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Idena Price (IDNA)
$0.03343357
3.26%
Idena Price Chart (IDNA/USD)
Last updated 22 Jun 2022, 09:10AM UTC. Currency in USD.
Markets
| # | Exchange | Pair | Price | Spread | Volume(24h) | Trust |
|---|---|---|---|---|---|---|
| 1 |
 BitMart |
IDNA / USDT | $0.01951723 | 0.04% | $49,145 | |
| 2 |
 Hotbit |
IDNA / BTC | $0.02695845 | 2.17% | $23,969 | |
| 3 |
 ProBit Global |
IDNA / USDT | $0.02762896 | 2.67% | $7,874 | |
| 4 |
ProBit Global |
IDNA / BTC | $0.01713525 | 2.65% | $7,223 | |
| 5 |
 qTrade |
IDNA / BTC | $0.03345651 | 12.15% | $218 |
IDNA Price Statistics
- Idena Price Now $0
- 24h Low / 24h High $0 / $0
- Trading Volume $80,819
- Market Cap Rank #1517
- Market Cap $2,030,750
- Volume / Market Cap 0.0398
-
All-Time High
$0 -89.31%
Sep 01, 2020 -
All-Time Low
$0 88.97%
Feb 04, 2020
Idena Cryptocurrency: A Revolutionary Digital Currency
Introduction
The world of digital currencies continues to evolve with the emergence of numerous cryptocurrencies. One such innovative project is Idena, a unique blockchain-based cryptocurrency that aims to provide secure and decentralized identity verification.
The Concept behind Idena
Idena stands for "Identity Encryption Network Absolutely." Unlike traditional cryptocurrencies, Idena focuses on establishing a secure and tamper-proof identity verification system. It leverages a combination of Proof-of-Person (PoP) and Proof-of-Identity (PoI) mechanisms to ensure accurate identification of network participants.
The Proof-of-Person consensus mechanism involves the mining process, where users are required to solve cryptographic puzzles. But what sets Idena apart is that it requires individuals to participate physically in validation ceremonies. These ceremonies usually take place at specific times and demand participants to solve these puzzles while being recorded via a web camera. This process ensures that each participant is a real human being, preventing the creation of multiple identities.
On the other hand, the Proof-of-Identity mechanism focuses on establishing a unique identity for each participant. To become a validated participant, users need to invite other individuals to the network who aren't yet part of Idena. By doing so, the network can enforce a one-to-one person-to-address mapping, enhancing security and eliminating the risk of Sybil attacks.
Benefits of Idena
1. Decentralized Identity Verification: Idena ensures decentralized and tamper-proof identity verification, providing a unique solution to mitigate identity theft and fraud.
2. Low Entry Barrier: Anyone can participate in Idena's validation process, even without any specialized equipment. All that's needed is a computer or smartphone with a web camera.
3. Democratic Governance: Idena operates on a democratic governance model, allowing participants to actively contribute and make decisions regarding the network's development and evolution.
4. Digital Assets: Aside from being a cryptocurrency, Idena also provides a platform for the creation and distribution of digital assets using the Idena token.
Conclusion
Idena cryptocurrency brings a new dimension to the world of digital currencies by focusing on secure and decentralized identity verification. Through its unique consensus mechanisms, Idena ensures that network participants are genuine human beings, mitigating the risks associated with identity theft and fraud. With its low entry barrier and democratic governance model, Idena opens up participation to anyone interested, providing a truly inclusive and secure platform for digital transactions.