$4,085.60 crowdfunded from 3266 people
$4,789.88 received from matching pools
Idena is the first blockchain that utilizes a unique consensus mechanism called Proof-Of-Person, which prioritizes people over tokens. Unlike other systems that rely on money-based governance, Idena operates on the principle of one-person-one-vote, ensuring that power is distributed equally among all participants. This prevents a small group from gaining too much control.
Idena offers a puppet-resistant crypto-identity primitive, which is used for democratic voting, Quadratic Funding, fair airdrops and decentralized governance.
Idena is accessible to anyone. It does not require any personal information and allows participants to join the network without any investments. Users play an active role in mutual verification by challenging each other with AI-resistant FLIP-tests. This process is done in a synchronous ceremony, which ensures that individuals cannot spoof multiple accounts.
The network is protected from Sybil attacks through regular validations and Sublinear Staking. Sublinear Staking economy prevents large stake holders from dominating the network and encourages small individuals to secure their identities with stakes ensuring democratic staking rewards distribution.
IDENA History
-
accepted into Web3 Open Source Software 1 year ago. 3266 people contributed $4,086 to the project, and $4,790 of match funding was provided.