Cryptocurrency Q&A What is idena?

What is idena?

KimonoSerenity KimonoSerenity Thu Nov 14 2024 | 6 answers 1476
I recently heard about a new concept called idena but I'm not quite sure what it is. Could someone please explain to me what idena is all about, its purpose, and how it works? What is idena?

6 answers

mia_harrison_painter mia_harrison_painter Sat Nov 16 2024
This association guarantees that each node has an equal voting power, creating a democratic and decentralized system.

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SumoHonorable SumoHonorable Sat Nov 16 2024
Idena's network is composed of validated people, which addresses a significant challenge in the blockchain space known as the oracle problem.

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Michele Michele Sat Nov 16 2024
The oracle problem often arises when blockchain networks need to access real-world data but lack a reliable and decentralized source.

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Silvia Silvia Sat Nov 16 2024
Idena represents a groundbreaking advancement in the blockchain industry.

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Andrea Andrea Sat Nov 16 2024
It is the first proof-of-person blockchain, a unique concept that ensures every node is associated with a specific individual.

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