OpenRank Protocol: Karma3 Labs’ Reputation Stack

13 August 2024•

Infographic on OpenRank Protocol by Karma3 Labs, detailing their reputation stack components.

By Lucidity Insights Research Team

The vision crystallized with the development of the OpenRank protocol, utilizing the EigenTrust algorithm—originally developed to combat malicious nodes in peer-to-peer filesharing networks—to compute trust in decentralized networks. Adapted to the modern Web3 environment, OpenRank provides a robust framework for verifying and quantifying trust among users, applications, and services, integrating blockchain’s inherent transparency and security with peer-to-peer attestations.

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Lucidity Insights Research Team

We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.

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