/biz/ - Business & Finance

How do you ensure that the network does not have duplicate users?
The uniqueness of participants is proven by the fact that they must solve and provide the answers for flip-puzzles synchronously. A single person is not able to validate herself multiple times because of the very limited timeframe for the submission of the answers.

The validation status of a participant is not forever. It expires when the next epoch starts. Participants should prolong their validation status for every new epoch.

How do I start using Idena?
Download and install the Idena Node and Idena Client executable files or build them from source.
Subscribe to the Idena Announcements Telegram channel to follow updates.
To get an invitation to the Idena network, join the official Idena Telegram chat and follow instructions in the pinned message.
Make sure your node is synchronized, and activate the invitation code. Check your identity status; it should be "Candidate."
Check the next validation time. The node must be synchronized before the session starts.
Learn how to solve flips: read the article in our blog and test yourself.
Solve the flips during the validation time. Be agile. The first 6 flips must be submitted in less than 2 minutes.
Once your account is validated, keep your node up and running in order to mine coins.
Learn how to create flips. Don't forget to create three fips before the next validation in advance. Schedule your next validation.

>>20165498
Are there other crypto projects that focus on identity?

>>20165498
Are there other projects that focus on crypto identity?

>>20165899
Idena is the only one. First mover advantage

>>20165498
pretty decent project, has many use cases

>>20166098
like what?

>>20166251
Use cases
There are various use cases that can be facilitated by the Idena network.

Fair voting in online communities
Governance is one of the most important killer apps of blockchains. DAOs effectively recreate cross-border organizational structures at miniscule administrative costs and near-zero compliance burden. However, governance mechanisms in permissionless communities can only be based on the stake of tokens; hence, they are inherently plutocratic. Large stakeholders can collude to dominate the outcome of voting, discouraging others from participation. A unique cryptoidentity (one account per person) can be used to distribute voting credits to the individual members of the community to ensure fairness. Modern voting technologies such as Quadratic Voting can be implemented to engage the crowd to participate in the collective decision-making process.

Direct marketing and value airdrops
Current business models of most Internet services imply the monetization of personal information collected about the user's behavior, interests, social connections, in many cases without the user's consent. The new business model could be based on the consensual self-monetization of personal information and proactive intentional disclosure initiated by the user. Based on such intentional information-sharing, advertisers could provide the best deals and pay the user directly to view and utilize them. Internet services and apps could distribute utility tokens, rewards, tokenized coupons, and discounts. This model would be possible only when advertisers and businesses are protected from Sybil attacks.

>>20166251
Serverless messenger and in-chat payments
The network of independent nodes can securely store a queue of undelivered P2P-encrypted messages. Spam attacks are prevented by assigning a minor friction in the form of a transaction fee and a decentralized storage rent fee. The native cryptocurrency of the Idena network can be used to transact value between users as a special type of message inside the P2P chat. Trustless decentralized two-way bridges are to be developed to tokenize and transact major cryptocurrencies (BTC, ETH) as tokens on the Idena blockchain.

Free speech publishing
The Idena network can be used as a decentralized storage for publications and whistleblowing information to build censorship-free publishing platforms, which are protected from bots manipulating content discovery.

Global universal basic income (UBI)
A full node of the Idena blockchain could be light enough to run on an average laptop. Participation in the network is rewarded with minting and can be considered as a form of the universal basic income sufficient to cover network services (for example, sending messages) as well as the bill for the Internet service and electricity consumed. At a certain stage the Idena network can be attractive for international organizations to distribute unconditional rewards to network participants.

>>20166251
-sign in with idena
-bypass captchas with it as proof-of-human
-trustless voting
-ownership of digits assets
-governance
-fraud/spam resistant dapps
... And the list goes on with anything that needs a unique id to work without having to rely on kyc
And ethereum relay is on the works maybe it'll become ETH's identity layer one day

>>20166251
Making an imageboard without chinks, pajeets and niggers.

>>20166544
checked and bullishpilled

>>20166251
- lambo
- what this guy said >>20166428

>>20165661
> A single person is not able to validate herself multiple times because of the very limited timeframe for the submission of the answers.
I'm high IQ and do 3 validation sessions simultaneously

>>20166569
Why would non whites be left behind?

>>20165498
>>20165661
>>20165695
>>20165983
>>20166428
>>20166465
fuck off nigger stop shilling this garbage

>>20166906
Because Idena is proof of human.

>>20166569
Way to out yourself as someone not even on the network. It is FULL of chinks and pajeets.

>>20167012
>Way to out yourself as someone not even on the network. It is FULL of chinks and pajeets.

>>20166994
AHAHAHAHAHAHAAH
based af

>>20166569
>>20167012
so it is full of pajeets or not? If there are non humans it means this coin doesn't work as intended

>>20167267
Join the telegram and see for yourself. Join the network and see the flips.

>>20167267
yes, it's full of subhumans and chinks making shit flips. Idena is not in a good state right now

>>20166428
>>20166465
>>20166544
>>20166569
thanks, just bought 100k

>>20166569
based

>>20165498
bump, all jokes aside, as subhuman as chinks and pajeets are, they have enough common sense to solve flips, so shitting on the flip system for letting these subhumans succeed would be like shitting on captcha for letting these same subhumans shill shitcoins on here

>>20167503
I spoiled over 10 pajeet codes last validation. Do your part.

bump

>>20168122
But flips are supposed to be better than captchas. We can't let non whites steal our neetbucks

>>20168566
they are better than captchas, but you cant have a system where only white people pass, look at polish people for example, they are white monkeys

>>20168765
polish monkeys don't deserve to get idena bux. A good flip system should work as to keep them out

piece of shit