500k Identities: Internet Identity Leads 2024

As 2024 draws to a close, the Internet Computer Protocol (ICP) has much to celebrate, with Internet Identity (II) taking centre stage. This year alone saw the creation of over 500,000 Internet Identities, allowing users worldwide to enjoy secure, passwordless access. Developers and users alike have embraced II for its seamless integration of WebAuthn-based cryptography, enabling logins through biometrics and security keys. The result? Authentication that is not only effortless but also highly secure.

ICP’s infrastructure proved its mettle by handling 11,500 transactions per second, ensuring that II remained fast and scalable even as adoption soared. Setting up Internet Identity became simpler than ever, with users lauding its straightforward, password-free process. By the year’s end, over 4 million smart contracts—or canisters—supported II authentication, a testament to its widespread acceptance across the ecosystem.

For developers, II has been a game-changer. Its privacy-first design, featuring unique pseudonymous IDs for each application, allowed them to build apps that prioritised user security and anonymity. More than 1,000 apps launched with II-backed authentication in 2024, spanning industries like decentralised finance, gaming, and social networking. Privacy was a defining theme, as II’s cryptographic ID segregation safeguarded users across all dapps.

ICP’s underlying Chain Key Technology played a crucial role, executing billions of operations to keep II secure and scalable. With 200+ live dapps leveraging II, the Internet Computer is charting a course towards a decentralised internet that is both secure and user-friendly.

As 2025 approaches, the momentum behind Internet Identity shows no signs of slowing. More innovative applications are on the horizon, promising to push the boundaries of what decentralised authentication can achieve. Internet Identity has not just revolutionised logins; it has redefined the expectations of privacy, security, and convenience in the digital age.

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Maria Irene
Maria Irenehttp://ledgerlife.io/
Maria Irene is a multi-faceted journalist with a focus on various domains including Cryptocurrency, NFTs, Real Estate, Energy, and Macroeconomics. With over a year of experience, she has produced an array of video content, news stories, and in-depth analyses. Her journalistic endeavours also involve a detailed exploration of the Australia-India partnership, pinpointing avenues for mutual collaboration. In addition to her work in journalism, Maria crafts easily digestible financial content for a specialised platform, demystifying complex economic theories for the layperson. She holds a strong belief that journalism should go beyond mere reporting; it should instigate meaningful discussions and effect change by spotlighting vital global issues. Committed to enriching public discourse, Maria aims to keep her audience not just well-informed, but also actively engaged across various platforms, encouraging them to partake in crucial global conversations.

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