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Paxos Standard
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About Paxos Standard

Idena price today is $0.102391 USD with a 24-hour trading volume of $67,101.15 USD. Idena is up 2.86% in the last 24 hours. The current CoinMarketCap ranking is #851, with a market cap of $3,300,007 USD. It has a circulating supply of 32,229,553 IDNA coins and the max. supply is not available. You can find the top exchanges to trade Idena listed on our crypto exchanges page.

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.

Summary

  • To own your crypto assets, you need to manage your own private keys.
  • Ledger hardware wallets make private key management easy and secure.
  • Each unique 24-word recovery phrase creates a new set of private keys.
  • Make sure you secure your 24-word recovery phrase properly.
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