Litentry (LIT) enables user identities to be connected across different networks. This Decentralized Identity Aggregator provides a secure way for users to manage their identities, while also allowing Dapps to access real-time Decentralized Identity (DID) of identity owners across multiple blockchains. According to its whitepaper, Litentry aims to become the Parachain of the Polkadot Network. A Parachain is a globally rational data structure that is application-specific and validated by the relay chain validators.

Litentry (LIT) allows users to connect their identities across multiple networks. Unlike traditional identities that involve centralized control, Litentry uses decentralized generation techniques to create identities that can be managed securely across different blockchains. The goal of Litentry is to become the Parachain of the Polkadot Network, which is a globally rational data structure that is application-specific and validated by the relay chain validators. By indexing data across blockchains, Litentry simplifies data management and allows users to leverage their identities according to their preferences without the need for account registration or new registry methods. This technology has the potential to revolutionize how we approach identity management and could potentially fix many of the issues associated with isolated ID registry systems.

The Litentry platform has its own native token called LIT, which is used to compensate validators for their efforts. The token also serves as a reward for validators and is required as a stake for the identity registrar to make decentralized judgments for users. Additionally, Litentry allows for the use of LIT tokens as a deposit currency for DeFi lending services with combined identity verification. If a user's credit score improves, their required deposit amount may decrease.

Litmus is a canary network that works alongside Litentry and is connected to the Kusama ecosystem as a parachain. It is designed to be highly advanced and fast-paced, providing a perfect testing ground for new products and ideas before they are implemented on the Litentry parachain.