Idena IDNA Price

Unveiling Idena (IDNA): A Proof-of-Person Blockchain Revolution

In the rapidly evolving world of blockchain technology, Idena (IDNA) has emerged as a groundbreaking project, redefining decentralization through its unique Proof-of-Person (PoP) consensus mechanism. Founded by Andrew Edi in 2018 and live since 2019, Idena aims to create a decentralized network where every participant is a unique individual with equal voting power.

Decentralization at its Core

Idena distinguishes itself as the first proof-of-person blockchain, ensuring that each node is associated with a cryptoidentity, representing one person with equal influence in the network. This design fosters a highly decentralized ecosystem, with security bolstered by a diverse range of validators. To become part of the network, users need not disclose any personal information, eliminating the need for Know Your Customer (KYC) procedures.

Mining for Everyone

Unlike traditional blockchain mining that often requires expensive hardware or significant stake, Idena adopts a democratic approach. Mining on the Idena network only requires an average laptop and a unique human verification process. Participants must appear online during validation ceremonies, solving a series of flip-tests (CAPTCHAs) to prove their humanity.

Solving the Oracle Problem

Idena's protocol addresses the blockchain oracle problem by enabling its independent mining nodes to act as oracles across various blockchains. The network's compatibility with Ethereum opens doors for diverse applications, and Idena accounts are seamlessly integrated into Ethereum's ecosystem.

Joining the Idena Network

To utilize Idena for messaging and fund transfers, users can download the app. Creating a cryptoidentity involves receiving an invitation code from a validated participant and using it to apply for validation. This process ensures the humanness and uniqueness of participants, laying the foundation for a robust Proof-of-Person consensus.

Security and Scalability

Idena places a strong emphasis on security and decentralization. Validators operate on a 1-person-1-vote consensus, ensuring a minimum stake threshold for eligibility. The network's scalability is achieved through an increased number of independent validators and a sharded network, enabling parallel processing of transactions.

Identity Contracts and AI-Resistance: Idena takes a step further by natively integrating identity primitives into smart contracts. This allows for identity staking with any IRC20 token, facilitating airdrops and the creation of DAOs resistant to plutocracy. The network's AI-resistant FLIP-tests not only make the system more secure but also contribute to training a friendly AI, creating an innovative symbiosis.

As Idena continues to evolve, it presents a promising avenue for individuals seeking a decentralized blockchain experience without compromising privacy or security. With its innovative approach to identity validation and consensus, Idena stands out as a pioneer in reshaping the landscape of blockchain technology.

What is unique about Idena (IDNA)?

Idena (IDNA) stands out as the first proof-of-person blockchain, ensuring every node is linked to a cryptoidentity, granting equal voting power to each unique individual without the need for personal data disclosure.

Who are the founders of Idena (IDNA)?

Idena (IDNA) was founded by Andrew Edi in 2018, spearheading the development of a blockchain that pioneers the Proof-of-Person consensus mechanism.

Where can I buy Idena (IDNA)?

You can buy Idena (IDNA) on PancakeSwap (v2) cryptocurrency exchanges.