The Idena Network-An Overview

By Blindworld | Blindworld | 13 Oct 2020


IDENA is proof of person blockchain. The Idena network uses a different method to establish its node. As of today, there are 4535 active nodes, each node is considered as an individual person. In Idena each individual receives an equal amount of voting power, this is the greatest extent of Decentralization that can be achieved.

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Why is Idena unique?

The network uses an established and different approach for validating nodes, unlike similar projects it does not require data or authorizations such as KYC.

They conduct an AI test for evaluation, in this evaluation the humaneness and uniqueness of the subject are confirmed.

How will be the Validation?

The validation will be done universally at a specific time. It will be a test that will ask you to solve flips, these flips are not to check your IQ. You can put some commonsense into work and find the answers. The process will be easier for humans and tougher for Bots. These flips are decrypted synchronously across the globe and after the validation process, The network will reach on consensus on a few matters such as the new participants, time of next validation, etc. As the network grows bigger and bigger the frequency of these validations will go down.

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MINING WILL NEVER BE THIS EASY

Every validated user has access to mining, you don't need sophisticated computers or expensive mining hardware. You just need an average laptop and a stable internet connection.

THE FOLLOWING ARE THE USE CASES THAT CAN BE FACILITATED  BY THE IDENA NETWORK

  • Fair voting chance in online communities
  • Oraacles- Every Idena user reserves an equal chance to be selected as an Oracle
  • Direct marketing and value airdrops
  • Serverless messenger and in chat payments
  • free speech publishing
  • Universal Basic Income

 

If you are a validated user of the Idena network you will be rewarded with the option for minting. This can be a sufficient income to pay your bills for network services, Internet, and electricity.

 

If you are still confused these are the few reasons why you should choose Idena 

  • Idena creates an anonymous and unique crypto identity that can be used anywhere from the globe. You are not asked for any data or documents and your account is validated because it belongs to a single living person- Proof of Person blockchain.
  • It can be considered as a Democratic system or network since each validated user receives equal voting power.
  • Idena aims at creating a Decentralized web, no personal data will be required to access any service and the user will have full control over his data.
  • It offers a universal Basic Income, Your participation or interaction with the network is rewarded.
  • It offers the freedom to publish and spread views, making it censorship-resistant.

 

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OFFICIAL WEBSITE

https://www.idena.io/

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Blindworld
Blindworld

The world is full of surprises and i am the one trying to explore them. I am a student and i will always be a student


Blindworld
Blindworld

The world is full of surprises, try to stay ahead of them with me

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