Topic: Idena is the first Proof-of-Person Blockchain - page 11. (Read 44019 times)

New things in idena:
New post about idena on Hackernoon - https://hackernoon.com/understanding-idena---the-human-centric-blockchain
New node update:
"Changes:
- Automatically activate mining status after sync
- Show sync status while node starting
- Bug fixes"
https://t.me/IdenaAnnouncements/1064

And as always. If anyone need invitation fell free to PM me.

Idena validation results for epoch #85

👤 Identities validated: 15,778

💸 Validation rewards paid: 543,492 iDNA

🚫 Reward for flip report: 12.302 iDNA

Minimum total score for Humans to get the second invitation and Verified to get an invitation: 100%

https://t.me/IdenaAnnouncements/1062

🔥IDENA (IDNA) is now available on BitMartExchange!🔥

Trading pair: IDNA/USDT

Happy trading!

https://www.bitmart.com/trade/en?symbol=IDNA_USDT&layout=basic

The only problem is that you need full KYC for spot trading. So still ... the best place to trade IDENA is pancake swap.

_________________________________________
Looks like idena is going to have staking option:

"The vast majority of the voters support the IIP-4. Among those votes that have already been published, 93% of the votes are in favor.

If it’s not changed by the end of the counting period, Quadratic Staking will be included into the upcoming hard forks. Please open your Idena app to disclose your secret vote."
https://t.me/IdenaAnnouncements/1052



Wonder how big ROI we are going to see and how popular it will be (how big TVL will be)

coool

Dear Idena Community,

🔥 $IDNA gets listed on BitMartExchange

👉The trading pair will be IDNA/USDT

- Deposits open at 9:00 am UTC on March 30, 2022
- Trading IDNA/USDT starts at 9:00 am UTC on April 1, 2022
- Withdrawals open at 9:00 am UTC on April 2, 2022

https://t.me/IdenaAnnouncements/1051

Idena validation results for epoch 84

👤 Identities validated: 15,284

💸 Validation rewards paid: 545,052 iDNA

🚫 Reward for flip report: 13.556 iDNA

Minimum total score for Humans to get the second invitation and Verified to get an invitation: 100%

https://t.me/IdenaAnnouncements/1050

There is a new Idena Chronicle with AMA recap:

https://medium.com/@idena.network/idena-chronicles-7629afabb6bb

In which we can find a new proposal:

IIP-4 Quadratic staking:

"Idena core team has been receiving many requests from the community to add percentage yield to the identity stake and allow stake replenishment. Staking can make the iDNA coin more attractive for investors and reduce inflation by locking coins in stakes.

However, the traditional (linear) staking model leads to inequality because large coin holders can extract the major part of the profits from staking. With Proof-of-Personhood in mind, we can offer quadratic staking reward schemes that are free of capital bias. We invite the community to consider this quadratic staking proposal and discuss its advantages:

Quadratic staking can make the iDNA coin more attractive for investors and reduce inflation by locking coins in stakes. This can lead to faster network growth.
Quadratic staking can make an older identity more valuable and would incentivize people to not terminate their identities.
Quadratic staking can improve security of the protocol because larger stakes increase the value of each identity. In other words, quadratic staking will lead to the growth of the capitalization of many identities resulting in higher security of the network.
Identity’s stake is a security measure that ensures that the private key of a valid identity cannot be purchased without the risk of losing the stake and identity status. We see benefits in being able to replenish the identity stake and get rewarded for that but only if it leads to a balanced rise in stakes for a large number of identities. We consider the staking to be undesirable when it leads to the domination of a few large coin holders. We propose quadratic staking that discriminates against large coin holders and encourages smaller players to increase their stakes."
https://github.com/idena-network/idena-docs/discussions/69

Same voting power but faster mining for indentities with bigger stake? Am I geting it right?

"Quadratic staking can make an older identity more valuable and would incentivize people to not terminate their identities."

If you allow "stake replenishment" than it does not make older identity more valuable since you can add stake to 1 epoch old account and make it mine faster than 50 epoch old account?

I agree this is one of the most stabilized projects in the community, because of its uniqueness there's no project like this because everything is equal, no one owns a group of computers to mine, it's one computer for every miner, the price may not be good right now but the growth is organic and a project that grows steadily will not die easily like those pump and dump coins we have now in the market.

They continue to build. I'm with this project for 2 years and many things changed. Each week/month we have an update that actually is visible. Its much much easier now to be a node (web validation, mining delegation, node sharing during validation). Number of nodes is constanly growing. Value of this project is building continously ... but not price. There is no marketing. No hype. I remember how idena was being traded in sep.2019 OTC via escarrow, because there was no exchange (first listing in 02.2020 - qtrade). It was 200-350 sat back than. Network had like 200 validated identities. Its 2022, we have 14k validated identities and we are stuck at 200 sat/IDNA ...

No marketing. No hype.

its still in early stage and should not worry about this there will alot developtment regarding this.

i am believe the developers team will doing alot and build some improvement.

Thanks

"Presently, we are in the final stage of negotiating a listing of iDNA on a tier-2 exchange we consider optimal (iDNA/USDT pair is considered). As soon as the listing timeline is agreed upon and confirmed, we will share the details in a dedicated announcement."

I have mixed feelings about tier2 listing. Especially though Idena is already listed on a tier1 exchange - pancake swap. No one is trading on tier2 exchange so we wont reach to active traders/daytraders that will build liquidity for whales and whales that are on tier1 exchange. People use tier2 exchange to dump shitcoins that are not listed anywhere else. So all we will achive is a little bit of marketing in exchange of being exposed to "fractional reserve system" on shitty exchange.

But I hope I'm wrong and tier2 exchange, according to Andrew, is kucoin

Nope. But article that focuses on expanded roadmap is out, very nice
https://medium.com/idena/idena-roadmap-update-2022-de82bf32d956

Its nice to see that something is happening but ... I did not know that there are projects that are smaller than IDENA and still not dead This project has 800k $ marketcap.


Not much to be honest

Any news regarding hyperscale?

Amasa AMA to be hosted by Idena on March 9, 2022

We would like to invite the wonderful Amasa and Idena communities to participate in our first ever joint project AMA. The AMA will be held in the Idena Discord and is an excellent opportunity for Idena’s community members to learn about Amasa and what it offers Web3 users, and existing Amasa community members to get updates on our project progress. It will also be a great way for people new to Idena’s Discord to familiarize themselves with the innovative Idena project.

The AMA will take place in the Idena Discord on Wednesday, March 9, at 09:00 UTC. Everyone is welcome to join the Amasa-AMA channel in Idena’s Discord channel to ask their questions in advance.

There will be prizes available for the ten best questions asked:

• 5 prizes of $50 for the best questions submitted in the Amasa-AMA channel before the AMA; and

• 5 prizes of $50 for the best questions asked during the live QnA session during the AMA.

More information: https://medium.com/idena/amasa-ama-to-be-hosted-by-idena-on-march-9-2022-f99681e0cfbd

Team is asking everyone who voted to lauch Idena Desktop App to publish decrypted vote without this vote will not count:

"Dear Idena community,

If you have voted for the proposal about the new validation time (https://scan.idena.io/contract/0x329385dedbd6796fbeb626912bd4e7a3030cce38), please launch your Idena Desktop App to publish your decrypted vote.

When you take part in an oracle voting, your vote is initially published in an encrypted form. This is done to hide the submitted votes and up-to-date results of the voting thus preventing new participants from biased choice. When the voting is finished, it goes into vote counting state: the protocol asks the nodes to decrypt their votes with their private keys. This is why it is important to launch the Desktop App again after the vote is finished, so the client can decrypt your vote that you have submitted before.

To make sure you have published your decrypted vote, please check that you have two transactions:
1. Vote (secret)
2. Vote"
https://t.me/IdenaAnnouncements/1029

Its worth to do that because new date seams to be much better. Not to late for china, not too soon for USA.

And as always. If anyone wants invitation feel free to pm me.

Idena improvement proposal 2
IIP-2: Change the time of validation ceremony

Do you agree to change the time of the validation ceremony from 13:30 UTC to 15:00 UTC?
(Oracle voting is ending on Feb 15th 2022)

Motivation: this proposal is aimed to make the time of the validation ceremony more convenient for people located in the US. There's a lot of active crypto users in the western part of the US. Now they have validation at 5:30 AM which is very inconvenient. That is a major limiting factor for the adoption of Idena in the US.

New validation time for different time zones:

- GMT 15:00
- San Francisco, USA 7:00
- New York, USA 11:00
- Tunis, Tunisia 16:00
- Berlin, Germany 16:00
- Moscow, Russia 18:00
- Delhi, India 20:30
- Jakarta, Indonesia 22:00
- Beijing, China 23:00
- Sydney, Australia 01:00 + 1 day
- Auckland, New Zealand 03:00 + 1 day
- Honolulu, Hawaii, USA 05:00 + 1 day

Proposal: https://docs.idena.io/docs/iip/iip-2

Duscussion: https://github.com/idena-network/idena-docs/discussions/61

Idena validation results for epoch #0082

👤 Identities validated: 14,274

💸 Validation rewards paid: 545,220 iDNA

🚫 Reward for flip report: 16.115 iDNA

Minimum total score for Humans to get the second invitation and Verified to get an invitation: 98.24%

https://t.me/IdenaAnnouncements/1026

Also, if anyone is interested, the Roadmap has been updated.

https://docs.idena.io/docs/wp/roadmap

Yes, you are right. we succeeded.
although I have updated a new version in the meantime, I thought that was the reason for the mistake.