Lit Protocol
Lit Protocol provides a decentralized network for digital ownership and AI, offering tools for secure transactions, encryption, and cross-chain interoperability without central intermediaries.
Services
Lit Protocol provides a decentralized network designed for digital ownership and AI. It enables builders of apps, wallets, protocols, and AI agents to utilize decentralized signing, encryption, and compute. The company offers a Digital Ownership Cloud, which assists with seamless onboarding, access control, transaction signing, and AI training without involving trusted middlemen. Furthermore, Lit Protocol provides decentralized encryption with flexible access control and security features integrated with popular blockchain tools.
Products
Lit Protocol's primary products include user wallets that integrate with existing authentication methods like social logins and passkeys for secure and easy user management. The protocol also provides claimable wallets pre-generated from human-readable identities such as emails and phone numbers. Additionally, Lit Protocol supports session keys for authorized actions and offers tools for creating token-gated experiences, automated credential issuance, and DeFi automation. Its unique offerings also include native cross-chain swaps and open data marketplaces.
Decentralized Computing and Security
Lit Protocol employs decentralized computing to power applications with serverless signing and compute, supporting cross-chain messaging and privacy-preserving AI. It leverages a secure JavaScript runtime and advanced hardware protection to ensure tamper-proof code execution. The protocol utilizes multi-party computation (MPC) and threshold secret schemes (TSS) to distribute encrypted key shares, ensuring no single party can access the entire key. Additionally, trusted execution environments (TEEs) prevent node operators from accessing key shares or computations, reinforcing security within its network.
Blockchain Integration
Lit Protocol seamlessly integrates with popular blockchain tools like ethers.js and WalletConnect, facilitating easy dapp interactions and signing functionalities. The protocol manages keys capable of interacting across various blockchains, storage networks, and state machines, enhancing interoperability between web2 and web3 ecosystems. This integration supports a range of functionalities such as session keys for authorized actions, identity-based encryption, and decentralized compute, making it a versatile tool for modern dapp development.