Veres One Description
Veres One provides a cost-effective, secure and privacy-preserving way to manage and control your online identity. Ledgers allow us to reduce the cost of identifier management through a shared infrastructure. Veres One has been optimized for identity to further reduce costs. As a result of this, the network's operating costs and fees are only a fraction of what they would be for general-purpose ledgers such as Bitcoin and Ethereum. Veres One, unlike many other networks does not use a network token that is scarce. This eliminates the price volatility and regulatory risk associated with token networks. Veres One charges low and stable fees, which decrease as the network grows. Distributed systems allow competitors to collaborate on a common infrastructure. These systems are resistant to centralization, surveillance and censorship which pose a threat to identity. Veres One uses decentralized technology and governance in order to protect your identifiers.
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