ByteTrade is developing a decentralized operating system, Terminus OS, that utilizes personal edge nodes and decentralized identifiers (DIDs) to enable users to maintain ownership of their data without reliance on centralized entities. This infrastructure addresses the lack of user control over personal data in the Web3 ecosystem by providing secure storage, private key access, and direct communication capabilities across multiple blockchains.
Funding
$50M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In the current Web3 landscape, users lack control over their personal data, relying on centralized entities for storage and communication across multiple blockchains. This creates vulnerabilities regarding data security, privacy, and ownership.
Solution
ByteTrade is developing Terminus OS, a decentralized operating system designed to return data ownership to users. Terminus OS leverages personal edge nodes and decentralized identifiers (DIDs) to provide secure storage, private key access, and direct communication capabilities across various blockchains. The system allows users to self-generate and solely own their DIDs, eliminating the need for centralized party involvement. Personal private data can be cached and saved in the node, holding user's verifiable credentials to interact with real-life applications and dApps.
Target Audience
The primary target audience includes Web3 users seeking greater control over their personal data, as well as developers building decentralized applications that require secure and private data management.
Features
- Personal Decentralized Identifiers (DIDs) for individuals, groups, DAOs, and entities.
- Self-generated DIDs owned solely by the user, eliminating reliance on centralized parties.
- Personal storage hub accessible only with a private key.
- Edge computing kernel for running applications requiring high computational power in a decentralized manner.
- Support for multiple blockchains, acting as a multi-chain portal.
- Open protocol allowing attestation through blockchain-based DIDs.
- Peer-to-peer instant messaging capabilities.