Lit Protocol: Abbreviated Introduction
Lit Protocol is a decentralized Key Management Network that powers encryption, access control, and automation for web3 applications.
Lit Protocol’s main feature is a decentralized access control protocol compatible with most EVM chains, Cosmos and Solana. With Lit, users can harness on-chain access control conditions to:
- Encrypt and lock static content (images, videos, and music) behind an on-chain condition (for example, ownership of an NFT).
- Decrypt static content that was locked behind an on-chain condition.
- Authorize network signatures that provide access to dynamic content (for example, a server or network resource) behind an on-chain condition.
- Request a network-signed JSON Web Token (JWT) that provisions access and authorization to dynamic content behind an on-chain condition.
Lit Protocol is a blockchain-agnostic middleware layer aiming to decentralize public key cryptography. It provides reading and writing capabilities that enable communication between blockchains and off-chain systems.
The Lit Protocol team has a strong engineering, research, and technology record. Their headquarters are based in San Francisco, California. The project achieved a major milestone in 2022 by raising $15.2 million in two funding rounds.
The Lit Protocol has been gaining traction amongst early adopters, with numerous conversations and keynotes about the project being uploaded to YouTube.
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