$ 0.0121 USD
$ 0.0121 USD
$ 905,830 0.00 USD
$ 905,830 USD
$ 362.31 USD
$ 362.31 USD
$ 53,775 USD
$ 53,775 USD
69.554 million IDNA
Issue Time
2000-01-01
Platform pertained to
--
Current price
$0.0121USD
Market Cap
$905,830USD
Volume of Transaction
24h
$362.31USD
Circulating supply
69.554mIDNA
Volume of Transaction
7d
$53,775USD
Change
24h
0.00%
Number of Markets
20
More
Warehouse
None
Github's IP Address
[Copy]
Codebase Size
0
Last Updated Time
2019-12-21 14:34:42
Language Involved
--
Agreement
--
Current Rate0
0.00USD
3H
0.00%
1D
0.00%
1W
0.00%
1M
+6.41%
1Y
-34.74%
All
-89.08%
Idena is a unique blockchain protocol that utilizes a novel consensus mechanism known as Proof of Personhood (PoP). This method ensures that each user on the network is a verified human, granting them equal voting power and the ability to participate in mining activities without the need for significant computational resources. Unlike traditional consensus mechanisms that rely on Proof of Work or Proof of Stake, Idena's approach aims to democratize participation and prevent Sybil attacks by requiring users to pass periodic validation events called “flips.”
The Idena network uses its native cryptocurrency, DNA, to reward participants for their contributions to network security and governance. This setup promotes a more equitable distribution of power and rewards across the network, making it resistant to centralization. Idena's innovative model addresses key issues in blockchain technology such as scalability and inclusivity, offering a sustainable and user-friendly platform for decentralized applications.
12 ratings