What Benefits can Sports Industries attain from using Digital Age Verification?
Out of all the eCommerce sales within the US, nearly 29% of them occur on mobile phones. Millennials are spearheading this trend, with 86% of them making online purchases through their cell phones. With this unprecedented amount of access to online products and services, it is becoming harder for age-restricted merchants to manage their products and services. Verifying a person’s age online is often quite difficult, especially since purchasing items has become as simple as providing genuine bank card details. ID verification solutions offer a crucial barrier for age-restricted commerce vendors to use against under-age customers. Regulation is increasing for companies to verify their customers before selling them age-restricted goods and services. Merely having a user provide a date of birth from their social profiles as a sort of verification isn't enough. Many underage individuals, especially resourceful teenagers, are ready to gain access to online gambling platforms or alcohol through these traditional methods of verification. it's critical to form a barrier to entry much higher for age-restricted goods and services because it can cause legal consequences, large fines, and a ruined reputation. How do ID Verification Solutions Help Age-Restricted Commerce In many countries around the world, legislation has passed where age verification is required for industries like online gaming, gambling, pharmaceuticals, tobacco & alcohol, and online dating apps. This is often also true within the US, where many states have implemented laws regulating age-restricted industries. Demand has increased for tactics to accurately verify user’s ages to suits these laws. Digital biometric identification solutions satisfy these needs. A company can verify its user’s ages by performing digital age verification. Digital biometric identification verifies a user’s age by scanning the date of birth from their government-issued IDs—passport, driver’s license, government-issued ID, etc. Many companies realize that they need to have digital identity verification services. They're worried about underage usage of their platforms and therefore the sale of restricted goods to minors. The following industries can benefit from ID verification solutions: Alcohol and Tobacco Both alcohol and tobacco are strictly regulated on a worldwide level. The FDA specifically prohibits the sale of cigarettes to minors. On top of this, the sale of alcohol is restricted within the US to individuals over the age of 21. For online retailers that sell alcohol and tobacco, having the ability to verify their customers accurately before a transaction is extremely important. Online Gaming Children, adolescents, and teenagers are all interested in online gaming. If played excessively, they will develop problematic habits. Plus, in many online games, children have access to players of any age from everywhere across the planet. Children can easily fall for scams, be taken advantage of, experience offensive language or maybe bullying from uninhibited gaming interactions. For these reasons, many gaming companies should consider adding an age barrier to their game to make sure that the players on their platforms meet the specified age to play. In the United States, online gambling is heavily regulated. A similar situation is true in other countries, like the United Kingdom. Studies have shown that as many as 50,000 children under the age of 17 have used online gambling and developed problems. By verifying user’s age before entry into a system, subsequently, gambling companies can help prevent children from being allowed to play. Platforms must do everything in their control to make sure that children remain out of their systems. Dating Services Online dating websites and apps are online services with very low barriers to entry. Both the minor and the adult users are in danger of underage use of dating apps. Underage dating is against the law in most places and may cause problems to the minor as well as the adult involved. Adults involved in such cases can face action that lasts their whole lives and minors can face a trauma from potential underage assault and other disturbing problems. Dating apps must do their part to verify their user base with robust identification services instead of just counting on social profile information. A variety of industries can enjoy online identity verification to access age-restricted goods and services. Online retailers should hold responsibility in regulating who can access their goods and services instead of counting on consumers to check themselves.
What Benefits can Sports Industries attain from using Digital Age Verification?
Out of all the eCommerce sales within the US, nearly 29% of them occur on mobile phones. Millennials are spearheading this trend, with 86% of them making online purchases through their cell phones. With this unprecedented amount of access to online products and services, it is becoming harder for age-restricted merchants to manage their products and services. Verifying a person’s age online is often quite difficult, especially since purchasing items has become as simple as providing genuine bank card details. ID verification solutions offer a crucial barrier for age-restricted commerce vendors to use against under-age customers. Regulation is increasing for companies to verify their customers before selling them age-restricted goods and services. Merely having a user provide a date of birth from their social profiles as a sort of verification isn't enough. Many underage individuals, especially resourceful teenagers, are ready to gain access to online gambling platforms or alcohol through these traditional methods of verification. it's critical to form a barrier to entry much higher for age-restricted goods and services because it can cause legal consequences, large fines, and a ruined reputation. How do ID Verification Solutions Help Age-Restricted Commerce In many countries around the world, legislation has passed where age verification is required for industries like online gaming, gambling, pharmaceuticals, tobacco & alcohol, and online dating apps. This is often also true within the US, where many states have implemented laws regulating age-restricted industries. Demand has increased for tactics to accurately verify user’s ages to suits these laws. Digital biometric identification solutions satisfy these needs. A company can verify its user’s ages by performing digital age verification. Digital biometric identification verifies a user’s age by scanning the date of birth from their government-issued IDs—passport, driver’s license, government-issued ID, etc. Many companies realize that they need to have digital identity verification services. They're worried about underage usage of their platforms and therefore the sale of restricted goods to minors. The following industries can benefit from ID verification solutions: Alcohol and Tobacco Both alcohol and tobacco are strictly regulated on a worldwide level. The FDA specifically prohibits the sale of cigarettes to minors. On top of this, the sale of alcohol is restricted within the US to individuals over the age of 21. For online retailers that sell alcohol and tobacco, having the ability to verify their customers accurately before a transaction is extremely important. Online Gaming Children, adolescents, and teenagers are all interested in online gaming. If played excessively, they will develop problematic habits. Plus, in many online games, children have access to players of any age from everywhere across the planet. Children can easily fall for scams, be taken advantage of, experience offensive language or maybe bullying from uninhibited gaming interactions. For these reasons, many gaming companies should consider adding an age barrier to their game to make sure that the players on their platforms meet the specified age to play. In the United States, online gambling is heavily regulated. A similar situation is true in other countries, like the United Kingdom. Studies have shown that as many as 50,000 children under the age of 17 have used online gambling and developed problems. By verifying user’s age before entry into a system, subsequently, gambling companies can help prevent children from being allowed to play. Platforms must do everything in their control to make sure that children remain out of their systems. Dating Services Online dating websites and apps are online services with very low barriers to entry. Both the minor and the adult users are in danger of underage use of dating apps. Underage dating is against the law in most places and may cause problems to the minor as well as the adult involved. Adults involved in such cases can face action that lasts their whole lives and minors can face a trauma from potential underage assault and other disturbing problems. Dating apps must do their part to verify their user base with robust identification services instead of just counting on social profile information. A variety of industries can enjoy online identity verification to access age-restricted goods and services. Online retailers should hold responsibility in regulating who can access their goods and services instead of counting on consumers to check themselves.
What Benefits can Sports Industries attain from using Digital Age Verification?
Out of all the eCommerce sales within the US, nearly 29% of them occur on mobile phones. Millennials are spearheading this trend, with 86% of them making online purchases through their cell phones. With this unprecedented amount of access to online products and services, it is becoming harder for age-restricted merchants to manage their products and services. Verifying a person’s age online is often quite difficult, especially since purchasing items has become as simple as providing genuine bank card details. ID verification solutions offer a crucial barrier for age-restricted commerce vendors to use against under-age customers. Regulation is increasing for companies to verify their customers before selling them age-restricted goods and services. Merely having a user provide a date of birth from their social profiles as a sort of verification isn't enough. Many underage individuals, especially resourceful teenagers, are ready to gain access to online gambling platforms or alcohol through these traditional methods of verification. it's critical to form a barrier to entry much higher for age-restricted goods and services because it can cause legal consequences, large fines, and a ruined reputation. How do ID Verification Solutions Help Age-Restricted Commerce In many countries around the world, legislation has passed where age verification is required for industries like online gaming, gambling, pharmaceuticals, tobacco & alcohol, and online dating apps. This is often also true within the US, where many states have implemented laws regulating age-restricted industries. Demand has increased for tactics to accurately verify user’s ages to suits these laws. Digital biometric identification solutions satisfy these needs. A company can verify its user’s ages by performing digital age verification. Digital biometric identification verifies a user’s age by scanning the date of birth from their government-issued IDs—passport, driver’s license, government-issued ID, etc. Many companies realize that they need to have digital identity verification services. They're worried about underage usage of their platforms and therefore the sale of restricted goods to minors. The following industries can benefit from ID verification solutions: Alcohol and Tobacco Both alcohol and tobacco are strictly regulated on a worldwide level. The FDA specifically prohibits the sale of cigarettes to minors. On top of this, the sale of alcohol is restricted within the US to individuals over the age of 21. For online retailers that sell alcohol and tobacco, having the ability to verify their customers accurately before a transaction is extremely important. Online Gaming Children, adolescents, and teenagers are all interested in online gaming. If played excessively, they will develop problematic habits. Plus, in many online games, children have access to players of any age from everywhere across the planet. Children can easily fall for scams, be taken advantage of, experience offensive language or maybe bullying from uninhibited gaming interactions. For these reasons, many gaming companies should consider adding an age barrier to their game to make sure that the players on their platforms meet the specified age to play. In the United States, online gambling is heavily regulated. A similar situation is true in other countries, like the United Kingdom. Studies have shown that as many as 50,000 children under the age of 17 have used online gambling and developed problems. By verifying user’s age before entry into a system, subsequently, gambling companies can help prevent children from being allowed to play. Platforms must do everything in their control to make sure that children remain out of their systems. Dating Services Online dating websites and apps are online services with very low barriers to entry. Both the minor and the adult users are in danger of underage use of dating apps. Underage dating is against the law in most places and may cause problems to the minor as well as the adult involved. Adults involved in such cases can face action that lasts their whole lives and minors can face a trauma from potential underage assault and other disturbing problems. Dating apps must do their part to verify their user base with robust identification services instead of just counting on social profile information. A variety of industries can enjoy online identity verification to access age-restricted goods and services. Online retailers should hold responsibility in regulating who can access their goods and services instead of counting on consumers to check themselves.
VG's Brief Overview - Idena - Proof-of-Person Blockchain
Note: This article aims to contribute informative content for you. I present this, based on my opinion. I am not responsible for your gains or losses. When you finish reading, do your study and invest at your own risk. "Bitcoin is innovative". You have probably been told or heard it somewhere, but know that Bitcoin is a combination of already existing elements of cryptography to be a cryptocurrency. That is, basically a form of electronic money that uses cryptography to work. One of these elements is Proof Of Work. It was conceived in 1993 by Cynthia Dwork and Moni Naor when they published an article, proposing a new method of combating spam emails, through functions linked to memory. The sender of the email should perform a proof of work via the CPU, spending, for example, a few seconds, "solving a mathematical problem" before sending the message. The term proof of work appeared in 1999 with the article by Markus Jakobsson and Ari Juels: "Proofs of work and bread pudding protocols". It was characterized by the notation of a proof of work (PoW), a protocol, where the tester demonstrates to the tester that he spent some computational effort in a specific time interval. But, until then this was not popular. That's when in 2008, Satoshi Nakamoto published the Bitcoin whitepaper, popularizing the term Proof-of-Work (Pow). So, how does it work, in general, currently, when it comes to cryptocurrencies? Well, proof of work is a consensus algorithm were miners, with their mining machines, need to solve complex mathematical calculations, with their computational power, to validate transactions on the network. This model was thought of as a way to add security to the network, but in practice, depending on how centralized this computational power is, the so-called 51% attack can occur. Where a miner or a group holds the majority of hashrate power, making it possible to roll back transactions, carry out double-spending practices, DDOS or prevent other miners from continuing their work, monopolizing mining. https://www.blockchain.com/pools The likelihood of a 51% attack happening on the bitcoin network is very small. Due to the magnitude of the network and the fact that the investment necessary to carry out such an act would be almost impossible. But there is a certain centralization of hashrate power in a small group of pools that would already add up to almost 50% of the hashrate. In the world of cryptocurrencies, the centralization of power is common, even though the main idea is the search for decentralization. Truly decentralized projects are rare. This centralization can occur in several ways, either by holding the largest hashrate or the majority of the number of coins in circulation, for example, in coins that use the proof of stake consensus algorithm, whoever holds the most coins, tends to get more staking rewards. But what if everyone who wanted to join the network was important, and if there was more democracy on the network? Well, know, in this article, the cryptocurrency Idena. What is Idena? Idena is a cryptocurrency project that seeks to innovate, introducing a new consensus protocol: Proof-of-Person. Each node in the network is represented by a cryptoidentity, a single person with equal voting power, democratically. But don't worry, you don't need a KYC or send documents to prove your humanity. New identities are verified through a Turing AI-hard test performed at the same time by everyone around the globe. You need to resolve and analyze flips in this validation session. But, what are flips? Flips For some, it is like a simple challenge. For others, a form of art expression whose meaning would be something, in my view, like: "Hey, I'm human, I can do it". But without delay, it is a set of images, forming a story, based on a pair of random words, provided by the client. You need to choose the set of images that makes the most sense. The validation session The validation session is a frequent and necessary event for the network to function. It is from there that potential candidates if they pass the session, will become validated newbies. And as the seasons pass your rank/status changes. To become a candidate, you need to activate invitation codes on the client. The session starts, presenting, first, 6 flips that need to be solved in less than 2 minutes. You must resolve these first flips! Next is the process of checking the flips that have been sent by the community. Here in the long session, you have a lot of time compared to the short session, as you have more flips to solve and check if the flips are related to the keywords presented. Check out a video showing the validation session: After validation, you will receive rewards according to your activity on the network, for example, How many flips you have made, how many new identities you have invited, and so on … Don't forget to comment on what you found on Discord or Telegram. The community gets together to discuss and complain about nonsense flips, show the score among other things, the post-validation ritual. Mining After passing the validation session, you will be able to complete the mining process. Unlike other cryptocurrencies, where a huge computational power is needed, here you just leave the wallet open, with the status of online mining on, you already earn a little, helping to validate transactions. Do not forget to disable the mining status when closing the wallet, because if you spend more than 1 hour with the wallet closed and have forgotten to disable the status, you will suffer a mining penalty, calculated based on the size of the network. Team Idena's team is anonymous, present in the crypto world since 2015. The fact that they are anonymous is since they do not want this to become a flawed point in the future and that the protocol must remain alone without the main team. There are 5 developers on the main team. Also, there are developers from the community who help create applications that work on the Idena network: @endogen, @realRioda, @menxit, @bingbinglee1, @Angainor, @ProjXDev, and many others… Use cases As initially, Bitcoin was designed for P2P transactions and Ethereum for smart contracts and dapps, defi, and DAO. Idena would be more centered, on the issue of cryptoidentity, in terms of voting, digital governance, the foundation of community projects, and other useful tools for people around the globe, but not limited to just that. Other applications such as decentralized messenger, decentralized publishing platform, and other dapps could also be implemented on Idena's network. Technical specifications Symbol: DNA Testnet genesis block: 1 August 2019 Consensus: Proof of Person (PoP) Block time: 20 seconds Block reward: 6 DNA Mining reward per day: 25,920 DNA Validation reward per day: 25,920 DNA Max supply: Unlimited Premine: 36,000,000 DNA The supply of DNA is not limited. The total coin creation per day is 51840. Half of this is mined while producing blocks. The rest is minted during the validation sessions. Block reward: 6 DNA Maximum number of blocks per day: 4,320 Mining cap per day: 25,920 DNA (50%) Accumulating fund per day: 25,920 DNA (50%) Total cap: 51,840 DNA Well, that's it. There was still much to say, but I tried to highlight the main things. You can consult the links below for more information and ask questions about the project on the community's social media. Leave your comment about the project/article. If you are interested, start now and request your invitation code from the groups, then just wait for the next validation session. Official Links Site: https://idena.io Coingecko: https://www.coingecko.com/en/coins/idena Discord: https://discord.gg/96Sw2e6 Telegram: https://t.me/IdenaNetworkPublic FAQ: https://idena.io/?view=faq
VG's Brief Overview - Idena - Proof-of-Person Blockchain
Note: This article aims to contribute informative content for you. I present this, based on my opinion. I am not responsible for your gains or losses. When you finish reading, do your study and invest at your own risk. "Bitcoin is innovative". You have probably been told or heard it somewhere, but know that Bitcoin is a combination of already existing elements of cryptography to be a cryptocurrency. That is, basically a form of electronic money that uses cryptography to work. One of these elements is Proof Of Work. It was conceived in 1993 by Cynthia Dwork and Moni Naor when they published an article, proposing a new method of combating spam emails, through functions linked to memory. The sender of the email should perform a proof of work via the CPU, spending, for example, a few seconds, "solving a mathematical problem" before sending the message. The term proof of work appeared in 1999 with the article by Markus Jakobsson and Ari Juels: "Proofs of work and bread pudding protocols". It was characterized by the notation of a proof of work (PoW), a protocol, where the tester demonstrates to the tester that he spent some computational effort in a specific time interval. But, until then this was not popular. That's when in 2008, Satoshi Nakamoto published the Bitcoin whitepaper, popularizing the term Proof-of-Work (Pow). So, how does it work, in general, currently, when it comes to cryptocurrencies? Well, proof of work is a consensus algorithm were miners, with their mining machines, need to solve complex mathematical calculations, with their computational power, to validate transactions on the network. This model was thought of as a way to add security to the network, but in practice, depending on how centralized this computational power is, the so-called 51% attack can occur. Where a miner or a group holds the majority of hashrate power, making it possible to roll back transactions, carry out double-spending practices, DDOS or prevent other miners from continuing their work, monopolizing mining. https://www.blockchain.com/pools The likelihood of a 51% attack happening on the bitcoin network is very small. Due to the magnitude of the network and the fact that the investment necessary to carry out such an act would be almost impossible. But there is a certain centralization of hashrate power in a small group of pools that would already add up to almost 50% of the hashrate. In the world of cryptocurrencies, the centralization of power is common, even though the main idea is the search for decentralization. Truly decentralized projects are rare. This centralization can occur in several ways, either by holding the largest hashrate or the majority of the number of coins in circulation, for example, in coins that use the proof of stake consensus algorithm, whoever holds the most coins, tends to get more staking rewards. But what if everyone who wanted to join the network was important, and if there was more democracy on the network? Well, know, in this article, the cryptocurrency Idena. What is Idena? Idena is a cryptocurrency project that seeks to innovate, introducing a new consensus protocol: Proof-of-Person. Each node in the network is represented by a cryptoidentity, a single person with equal voting power, democratically. But don't worry, you don't need a KYC or send documents to prove your humanity. New identities are verified through a Turing AI-hard test performed at the same time by everyone around the globe. You need to resolve and analyze flips in this validation session. But, what are flips? Flips For some, it is like a simple challenge. For others, a form of art expression whose meaning would be something, in my view, like: "Hey, I'm human, I can do it". But without delay, it is a set of images, forming a story, based on a pair of random words, provided by the client. You need to choose the set of images that makes the most sense. The validation session The validation session is a frequent and necessary event for the network to function. It is from there that potential candidates if they pass the session, will become validated newbies. And as the seasons pass your rank/status changes. To become a candidate, you need to activate invitation codes on the client. The session starts, presenting, first, 6 flips that need to be solved in less than 2 minutes. You must resolve these first flips! Next is the process of checking the flips that have been sent by the community. Here in the long session, you have a lot of time compared to the short session, as you have more flips to solve and check if the flips are related to the keywords presented. Check out a video showing the validation session: After validation, you will receive rewards according to your activity on the network, for example, How many flips you have made, how many new identities you have invited, and so on … Don't forget to comment on what you found on Discord or Telegram. The community gets together to discuss and complain about nonsense flips, show the score among other things, the post-validation ritual. Mining After passing the validation session, you will be able to complete the mining process. Unlike other cryptocurrencies, where a huge computational power is needed, here you just leave the wallet open, with the status of online mining on, you already earn a little, helping to validate transactions. Do not forget to disable the mining status when closing the wallet, because if you spend more than 1 hour with the wallet closed and have forgotten to disable the status, you will suffer a mining penalty, calculated based on the size of the network. Team Idena's team is anonymous, present in the crypto world since 2015. The fact that they are anonymous is since they do not want this to become a flawed point in the future and that the protocol must remain alone without the main team. There are 5 developers on the main team. Also, there are developers from the community who help create applications that work on the Idena network: @endogen, @realRioda, @menxit, @bingbinglee1, @Angainor, @ProjXDev, and many others… Use cases As initially, Bitcoin was designed for P2P transactions and Ethereum for smart contracts and dapps, defi, and DAO. Idena would be more centered, on the issue of cryptoidentity, in terms of voting, digital governance, the foundation of community projects, and other useful tools for people around the globe, but not limited to just that. Other applications such as decentralized messenger, decentralized publishing platform, and other dapps could also be implemented on Idena's network. Technical specifications Symbol: DNA Testnet genesis block: 1 August 2019 Consensus: Proof of Person (PoP) Block time: 20 seconds Block reward: 6 DNA Mining reward per day: 25,920 DNA Validation reward per day: 25,920 DNA Max supply: Unlimited Premine: 36,000,000 DNA The supply of DNA is not limited. The total coin creation per day is 51840. Half of this is mined while producing blocks. The rest is minted during the validation sessions. Block reward: 6 DNA Maximum number of blocks per day: 4,320 Mining cap per day: 25,920 DNA (50%) Accumulating fund per day: 25,920 DNA (50%) Total cap: 51,840 DNA Well, that's it. There was still much to say, but I tried to highlight the main things. You can consult the links below for more information and ask questions about the project on the community's social media. Leave your comment about the project/article. If you are interested, start now and request your invitation code from the groups, then just wait for the next validation session. Official Links Site: https://idena.io Coingecko: https://www.coingecko.com/en/coins/idena Discord: https://discord.gg/96Sw2e6 Telegram: https://t.me/IdenaNetworkPublic FAQ: https://idena.io/?view=faq
VG's Brief Overview - Idena - Proof-of-Person Blockchain
Note: This article aims to contribute informative content for you. I present this, based on my opinion. I am not responsible for your gains or losses. When you finish reading, do your study and invest at your own risk. "Bitcoin is innovative". You have probably been told or heard it somewhere, but know that Bitcoin is a combination of already existing elements of cryptography to be a cryptocurrency. That is, basically a form of electronic money that uses cryptography to work. One of these elements is Proof Of Work. It was conceived in 1993 by Cynthia Dwork and Moni Naor when they published an article, proposing a new method of combating spam emails, through functions linked to memory. The sender of the email should perform a proof of work via the CPU, spending, for example, a few seconds, "solving a mathematical problem" before sending the message. The term proof of work appeared in 1999 with the article by Markus Jakobsson and Ari Juels: "Proofs of work and bread pudding protocols". It was characterized by the notation of a proof of work (PoW), a protocol, where the tester demonstrates to the tester that he spent some computational effort in a specific time interval. But, until then this was not popular. That's when in 2008, Satoshi Nakamoto published the Bitcoin whitepaper, popularizing the term Proof-of-Work (Pow). So, how does it work, in general, currently, when it comes to cryptocurrencies? Well, proof of work is a consensus algorithm were miners, with their mining machines, need to solve complex mathematical calculations, with their computational power, to validate transactions on the network. This model was thought of as a way to add security to the network, but in practice, depending on how centralized this computational power is, the so-called 51% attack can occur. Where a miner or a group holds the majority of hashrate power, making it possible to roll back transactions, carry out double-spending practices, DDOS or prevent other miners from continuing their work, monopolizing mining. https://www.blockchain.com/pools The likelihood of a 51% attack happening on the bitcoin network is very small. Due to the magnitude of the network and the fact that the investment necessary to carry out such an act would be almost impossible. But there is a certain centralization of hashrate power in a small group of pools that would already add up to almost 50% of the hashrate. In the world of cryptocurrencies, the centralization of power is common, even though the main idea is the search for decentralization. Truly decentralized projects are rare. This centralization can occur in several ways, either by holding the largest hashrate or the majority of the number of coins in circulation, for example, in coins that use the proof of stake consensus algorithm, whoever holds the most coins, tends to get more staking rewards. But what if everyone who wanted to join the network was important, and if there was more democracy on the network? Well, know, in this article, the cryptocurrency Idena. What is Idena? Idena is a cryptocurrency project that seeks to innovate, introducing a new consensus protocol: Proof-of-Person. Each node in the network is represented by a cryptoidentity, a single person with equal voting power, democratically. But don't worry, you don't need a KYC or send documents to prove your humanity. New identities are verified through a Turing AI-hard test performed at the same time by everyone around the globe. You need to resolve and analyze flips in this validation session. But, what are flips? Flips For some, it is like a simple challenge. For others, a form of art expression whose meaning would be something, in my view, like: "Hey, I'm human, I can do it". But without delay, it is a set of images, forming a story, based on a pair of random words, provided by the client. You need to choose the set of images that makes the most sense. The validation session The validation session is a frequent and necessary event for the network to function. It is from there that potential candidates if they pass the session, will become validated newbies. And as the seasons pass your rank/status changes. To become a candidate, you need to activate invitation codes on the client. The session starts, presenting, first, 6 flips that need to be solved in less than 2 minutes. You must resolve these first flips! Next is the process of checking the flips that have been sent by the community. Here in the long session, you have a lot of time compared to the short session, as you have more flips to solve and check if the flips are related to the keywords presented. Check out a video showing the validation session: After validation, you will receive rewards according to your activity on the network, for example, How many flips you have made, how many new identities you have invited, and so on … Don't forget to comment on what you found on Discord or Telegram. The community gets together to discuss and complain about nonsense flips, show the score among other things, the post-validation ritual. Mining After passing the validation session, you will be able to complete the mining process. Unlike other cryptocurrencies, where a huge computational power is needed, here you just leave the wallet open, with the status of online mining on, you already earn a little, helping to validate transactions. Do not forget to disable the mining status when closing the wallet, because if you spend more than 1 hour with the wallet closed and have forgotten to disable the status, you will suffer a mining penalty, calculated based on the size of the network. Team Idena's team is anonymous, present in the crypto world since 2015. The fact that they are anonymous is since they do not want this to become a flawed point in the future and that the protocol must remain alone without the main team. There are 5 developers on the main team. Also, there are developers from the community who help create applications that work on the Idena network: @endogen, @realRioda, @menxit, @bingbinglee1, @Angainor, @ProjXDev, and many others… Use cases As initially, Bitcoin was designed for P2P transactions and Ethereum for smart contracts and dapps, defi, and DAO. Idena would be more centered, on the issue of cryptoidentity, in terms of voting, digital governance, the foundation of community projects, and other useful tools for people around the globe, but not limited to just that. Other applications such as decentralized messenger, decentralized publishing platform, and other dapps could also be implemented on Idena's network. Technical specifications Symbol: DNA Testnet genesis block: 1 August 2019 Consensus: Proof of Person (PoP) Block time: 20 seconds Block reward: 6 DNA Mining reward per day: 25,920 DNA Validation reward per day: 25,920 DNA Max supply: Unlimited Premine: 36,000,000 DNA The supply of DNA is not limited. The total coin creation per day is 51840. Half of this is mined while producing blocks. The rest is minted during the validation sessions. Block reward: 6 DNA Maximum number of blocks per day: 4,320 Mining cap per day: 25,920 DNA (50%) Accumulating fund per day: 25,920 DNA (50%) Total cap: 51,840 DNA Well, that's it. There was still much to say, but I tried to highlight the main things. You can consult the links below for more information and ask questions about the project on the community's social media. Leave your comment about the project/article. If you are interested, start now and request your invitation code from the groups, then just wait for the next validation session. Official Links Site: https://idena.io Coingecko: https://www.coingecko.com/en/coins/idena Discord: https://discord.gg/96Sw2e6 Telegram: https://t.me/IdenaNetworkPublic FAQ: https://idena.io/?view=faq
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