• The KILT Team announced it had reached the last step in decentralization.
• KILT was transformed into a decentralized, fully-decentralized blockchain network in November 2011.

KILT is an open-source protocol that uses blockchain technology to issue self-sovereign and anonymous credentials. It became a completely decentralized network of blockchains on November 11.

In a press statement, the KILT group announced it had reached the final stage of decentralization. BOTLabs GmbH was the company behind KILT Protocol. The Sudo Key was taken out and the community took over the management of the KILT eco-system. The company gave the decision-making power to the community.

KILT Coin holders can take control of the system and suggest changes to the network.

Driving deeper, the firm notes that the first proposal in front of KILT community governance would not only allow tokens to be transferred (TTE) but also allow the distribution of the “thank you” KILT Coins to the crowdloan supporters. The proposal will be up for a vote on November 12th, for KILT Coin owners to select from in the next 7 days.

Team members also highlighted that proposal are instantly achieved on KILT-chain by system after one day of enactment. Crowdloan supporters can receive their KILT Coins in two weeks.

KILT was launched in 2018 and aims to give control of personal data back to its owner. This will restore privacy, as well as enabling new, industry-agnostic business models about identity.

Notice that KILT was granted a Parachain Slot on Kusama’s network. It launched live on September 8th, 2021.

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