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KILT Protocol

KILT

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About KILT Protocol

KILT Protocol is a decentralized blockchain protocol that seeks to provide a framework for issuing verifiable, revocable, and anonymous claims-based credentials in the Web 3.0 ecosystem. The protocol's primary objective is to return control over personal data to its owner, thereby restoring individual privacy and enabling innovative business models around identity and credentials. KILT Protocol is built on Parity Substrate and launched its mainnet as a Kusama parachain in September 2021. It aims to offer seamless integration opportunities with Kusama and Polkadot projects, and is also implementing enterprise partnerships in various sectors.

KILT Protocol operates by creating digital identities that consist of two parts: a Digital Identifier (DID) and Verifiable Credentials (VCs) linked to the identifier. The identity is built by adding more credentials to the identifier. In KILT, a trusted authority, known as the Attester, can issue documents (Credentials) which are then owned and controlled by the person (the Claimer) they are issued to. KILT does not store personal data on the blockchain; this data is in the Credential which is under complete control of the user. The blockchain is used to store hash values, enabling the user to prove the authenticity and validity of their Credential to anyone they decide to show it to using this hash.

KILT Protocol seeks to provide a permissionless trust infrastructure for real-world business cases that help individuals and entities prove and protect their online identity. By offering accreditation in the digital world, where businesses can verify credentials and build trust, KILT aims to provide a base layer for verifiable credentials in Web 3.0. It can be used to create identifiers for people, machines, services, and anything that identities can be built on. The potential use cases for KILT Protocol extend to various sectors, including gaming, NFTs, DeFi, DEXs, energy, healthcare, and banking.

KILT Protocol was founded in 2018 by Ingo Rübe, CEO of BOTLabs GmbH, in collaboration with Hubert Burda Media. Ingo Rübe has a rich history in the tech industry, having served as CTO for Hubert Burda Media from 2012 to 2017 and as project director for the German publisher Axel Springer SE from 2006 to 2012. Recognizing the potential of blockchain to restore autonomy and control over personal data, Ingo set out to create identity solutions that could be standardized and implemented by corporates and entrepreneurs worldwide. KILT Protocol launched its mainnet as a Kusama parachain in September 2021.

Market

Canada Market Stats

Market cap

CA$20.4M

Volume (24h)

CA$78,469.82

Circulating supply

49.4M KILT

All time high

CA$15.68

Price change (1h)

+0.13%

Price change (24h)

+8.74%

Price change (7d)

-6.88%

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KILT Protocol is on the decline this week.

The price of KILT Protocol has increased by 0.13% in the last hour and increased by 8.74% in the past 24 hours. KILT Protocol’s price has also fallen by 6.88% in the past week. The current price is CA$0.41 per KILT with a 24-hour trading volume of CA$78.47K. Currently, KILT Protocol is valued at 97.37% below its all time high of CA$15.68. This all-time high was the highest price paid for KILT Protocol since its launch.

The current circulating supply of KILT Protocol is 49,420,140 KILT which means that KILT Protocol has as total market cap of 49,420,140.

FAQ

What is the current price of KILT Protocol?

We update our KILT Protocol to CAD currency in real-time. Get the live price of KILT Protocol on Coinbase.

What is the market cap of KILT Protocol?

The current market cap of KILT Protocol is CA$20.39M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of KILT Protocol?

The all-time high of KILT Protocol is CA$15.68. This all-time high is highest price paid for KILT Protocol since it was launched.

What is the 24 hour trading volume of KILT Protocol?

Over the last 24 hours, the trading volume of KILT Protocol is CA$78.47K.

What other assets are similar to KILT Protocol?

Assets that have a similar market cap to KILT Protocol include Joystream, Hegic, Nexa, and many others. To see a full list, see our comparable market cap assets.

How many KILT Protocol are there?

The current circulating supply of KILT Protocol is 49 million.

Can I buy KILT Protocol on Coinbase?

No, KILT Protocol is not currently available on Coinbase, but you can sign up to get the latest news on KILT Protocol and be notified when it gets added to our exchange.