IDNA meaning in Cryptocurrency ?

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Answer:

Idena is a novel way to formalise people on the blockchain without personally identifiable information. Idena proves the humanness and uniqueness of its participants by running an AI-resistant test at the same time for everyone around the globe. The Idena blockchain is driven by Proof-of-Person (PoP) consensus. Every node is linked to a cryptoidentity — one single person with equal voting power. Idena is the first proof-of-person blockchain where every node belongs to a certain individual and has equal voting power. Idena's network of validated people solves the blockchain oracle problem: It's independent mining nodes can act as oracles.

How to join Idena network? To use Idena for sending messages and funds, you just need to download the app. To create a cryptoidentity, you should receive an invitation code from a validated participant of the network and use the code to apply for validation.

How to Mine Idena? Idena enables democratic access to mining: Neither expensive mining hardware nor a bunch of money for stake is needed, but rather an average laptop that is online.

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Posted on 03 Dec 2024, this text provides information on Miscellaneous in Cryptocurrency related to Cryptocurrency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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Miscellaneous in Cryptocurrency
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Miscellaneous in Cryptocurrency


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