did:v1

Veres One DID Method is a permissionless public ledger system designed specifically for managing Decentralized Identifiers (DIDs). Built by Digital Bazaar, it operates without cryptocurrency or tokens, focusing purely on identity management through a leaderless consensus mechanism.

The system enables individuals, organizations, and devices to create and control their own identifiers without relying on centralized authorities. It is optimized for self-sovereign identity operations and integrates with Verifiable Credentials ecosystems.

Key features include:

• Permissionless Architecture - Anyone can create and manage DIDs
• Censorship Resistance through leaderless consensus
• GDPR Compliance by design
• High Performance (~200 transactions/second)
• Non-speculative economic model without cryptocurrency

The method supports two identifier types:

• did:v1:nym - Cryptonym-based identifiers (hash of public key)
• did:v1:uuid - UUID-based identifiers for metadata storage

Technical Architecture:

1. DID Generation:

   • Uses did:v1 method prefix
   • Supports cryptographic and UUID-based identifiers
   • Follows W3C DID Core specification

2. Authentication & Authorization:

   • Implements Ed25519 Signatures for authentication
   • Uses Linked Data Capabilities for authorization
   • Supports multiple key types and delegation

3. Core Components:

   • veresOneOperationsService - Creates/updates DIDs
   • veresOneReadService - Resolves DIDs
   • Continuity consensus algorithm

4. Security Features:

   • Cryptographic Agility for algorithm updates
   • Anti-censorship mechanisms
   • Privacy-preserving design
   • No storage of personal data on-chain

5. Technology Stack:

   • Built on JSON-LD
   • Uses Web Ledger protocol
   • Implements Linked Data Proofs
   • Supports Ed25519 cryptography

The method emphasizes privacy, security, and scalability while maintaining compliance with data protection regulations. Its architecture enables high throughput without compromising decentralization or security principles.