The Blockcrunch Podcast cover image

How AI Will Change Web 3 Forever - Cem & Fran, Giza, Ep. 242

The Blockcrunch Podcast

00:00

Proof of Humanity in Cryptocurrency

Proof of humanity is a way to authenticate that a certain on-chain identity belongs to a single person. It can be used for many different use cases but the one that is kind of, I would say being most applied to is UBI systems. If there is no check in terms of who can subscribe to this, then you can actually farm this welfare system by generating infinite amount of bots and basically crashing and hyperinflating the token towards the rightful users. So that's where proof of humanity is extremely crucial.

Play episode from 22:33
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app