Holonym Foundation partnered with Renzo Protocol, an Ethereum Liquid Restaking Protocol, to strengthen the security of the Mishti Network and the company’s digital identity solution: Human Keys.
Ethereum Liquid Restaking Protocol Joins the Holonym Foundation
The Holonym Foundation, which focuses on digital identity solutions, revealed the collaboration with the Renzo Protocol. The liquid resttaking protocol will resume $800 million worth of ezETH to improve the security of Holonym’s Mishti Network.
The protocol will use Ethereum and EigenLayers infrastructure and node operators to support Mitshti Network’s secure creation of Human Keys, Holonym’s digital identity solution. The partnership allows users to generate keys using biometrics or social media accounts, while ensuring flexibility and security.
Nanak Nihal Khalsa, one of the co-founders of the Holonym Foundation, emphasized that the collaboration aims to make their product more accessible to users: “By integrating with the Renzo Protocol, we strengthen the security of our Mishti network, making Human Keys more accessible than ever.”
Launched earlier this year, Holonyms Mishti Network is the decentralized chain for Human Keys, intended to enable users to “create secure, high-entropy, zero-knowledge private keys based on human attributes,” simplifying the process of creating, restoring, and easily using a crypto wallet with any blockchain.
Shady El Damaty, co-founder of the Holonym Foundation, emphasized that users do not need centralized entities to operate and protect their keys at Mishti Network. “All standard human-centric authentication styles such as passwords, security questions, accounts and faceID can be decentralized without the dependency on a third party such as Apple or Google,” he said.
Holonym’s digital identity solution
Holonym Foundation has developed its infrastructure to enable users around the world to create Human Keys with its Mishti Network, aiming to “streamline the crypto wallet experience” and make it accessible to newcomers and seasoned blockchain users .
El Damaty also stated that Human Keys is the company’s way of scaling the benefits of crypto to consumers around the world, leveraging zero-knowledge (ZK) technology and economics security from Ethereum:
Human Keys are how we scale the benefits of crypto – security, privacy, data ownership – to global consumers. We do this by focusing on the human behind the technology, making it easy for anyone to create a universal account that works across all devices, requires no app and is built on privacy, secured by zero -knowledge technology and the economic security of Ethereum.
The company’s digital identity solution aims to provide a decentralized solution that allows users to create, restore and manage secure cryptographic keys that do not rely on a centralized party or expose the user’s data.
To achieve this, the keys assume zero trust security in the decentralized network required to generate them, protecting users’ personal data from disclosure. As El Damaty explained:
The OPRF derivation unlocks private homomorphic computations on encrypted biometric data, allowing untrusted third parties to authenticate users without ever seeing the underlying data. This ushers in new use cases that were never possible before.
Ultimately, security and protecting user privacy remain a topic of discussion within the industry figures like Ethereum founder Vitalik Buterin, who vouches for “Public DeFi, but private wallets.”
Ehtereum (ETH) is trading at $2,430 in the five-day chart. Source: ETHUSDT on TradingView
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