Data Ownership Protocol Airdrop confirmed
Data Ownership Protocol aims to redefine paradigms by enabling user-owned data, empowering users to selectively disclose their on-chain activities. Leveraging zk-SNARKs and ECDSA, they empower users to precisely curate the information they wish to share regarding their asset holdings and transactions, all while maintaining seamless interoperability with the Ethereum dApps and liquidity.
Data Ownership Protocol has launched a testnet and has confirmed to do an airdrop to the testnet participants. Sign up, create your DOP wallet and complete the testnet steps to be eligible for the airdrop. Also, refer your friends and get 20% of their reward.
The Data Ownership Protocol team is building a compelling alternative to existing solutions that offer full transparency by default. By embracing zero-knowledge cryptography, we enable anyone to keep information about their financial affairs private — whether it’s their ETH balance, the NFTs they own, or the transactions they make.
The concept of “selective transparency” is an exciting and empowering one. After years of data being mismanaged, exploited and monetized without our consent, DOP is returning control to individuals. Here are five reasons why this has never been more important.
1. Protection from malicious actors
Across major blockchains like Bitcoin and Ethereum, account balances are on show for everyone to see. And if you have substantial holdings in a cryptocurrency, this can make you a sitting target for hackers and cybercriminals determined to steal funds.
Through DOP, users can restrict the amount of information that’s publicly available. Instead of revealing the value of investments, you can simply display the icons of each token in your portfolio. Alternatively, those looking to establish credibility can confirm their holdings exceed a certain threshold — such as 1 ETH.
This also extends to NFTs, where a compelling use case emerges. While it can be fun to show off blue-chip collectibles to the world, this can put you at a higher risk of theft. Back in May 2022, the actor Seth Green lost a Bored Ape in a phishing attack. Using DOP to conceal non-fungible tokens can prevent you from being targeted by scammers in the first place.
2. Keeping your transactions truly private
How would you feel if every cash transaction you made was visible to all — with the amount and the recipient broadcast to everyone? Our blockchain activities should be equally confidential. While your wallet address may appear to be a long string of numbers and letters, it’s surprisingly easy for on-chain sleuths to connect the dots and build a picture of who you are — especially when combined with the fiat on-ramps and off-ramps you use.
Privacy is becoming even more of a hot-button topic with the arrival of central bank digital currencies. Critics of CBDCs argue that they could be used to control the purchases we make — and examples include restricting the number of flights we take a year, how much meat we can buy, or blocking alcohol sales after 1am. China has confirmed its digital yuan also offers “controllable anonymity,” all but confirming that transactions are being surveilled.
But there are compelling reasons why you may want to fully anonymize your transactions — and that’s why DOP is here. Whether you’re in an economically unstable country, buying medicines, making politically sensitive donations or hoping to keep business payments confidential, our protocol is designed to ensure you are in control and can choose who you’re sharing your data with.
3. Supercharging Ethereum dApps and third-party wallets
An all-or-nothing approach to transparency leaves everyday users exposed when they’re using Ethereum dApps and third-party wallets — hampering adoption. Because our protocol is built on top of the Ethereum blockchain, we will offer full compatibility with the vibrant ecosystem of NFT marketplaces, decentralized exchanges and liquidity pools that already exist. With DOP, you will benefit from an added layer of selective disclosure whenever you interact with them.
Existing privacy solutions can have major downsides — including low liquidity. Many of these solutions are also siloed from the rest of the industry, meaning users have to rely on poorly built dApps with complicated interfaces. DOP delivers much-needed familiarity because users can continue to use their favorite third-party wallets. Better still, we will also give talented developers an opportunity to build brand-new dApps using our infrastructure, meaning privacy will be guaranteed from the get go.
4. Data leaks are way too common
When it comes to demanding privacy, there’s often a misconception that this is because someone has things to hide. But the opposite is true — and privacy is something we’re all entitled to.
Privacy helps ensure that our data isn’t misappropriated without our consent, and used by tech giants for monetary gain. But it can also shield us from devastating leaks where personal information enters the public domain, putting our security at risk.
There are too many incidents within the crypto space to mention. Back in 2020, the phone numbers and home addresses of thousands of Ledger customers were dumped online by a hacker — details that could be used for phishing scams. And when Celsius Network went bust in 2022, sensitive financial information about 600,000 users was made public by a court — including their deposits and withdrawals.
Too often, innocent consumers have had their trust betrayed because of leaks. Through DOP, they will be able to make sure data remains under their control at all times, reducing the risk of it ending up in the wrong hands and causing serious harm. We use zero-knowledge proofs so users can verify their information without revealing their true identity — and these Know Your Customer checks also help prevent criminals from using the protocol.
5. Blockchain technology needs to be simpler
Far too often, protocols are too complicated for everyday users. It can sometimes feel like you need a PhD in cryptography to understand them. But here at DOP, we believe that unrivaled privacy shouldn’t be at the expense of a simple and intuitive experience. We’re lowering barriers to entry by offering integrations with the wallets and dApps people already rely on.
For mass adoption to be realized, friction in the space needs to be massively reduced. Consumers should be able to interact with blockchain technology without even noticing, and have full personalization with how their on-chain activities are recorded.
As Web3 and the metaverse begin to play a bigger role in our lives, and onboard millions more people, the management and ownership of data will become an ever more pressing issue. Our forward-thinking protocol is meeting the moment, as you’re the only one who should have the right and responsibility to manage your digital footprint.image
Step-by-Step Guide:
- Visit the https://doptest.dop.org?id=apGDp5w
- Submit your email and click on “Continue”.
- Now click on “Create wallet” and create a DOP wallet.
- Submit a password and then save your recovery phrase.
- Now log in with your password and connect your Metamask wallet.
- Connect your Twitter account and follow them on Twitter.
- Now claim Sepolia ETH, claim testnet DOP tokens and claim testnet tokens.
- Now, encrypt some tokens, send the encrypted tokens and also decrypt some tokens.
- By now, you would’ve finished all seven steps.
- After completing all the steps, you will get a referral link and can refer your friends to get 20% of their rewards.
- Participants who complete all steps will receive DOP rewards once the token launches in Q1 2024