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#4: ( Part 1/2) How do Decentralized Identifiers (DID) work?
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This episode is a two-part series of how Decentralized Identifiers (DID) work. In part one, we break down the basic elements of a DID and how it compares to the fragmented, paper-based systems that we still use today and how this new model could be applied in a digital world.
- What problems do Decentralized Identifiers (DID) solve when it comes to paper-based identity systems?
- How do you manage multiple private keys and different blockchains with DIDs?
- What is the difference between a credential and a claim?
- What are the working elements of a DID?
- How can you setup a free DID today?
- How are DIDs self-sovereign and give control back to the identity owner?
- What happens if you lose your private keys?
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