Lido and others plan to launch blockchain identity platform Y and compete with World Network
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On November 18th, according to CoinDesk, a group of cryptocurrency veterans, including the co-founder of decentralized finance giant Lido, are preparing to launch "Y", a blockchain identity platform aimed at competing with the World Network. A person close to Cyber Fund (a venture capital company led by Konstantin Lomashuk and Vasiliy Shapovalov, co founders of Lido) said that Y would not use biometric data, but would check the traces left by people when they use the Internet to verify whether they are human. According to the Y planning document, this method can address privacy risks and minimize fraudulent behavior - in stark contrast to World's reliance on iris scanning.