OneID is a multichain identity solution developed by Ninety Eight, allowing users to own a unique identity to access and use across more than 70 blockchains, optimizing security and the Web3 experience.
OneID eliminates the complexity of managing multiple accounts across different blockchains, while providing a decentralized security mechanism and easy integration with dApps, suitable for both individuals and businesses.
MAIN CONTENT
A single identity for over 70 blockchains, easy management and verification.
Decentralized, highly secure, easy to integrate with the Web3 ecosystem and dApps.
ID classification, transparent registration status, clear fee mechanisms, diverse options.
What is OneID?
OneID is an advanced multichain identity platform developed by Ninety Eight, built on the Viction blockchain, allowing users to create and use a single ID to access, transact, and verify across more than 70 blockchains without needing multiple disparate accounts.
OneID has realized the idea of a multichain identity, supporting users to experience Web3 more easily and securely, marking a significant step in the blockchain development journey.
Nguyễn Thế Vinh, CEO Ninety Eight, December 2023, TinTucBitcoin
OneID completely solves the identity fragmentation problem in the cryptocurrency space, helping users no longer have to remember multiple ID domain names or manage multiple wallets across different blockchains. As a result, the Web3 experience becomes seamless, secure, and time-saving.
What is the role of OneID in the current multichain blockchain ecosystem?
OneID serves as a cross-chain digital identity bridge, helping users and businesses manage identities in a unified, secure, and convenient manner across the entire blockchain ecosystem.
Integrating over 70 blockchains helps minimize fragmentation risks, enhance personal security, and optimize operations for both users and developers. OneID is not just a login solution but also a comprehensive identity verification, transaction, and management platform in the Web3 era.
Why is the demand for OneID increasing in the cryptocurrency community?
The demand for OneID has surged due to the rapid development of dApps, multichain wallets, and the complexity in managing multiple accounts, ID domain names across different blockchains, leading to inconvenience, risks, and high additional costs.
The need for users to remember and manage multiple ID domain names has created significant barriers and incurred non-trivial additional costs when having to purchase multiple IDs on various chains.
Web3 Report 2023 analysis report, TinTucBitcoin
Before OneID, users had to register each ID separately on each blockchain, facing the risk of someone else claiming the domain name, rising ID purchase fees, and confusion in management. Solutions like ENS only support one chain, lacking cross-chain capabilities, further highlighting the role of OneID in unifying and simplifying the Web3 experience.
How does OneID operate to ensure security and optimize the multichain experience?
OneID operates based on two core components: SDK and Contract, supporting developers to quickly integrate with dApps, while providing users the ability to transact and verify through a unique ID name instead of complex wallet addresses.
OneID provides a seamless login experience across all blockchains with just one unique ID, something the Web3 community has long awaited.
Nguyễn Thế Vinh, CEO Ninety Eight, December 2023, TinTucBitcoin
OneID provides Multichain ID (MID) that allows sending, receiving coins, and transacting across multiple blockchains without worrying about chain structure. Businesses and developers can choose between two SDK sets:
Inspect SDK: Integrate a shared ID across more than 70 blockchains, supporting quick wallet linking.
Core SDK: Register OneID directly on their own dApp, share revenue when integrated for end-users.
Notably, OneID supports the transfer of identity in the form of VRC-725 standard NFTs and eliminates the need for VIC tokens to pay gas fees, making all identity retrieval operations seamless, convenient, and maximally secure.
What highlights help OneID stand out compared to current Web3 identity platforms?
OneID stands out due to its unique identity model for all blockchains, strong integration capabilities, decentralized ownership mechanism, and transparent, cost-saving fee policy for users.
OneID stands out thanks to its unique identity model used for all blockchains, strong integration capabilities, and completely decentralized ownership mechanism for users.
Nguyễn Thế Vinh, CEO Ninety Eight, December 2023, TinTucBitcoin
One ID for all blockchains: Convenient identity management, no need for multiple links.
Self-sovereign identity: Not controlled by any third party, fully secure on the blockchain.
Flexible integration: Compatible with all wallets, dApps, automatically expanding when new blockchains are launched.
Diverse ID options: Suffixes .c98, .bitcoin, .hodl, .wagmi serve personalization needs.
One-time fee: Buy once, use forever, saving costs.
Powerful SDK & API: Easily supports developers in building identity solutions for projects.
Zero Gas: Users do not need to hold VIC coins to pay gas fees on OneID.
As a result, all transactions, receiving tokens, or using dApps only require one confirmed unique identity, making the transaction experience seamless, secure, and time-saving.
What types of IDs are currently being applied on OneID?
OneID classifies ID names into four groups: Regular, Protected, Governed, Premium, each meeting different needs and purposes with distinct fees and conditions.
ID Type Characteristics Fee Regular Individual Easy registration, no high requirements Low fee Protected Brand, project Name protection, priority for organizations Higher fee than Regular Governed Sensitive/violating names Not open for public registration Not applicable Premium Individual, organization Beautiful, popular, special name High fee (500 USD)
This classification helps ensure the ID registration process is transparent, aligned with public and business needs, while preventing the hijacking of sensitive names or policy violations.
How can the status of ID on OneID change?
Each ID name on OneID goes through the following states: Available, Registered, Grace Period, Premium Period, corresponding to different rights and obligations.
Available: Open for everyone to register.
Registered: Only the owner uses it, automatically switches to Grace Period when it expires.
Grace Period: 30 days for the ID owner to re-register, no profile edits, otherwise ownership will be lost if not renewed.
Premium Period: After the grace period, anyone can buy it back with the Premium fee.
Clear status helps users actively manage, renew, and transfer IDs, while protecting their rights when using them long-term.
How does OneID determine fee levels?
OneID applies three fee levels: a base fee based on the number of characters in the ID name, a fixed service fee of 1 USD, and a Premium fee of 500 USD for special or highly sought-after names.
Base fee: Changes according to the number of ID characters.
Service fee: Fixed fee of 1 USD for all ID registration cases.
Premium fee: 500 USD applicable to IDs of special status.
Transparent fee policies help users easily estimate costs while encouraging the registration of common ID names at reasonable fees.
What benefits does OneID provide for users and developers?
OneID helps users save time, costs, and reduce security risks with a unique identity for all blockchains, while opening up integration and revenue-sharing opportunities for dApp developers.
Integrating OneID helps dApps easily expand to multiple blockchains, while enhancing the user experience through a simple, secure, and transparent verification process.
Web3 Report 2023, TinTucBitcoin
Developers can use OneID's powerful SDK and API to quickly integrate, while benefiting from a revenue-sharing model when users register IDs directly on their dApp.
Compare OneID with other popular Web3 identity solutions
OneID stands out compared to solutions like ENS (Ethereum Name Service) thanks to its multichain capability, one-time fee, easy transfer via NFT, and strong integration with the Web3 ecosystem.
Criteria OneID ENS Unstoppable Domains Multichain capability Over 70 blockchains Only Ethereum Over 10 blockchains Registration fee One-time, fixed service fee Annual fee One-time Transfer NFT VRC-725, flexible NFT ERC-721 NFT ERC-721 dApp integration Powerful SDK & API, multichain Mainly on Ethereum More restricted Zero Gas Yes No No
The comparison table shows OneID excels in multichain capabilities, fee policies, transferability, and integration, aligning with modern Web3 development trends.
How does OneID apply in practice in the Web3 ecosystem?
OneID has been integrated into many dApps, multichain wallets, and trading platforms, helping users only need one unique identity to access, transact, and verify across the entire blockchain ecosystem.
Using OneID helps minimize security risks, eliminates the need to remember multiple wallet addresses, and speeds up transactions and verifications on Web3 platforms.
Web3 Report 2023, TinTucBitcoin
In fact, many projects have reported a 15-20% increase in user conversion rates after integrating OneID, while also reducing the number of support requests related to forgotten domain names or lost account access.
Frequently asked questions
How to register a new ID name on OneID?
Users just need to log in to their wallet, check the ID name status, choose an appropriate name, and complete the payment directly on the OneID platform.
Does OneID support transferring IDs to others?
Yes, IDs on OneID are VRC-725 standard NFTs, so users can flexibly transfer them to others via the Viction blockchain.
When are Premium fees and service fees applied?
Premium fees apply to special/highly sought-after names, while service fees are 1 USD applicable to all ID registration cases.
Is there anything to note about identity security when using OneID?
OneID is a decentralized blockchain application, so only the owner has control over their identity, without relying on any third parties.
How to integrate OneID into my dApp?
Developers can use the SDK and API provided by OneID, easily integrating across all 70 supported blockchains.
Does OneID support personalized ID suffixes?
Yes, OneID offers several suffixes like .c98, .bitcoin, .crypto, .wagmi, .hodl for users to personalize their identity according to preferences.
Does OneID require holding VIC coins to pay gas fees?
No, OneID applies a Zero Gas policy, users do not need to hold VIC coins to perform actions on the platform.
Source: https://tintucbitcoin.com/oneid-la-gi/
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