Idena is a unique, peer-to-peer cryptocurrency that operates as a decentralised Proof-of-Person blockchain. Launched in 2020, Idena distinguishes itself by focusing on individual identity verification through the participation in regular 'validation ceremonies,' where users prove their humanness and uniqueness without revealing any personal information. This innovative approach enables a Sybil-resistant network, fostering a democratic distribution of coins that does not rely on conventional hardware-intense mining. Idena tokens, or iDNA, serve both as the native currency and as a reputation metric, ensuring the integrity and longevity of verified identities. By curbing traditional centralisation issues, Idena offers an egalitarian ecosystem where each active participant has equal opportunity for contribution and reward, fostering a community-centric approach to blockchain technology.
Idena is a unique, peer-to-peer cryptocurrency that operates as a decentralised Proof-of-Person blockchain. Launched in 2020, Idena distinguishes itself by focusing on individual identity verification through the participation in regular 'validation ceremonies,' where users prove their humanness and uniqueness without revealing any personal information. This innovative approach enables a Sybil-resistant network, fostering a democratic distribution of coins that does not rely on conventional hardware-intense mining. Idena tokens, or iDNA, serve both as the native currency and as a reputation metric, ensuring the integrity and longevity of verified identities. By curbing traditional centralisation issues, Idena offers an egalitarian ecosystem where each active participant has equal opportunity for contribution and reward, fostering a community-centric approach to blockchain technology.