Idena

Idena (IDNA) describes itself as the first-ever proof-of-person blockchain founded on democratic principles. Each mining node is connected to a crypto identity—one person with similar voting authority and mining revenue.

To commence mining, users need to verify they are unique humans. It does not demand the revelation of any confidential data (no KYC). Users are required to occur online when the validation ceremony begins and solve a flip-test sequence (CAPTCHAs).

Blockchain trades can be costly. But Idena authorizes anyone to mine cryptocurrency and expend it utilizing smart contracts. Idena executes a proof-of-person Sybil managing mechanism and BFT consensus based on the community with fast finality. Each block mined by the Idena validators is absolute with almost 100% possibility, meaning blockchain forks are nearly impossible. Traders must wait for two blocks to confirm that the transaction will not return. The Idena blockchain is operated by an eco-friendly consensus of proof-of-person. The Idena miner requires a valid crypto identity and holds their node online for verifying transactions. Mining revenue does not rely on miners' hardware. It doesn't need to utilize high electricity volumes, mining rigs, or GPUs.

iDNA token is native to the platform. The Idena core team grows such an ecosystem where the fundamental demand operates the Idena coin market value for its utility. Advertisers purchase iDNA and burn the coins to contend for network attention. Burning both minted and preminted coins results in the sustainable economics of the platform. The Idena platform created the zero wallet for funding impact projects suggested by the Idena community. It collects 1% of the total minted coins.

In the first quarter of 2020, Idena accomplished improvements for peer-to-peer protocols. Later in the third and fourth quarters of the same year, the platform got listed on various exchange platforms.