Reinforcing Hypersign’s digital identity security and user autonomy solution with Babylon’s innovative security architecture
In an increasingly interconnected world, our online presence and interactions have become an integral part of our everyday life. Our digital identities have become more than just our online footprint. They significantly influence our personal and professional reputations, influencing how others perceive us. Because of this, it’s important we manage and protect our digital identities.
Hypersign is a cross-chain identity decentralized network designed to manage digital identity and access rights. This breakthrough solution upends traditional models by giving individuals complete control over their own data. Hypersign operates on the principles of self-sovereign identity (SSI), which enables users to decide when, where, and with whom their personal data is shared.
Babylon is thrilled to announce its testnet integration with Hypersign. Through this integration, Babylon will enhance transaction security and lower bonding periods in the Hypersign ecosystem with its innovative Bitcoin security architecture.
The Hypersign Identity Network
As a decentralized identity layer for the internet, Hypersign empowers individuals with control over their personal data, fostering digital trust for businesses, and ultimately seeking to eliminate data breaches.
The Hypersign Identity Network is an innovative, permissionless blockchain platform that's dedicated to managing digital identity and access rights. Built on a Proof of Stake (PoS) model, the network provides an interoperable, secure and user-friendly infrastructure that prioritizes user privacy and control. By facilitating trustless digital reputation, encrypted P2P communication, privacy-based access management, and more, the Hypersign Identity Network offers a transformative solution for personal data protection and trusted digital interactions in our hyperconnected world.
Boosted Security and Scalability
Babylon's Bitcoin Timestamping Protocol is a fundamental feature of its integration. It acts as a medium to timestamp events from other blockchains onto Bitcoin, offering these events the same level of security enjoyed by Bitcoin transactions. In essence, this protocol utilizes Bitcoin's security as a timestamping server. Babylon’s integration uses checkpointing and timestamping technology to add Hypersign transactions onto the Bitcoin network, ensuring all transactions on the blockchain are secure, verified and irreversible.
In addition to improving security of transactions, the Bitcoin timestamping protocol enables fast stake unbonding, composable trust, reduced cost of security, cross-chain security, and bootstrapping new chains by combining the long-range security of Proof-of-Work Bitcoin with the short-range security of Proof-of-Stake chains.
Forging a Community-Centric Future
Both Babylon and Hypersign share a vision for enabling individuals to engage in community ownership and governance. This collaboration between Babylon and Hypersign marks a commitment towards safeguarding users’ digital identities and access rights, ensuring personal data stays private and protected.
About Hypersign
Hypersign is an innovative, permissionless blockchain network that manages digital identity and access rights. Rooted in the principles of Self-Sovereign Identity (SSI), Hypersign empowers individuals to take control of their data and access on the internet. It provides a scalable, interoperable, and secure verifiable data registry (VDR) that enables various use cases based on SSI. Built using the Cosmos-SDK, the Hypersign Identity Network is recognized by W3C (World Wide Web Consortium), promoting a seamless and secure identity management experience on the Internet.
