Idena is the first Proof-of-Person blockchain based on democratic principles. Every Idena validator is linked to a cryptoidentity – one single person with equal voting power. What is Idena Anyone can get their cryptoidentity no matter who they are and where they live. To become an Idena validator and start earning with Idena, you…
Bitcoin is a form of digital currency that aims to eliminate the need for central authorities such as banks or governments. Instead, Bitcoin uses blockchain technology to support peer-to-peer transactions between users on a decentralized network. Transactions are authenticated through Bitcoin’s proof-of-work consensus mechanism, which rewards cryptocurrency miners for validating transactions. Bitcoin can be divided…
New Bitcoins are created as part of the Bitcoin mining process, in which they are offered as a lucrative reward to people who operate computer systems that help to validate transactions. Bitcoin miners — also known as “nodes” — are the owners of high speed computers which independently confirm each transaction, and add a completed…
Bitcoin is similar to gold in at least a couple of ways. It has a stipulation built into its source code that it must have a finite supply, which means both Bitcoin and gold are limited resources. For this reason, only 21 million Bitcoin can ever be in circulation. Also, like gold, Bitcoin cannot…