Identity in Ethereum
Accounts on the Ethereum blockchain can be seen as DIDs. This is because any number of accounts can be generated by anyone without requiring any permission and storing them on a centralized server. While they are not a DID and don’t have any VCs associated with it, due to their permissionless nature they can be considered DIDs. As an analogy to DIDs and the SSI ecosystem we discussed earlier, an Ethereum account has a private key and a public key. The public key can be seen as the identity of the controller, whereas the private key is used to sign messages. The Ethereum blockchain can serve as a VDR that can store DIDs. Any VCs issued to the DID can be verified on a chain by validating the issuer’s DID that is stored on the Ethereum blockchain. It can be a smart contract where all DIDs are stored.
DIDs are issued, held, and controlled by individuals. An Ethereum account is an example of a DIDs. You can create as many accounts as you want without...
