LIT Litentry

Litentry is a Decentralized Identity Aggregation protocol across multiple networks, featuring a DID indexing mechanism and a Substrate-based credit computation network. The protocol provides a decentralized, interoperable identity aggregation service that mitigates the difficulty of resolving agnostic DID mechanisms. Litentry provides a secure vehicle through which users manage their identities and dApps obtain real-time credit/reputation of an identity owner across different blockchains.

The LIT token is used in Litentry Network as a fee for credit/reputation computation, reward for indexed identity databases, stakes for being an identity registrar, or collaterals for DeFi lending services.

Litentry aims to be the Parachain of Polkadot Network and benefit from the thriving cross-chain ecosystem and shared security.