There is the first Proof-of-Person Blockchain. No money for stake or equipment needed, just an average laptop.
You can easily join mining of the first human-centric cryptocurrency at idena.io and share your opinion.
It seems like a very unique idea. But what's the utility of this blockchain in real world?
Also I understand a turing code needs to be solved to work as a node in idena network and I also understand that the frequency of solving turing code will reduce as the network grows. What's the current frequency?
Also i see that it is not completely decentralized. Because if I am inviting someone, I will retain the full right to expel that person from the network. Any specific reason for that?
Idena is a strong bot protection: one person can not have multiple accounts, because the validation session starts at the same time globally. Useful for many projects that cannot be realized otherwise: true anonymous authentication, privacy-preserving Sybil-protected governance and fair voting for online communities and DAOs, global universal basic income initiatives, Sybil-protected marketing.
The current validation frequency is once in 4 days.
The person who invites you can terminate your identity only before your status is "Verfied", after the third validation it is no longer possible. This is done to prevent participants from buying and selling invitations and to encourage healthy network growth. When you are invited by your friend you will not be expelled.
Well, you did not mention it on the website that was why I said solving the puzzle or captcha is tedious work.
You should have at least said about validating once every 3 months on the website, and I still do not understand the function of the laptop in the minting process.
We mention that in the FAQ section:
https://idena.io/?view=faq#faq-validation-1did not explain the process of minting using the hardware.
You need to run the node on your computer or laptop in order to produce blocks and vote for the block proposals.
https://idena.io/?view=technology
