechain A sidechain is a blockchain that runs independently but is connected to another blockchain (often Ethereum Mainnet) by a two-way bridge. 🟢Signature A cryptographic signature from a wallet, usually in reference to a signature for a message. 🟢Smart Contract Also referred to as a contract, a smart contract is a set of programming functions with persistent state that is deployed on a blockchain. Once deployed, the contract code can never be changed or deleted, and anyone can access public functions without permission. 🟢State Channel State channels allow for users to conduct any number of off-chain transactions while only submitting two on-chain transactions to open and close the channel. This reduces the number of on-chain transactions needed, which reduces the cost and saves time. $FUEL

World Network: A Human-Centric Future World Network, formerly known as Worldcoin, has evolved beyond a cryptocurrency project. It now envisions a future where every human has a verifiable digital identity, empowering individuals and fostering a more equitable global society. This vision centers around a human-centric approach, prioritizing individual needs and well-being while leveraging cutting-edge technology. Core Principles: * Proof of Personhood: At the heart of World Network lies the concept of "proof of personhood." By utilizing iris scanning technology through the Orb device, individuals can obtain a unique digital identity, ensuring that only real humans participate in the digital world. * Universal Basic Income (UBI): World Network aims to distribute a portion of its token, WLD, to every verified human. This UBI can provide a financial safety net, empower individuals to pursue their passions, and contribute to a more equitable global economy. * Global Digital Identity: World ID, the digital identity generated by the Orb, transcends traditional limitations. It can serve as a secure and verifiable identity for accessing various online and offline services, empowering individuals with greater control over their digital lives. * Decentralized Governance: World Network emphasizes community-driven governance through decentralized autonomous organizations (DAOs). This empowers token holders to participate in decision-making processes, ensuring that the project evolves in alignment with the community's vision. Impact on Humanity: * Financial Inclusion: By providing a global digital identity and access to UBI, World Network can significantly enhance financial inclusion. This empowers individuals, particularly those excluded from traditional financial systems, to participate in the global economy, access financial services, and improve their economic well-being. * Empowerment and Opportunity: UBI can provide a safety net for individuals, allowing them to pursue education, start businesses, and pursue their passions without the constraints of economic necessity. This can unleash human potential and drive innovation across various sectors. * Addressing Global Challenges: By fostering economic empowerment and reducing inequality, World Network can contribute to addressing global challenges such as poverty, hunger, and lack of access to healthcare and education. * Shaping the Future of Technology: World Network's innovative approach to digital identity and its exploration of UBI have the potential to shape the future of technology and its impact on humanity. By prioritizing human needs and well-being, World Network aims to create a more equitable and inclusive digital future. Challenges and Considerations: * Ethical Considerations: The use of biometric data raises significant ethical considerations, including privacy concerns and the potential for misuse. * Regulatory Landscape: Navigating the evolving regulatory landscape for cryptocurrencies and data privacy presents significant challenges. * Global Adoption: Achieving widespread global adoption requires overcoming cultural, linguistic, and technological barriers. Conclusion: World Network's vision for a human-centric future is ambitious yet inspiring. By leveraging cutting-edge technology and a community-driven approach, World Network aims to empower individuals, reduce inequality, and shape a more equitable and inclusive world. While challenges remain, the project's potential to positively impact humanity is significant. Disclaimer: This article is for informational purposes only and should not be construed as financial or investment advice. Investing in cryptocurrencies involves significant risks, and investors should conduct thorough research and due diligence before making any investment decisions. *