When the digital world encounters an identification crisis, the rise of a controversial project

In the cryptocurrency market, a project called Humanity Protocol is causing a stir. Its token $H skyrocketed by 95.2% within 24 hours, triggering a frenzied reaction in the market. However, behind this project, dubbed a "shitcoin," lies a story more complex than a mere wealth myth.

The emergence of the Humanity Protocol stems from an increasingly urgent issue of our time: in an era where artificial intelligence continues to blur the boundaries between humans and machines, how do we prove "I am a human"? The goal of this project is to build a global foundational "trust layer" or "human layer" aimed at bringing the first billion humans into the Web3 world.

To achieve this ambitious goal, the project has designed a unique technical solution:

1. Using palm print recognition as a "humanity proof" is more easily accepted by the public compared to some competitors' solutions.
2. Use zero-knowledge proof technology to protect user privacy.
3. Built on a certain Ethereum-compatible Layer 2 network to ensure future scalability.

However, during the project's first token distribution, a catastrophic event exposed its fatal weakness. The founder admitted that a considerable portion of the previously claimed 9 million "human IDs" were actually bots, and the number of real and valid users was far lower than expected. This information triggered a trust crisis in the community, leading to a sharp decline in token prices.

The story of Humanity Protocol reflects the many challenges faced by Web3 experiments: how decentralized technology reshapes social infrastructure, how to address issues such as governance chaos and misaligned incentives, and how to coordinate with the rules of the real world.

The project is backed by top venture capital and collaborates with several strategic partners, including a genomics company. These partnerships showcase the project's cross-domain ambitions, but also raise more ethical and regulatory concerns.

Each price fluctuation of the Humanity Protocol reflects the market's attitude towards this grand experiment. Supporting or participating in this project is not just an investment decision, but also a statement on the future paradigm of identification.

Regardless of whether the Humanity Protocol ultimately succeeds or fails, it will play an important role in this grand drama about the future of digital identification. The development trajectory of this project will show us how to balance the needs of privacy protection and identification during the pursuit of technological solutions.