Glossary of terms related to KILT Protocol
This is an overview of the terms we are currently using in relation to the KILT Protocol.
Angel’s Share – the ‘gas’, or transaction fee (in KILT Coins), used for paying transactions or writing the hash value of credentials on the blockchain (amongst others uses to be described in the future).
Attester – an entity that attests claims and issues credentials on the KILT Protocol.
Claimer – an entity that requests attestations for claims and receives credentials on the KILT Protocol.
Claim – a request to have something true attested, eg, proving date of birth, a driving licence, a qualification, a game score, etc.
Collators – collators function as a node by collecting transactions, building blocks of data, and holding the data of the blockchain.
Crowdloan – a voting mechanism on the Kusama or Polkadot network for deciding who gets the next available parachain slot. It allows people to vote for their favourite projects by locking up their own KSM or DOT in support of the project’s parachain lease bid. KILT conducted a crowdloan and secured a Kusama parachain slot in September 2021.
CType (claim type) – a standardised digital credential schema. In everyday language, a CType is a digital form that the claimer fills out, indicating the information that needs to be attested.
Decentralised Identifier (DID) – a digital identifier that uniquely identifies an identity (as, for example, a fingerprint does for a person) in a verifiable, decentralised way. A DID can be used for people, machines, services and anything that identities can be built on.
Digital credential – a digitised proof of an authorised qualification, competence, clearance, or any other attribute of an individual, a company, object, or even AI. Driving licenses, degree certifications, and credit cards are just a few examples of the kind of real-world credentials that could become digitised for use on the internet, many other use cases could be found in the gaming, blockchain and other online spheres in the next generation of the internet.
KILT blockchain – the blockchain behind the KILT Protocol used for anchoring important properties of KILT credentials and for KILT Coins. KILT blockchain is a parachain in the Kusama network.
KILT Coin – the native cryptocurrency token of the KILT blockchain, used for making transactions, staking and voting within the KILT network.
KILT Protocol – a blockchain identity protocol for issuing claim-based verifiable, revocable, and anonymous credentials in Web 3.0, the next generation of the internet. KILT can be used to create identifiers for people, machines, services and anything that identities can be built on as well as any kind of attributes they might have.
Kusama – the blockchain network that KILT is running on as a parachain. Kusama is Polkadot’s canary network.
Limited Delegated Proof of Stake (LDPoS) – a version of Proof-of-Stake consensus used by KILT, where delegators use their KILT Coins to back collators that they trust in the system.
Mashnet – the earliest blockchain for KILT Protocol, designed for testing and experimentation, with a faucet generating Mash Coins to also test coin functionalities. Mashnet and Mash Coins will be discontinued soon after KILT mainnet launch.
Parachains – sovereign blockchains running in parallel within the Kusama and Polkadot networks. KILT launched as a parachain on the Kusama network in September 2021.
Parathread – a blockchain running on the Kusama and Polkadot networks like a parachain, but on a pay-as-you-go basis rather than a longer-term lease.
Parity Technologies – the company that develops the Substrate blockchain framework that KILT is built on.
Peregrine – the latest version of the KILT blockchain, designed for developing the new cutting-edge features around credentials and Decentralized Identifiers (DIDs).
Polkadot – a next-generation blockchain protocol that is designed to support multiple specialized blockchains with security and interoperability services.
Protocol – a set of rules and procedures for transmitting data between electronic devices like computers.
SocialKYC – a decentralised identity verification service built on KILT Protocol for regaining control over your digital credentials and identity. SocialKYC will allow users to manage, store and present their personal KILT credentials, giving them sovereignty of their data and enabling them to select which elements of their private information are accessed by online services. Social KYC was developed by B.T.E. BOTLabs Trusted Entity GmbH.
Spiritnet – the blockchain mainnet of the KILT Protocol running as a parachain on the Kusama network.
Sporran – a browser extension and mobile wallet that can be used to store KILT credentials and KILT Coins. Scottish Gaelic for ‘purse’ that is worn in front of a man’s kilt. Sporran was developed by B.T.E. BOTLabs Trusted Entity GmbH.
Substrate – a blockchain-building framework developed by Parity Technologies. Kusama, Polkadot and the KILT blockchains are built on Substrate.
Verifier – an entity that verifies the validity of a claimer’s credentials on the KILT Blockchain.
Web 3.0 – The next generation of the web. This aims to be a decentralised and fair internet where users control their own data, identity and destiny. (Also known as Web 3, or Web3.)