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Author Topic: Idena is the first Proof-of-Person Blockchain  (Read 44059 times)
gost111
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November 26, 2020, 06:11:21 AM
 #1741

On the Vitex exchange for the iDNA/BTC trading pair, the trading mining function was enabled
https://x.vite.net/trade?symbol=IDNA-000_BTC-000
you can read about the trading mining function here
https://vitex.net/mine
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November 26, 2020, 09:11:05 PM
 #1742

Any idena when sharding & oracle?
The best answer to this question was given by realRioda a few days ago. Please read this to avoid asking this question again:

https://bitcointalk.org/index.php?topic=5194871.msg55651802#msg55651802

I have read that, there is a point that we must first reach the 8k - 9k nodes and currently there are still around 4k more nodes connected, so that's only half of the target for sharding. I am sure that the validation date of December 1 will be able to reach more than 5k nodes. Hopefully everything is successful so that sharding can be realized soon.

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piebeyb
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November 27, 2020, 06:12:07 AM
 #1743

On the Vitex exchange for the iDNA/BTC trading pair, the trading mining function was enabled
https://x.vite.net/trade?symbol=IDNA-000_BTC-000
you can read about the trading mining function here
https://vitex.net/mine

I just created an account there, I only downloaded the Vitex wallet for windows, but this seems interesting because transactions are easier using the application and can access it directly through my laptop, I will read this first to see about mining there whether it is profitable or not

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gost111
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November 27, 2020, 01:04:09 PM
 #1744

On the Vitex exchange for the iDNA/BTC trading pair, the trading mining function was enabled
https://x.vite.net/trade?symbol=IDNA-000_BTC-000
you can read about the trading mining function here
https://vitex.net/mine

I just created an account there, I only downloaded the Vitex wallet for windows, but this seems interesting because transactions are easier using the application and can access it directly through my laptop, I will read this first to see about mining there whether it is profitable or not
Trading mining is actually a small bonus to you for trading operations on this exchange ,and it is certainly profitable if you are trading there or are going to do it ,but everyone decides for themselves whether they need it or not Wink
Tytanowy Janusz
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November 27, 2020, 03:16:45 PM
 #1745

Trading mining is actually a small bonus to you for trading operations on this exchange ,and it is certainly profitable if you are trading there or are going to do it ,but everyone decides for themselves whether they need it or not Wink

There are few bonuses. Some of the coins has volume mining, some of them market making some of them has both. Idena has market making bonus ... it means that you earn by leaving an open order as long as possible in mining range area. Idena is currently in top 5 most traded coins there and has x3 market making bonus - the only coin with such bonus. I hope it will boost liquidity there because despite 1 whale who is placing 0.25 - 1 BTC walls and guys filling his bag with taker orders there is one else.

I have read that, there is a point that we must first reach the 8k - 9k nodes and currently there are still around 4k more nodes connected, so that's only half of the target for sharding. I am sure that the validation date of December 1 will be able to reach more than 5k nodes. Hopefully everything is successful so that sharding can be realized soon.

Wrong. Sharding does not need 8k-9k nodes it will be added as soon as it will be finished. Network need sharding with 8k-9k nodes -> means it won't grow stable without sharding being that big. And sharding is currently in experimental stage, at least it was like that 2 weeks ago -

Quote
Mahmoud, [10.11.20 11:24]
They said that it's on the researching phase

Mahmoud, [10.11.20 11:24]
and they are testing many small prototypes

https://t.me/idena_trading/29993
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November 27, 2020, 03:39:03 PM
Merited by Tytanowy Janusz (1)
 #1746

Wrong. Sharding does not need 8k-9k nodes it will be added as soon as it will be finished. Network need sharding with 8k-9k nodes -> means it won't grow stable without sharding being that big. And sharding is currently in experimental stage, at least it was like that 2 weeks ago -

That is true, for sharding to be implemented we do not need 8-9k nodes, if you are looking at this as litteral as possible.
Developers said that their calculations are that in current state, network can validate 8-9k identities, and that they want network to reach that number or as close as possible to reach maximum validation robustness without sharding. And then to take that model and make shardes of it for maximum network capacity with sharding enabled.

Current limiting factor for number of identites that can be validated, not the number of nodes, that is not the point (especialy now when we have shared node and web validation capability), is the number of transactions that can be packed in blocks during short session. And from there we have that 8-9k limit. But as this is theory, we will see how the new tecnology decentralised blockchain pop network performs in practise. We are the first testing this technology.

I will soon give link to a web validation workflow for people with bad pc/internet, or for people who don't have pc at all, so they can do validation on my shared node. I am hostin shared node on vps with 2 cores 4gb ram, it should be enough for 50 people.
We have given huge potential in bringing in more users, it's partialy up to us to use that. For hardware resources that could run only 2 nodes safely, we now have increase of x25, that is huge in my opinion. It's kind of sharding before sharding.

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November 27, 2020, 04:54:40 PM
Merited by Tytanowy Janusz (2), madnessteat (1), aleix (1)
 #1747

Any idena when sharding & oracle?

Closed alpha testing has started today  Cool






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November 27, 2020, 05:04:47 PM
 #1748

I will soon give link to a web validation workflow for people with bad pc/internet, or for people who don't have pc at all, so they can do validation on my shared node. I am hostin shared node on vps with 2 cores 4gb ram, it should be enough for 50 people.

I kinda missed the moment when it was introduced. Do i get this right? I can run a single node on cheap VPS and allow all my family and friends to use it to validate and mine? Is it safe for both sites (node owner and node users?). Isn't it step forward centralization? If 1 node owner have 50 votes?
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November 27, 2020, 05:18:15 PM
Last edit: November 27, 2020, 06:38:00 PM by realRioda
Merited by Tytanowy Janusz (1)
 #1749

I kinda missed the moment when it was introduced. Do i get this right? I can run a single node on cheap VPS and allow all my family and friends to use it to validate and mine? Is it safe for both sites (node owner and node users?). Isn't it step forward centralization? If 1 node owner have 50 votes?

It was closed alpha few validations ago, like oracles now.
It was introduced as open beta here
https://t.me/IdenaAnnouncements/631

Yes, you can run single shared node for your family and friends, i recommend 2core 4gb as we are still in beta testing, i heard that on that 35 were validated without problem, i will try to test up to 50 next validation

There is guide by Mahmoud on idena forum for full shared node with domain public setup here:
https://discuss.idena.website/d/36-running-your-own-shared-node-step-by-step-tutorial

Here is my own variant you can use to setup local lan shared node(local ubuntu pc or VM) or on vps, but only for close family and friends, because they will make tunnel to connect and will have full access to vps
Its a self installing script + instructions

Web validation and Shared node in LAN setup: (in firefox, hit enter again in url when you have opened link to get you to the guide, must fix it)
https://idena.site/faq_tutorials.php#answer49

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November 28, 2020, 12:37:02 PM
 #1750

Trading mining is actually a small bonus to you for trading operations on this exchange ,and it is certainly profitable if you are trading there or are going to do it ,but everyone decides for themselves whether they need it or not Wink
There are few bonuses. Some of the coins has volume mining, some of them market making some of them has both. Idena has market making bonus ... it means that you earn by leaving an open order as long as possible in mining range area. Idena is currently in top 5 most traded coins there and has x3 market making bonus - the only coin with such bonus. I hope it will boost liquidity there because despite 1 whale who is placing 0.25 - 1 BTC walls and guys filling his bag with taker orders there is one else.
Thank you for the detailed answer and clarification ,I think that this information will be useful to anyone who is not yet familiar with this exchange and wants to trade there, including iDNA  Wink
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November 28, 2020, 05:46:49 PM
 #1751

Thank you for the detailed answer and clarification ,I think that this information will be useful to anyone who is not yet familiar with this exchange and wants to trade there, including iDNA  Wink

Speaking of which. Vitex thinks that all of their users are dumb and don't even know where is order book and last orders. Just take a look at that:



Only buy orders each 7-12 min, 10-30 iDNA (1-3 $ XD) orders on second and third ss. This looks so unreal. But take a look at that. Today one guy created sell order in a way that there is 1 sat spread.



What should happened if normally with 5-15% spread people are making orders each 10 min? They should trade even more with low spread shouldn't they? In fact there was not a single trade in last 7 hours because with 1 sat spread it is impossible for their bot to do fake trades.



Why exchanges cheat in the most stupid way without even taking care of hiding fake trades? Only buy orders with rand 7-10 min delay and 1-3$ order size. Pathetic. They don't even bother to add 3 lines of code to their "add fake volume" algo to make it buy/sell, big/small orders, with more random timestamp
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November 28, 2020, 06:59:08 PM
 #1752

Interestingly, I heard about this proposal earlier, but for some reason I missed it. Of course, idena's proposal looks interesting, but will this feature be real? There are already a lot of identification services and platforms and I really wanted to see how such an opportunity would be implemented in idena. The fact that idena is the first blockchain to take advantage of this opportunity could give the platform a chance of success and make it in demand, provided everything works fine. I think it is worthwhile to study the information about the idena proposal in more detail and, if possible, try out its proposal.
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November 28, 2020, 10:22:40 PM
 #1753

does anyone use My Idena mobile app for validation? is that even possible and how secure it is?
will not have access to my laptop for next validation session, so trying to figure out alternatives, is there any?

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November 28, 2020, 10:45:37 PM
 #1754

why does Idena price not go up when bitcoin price is down, is there any manipulation on the exchange? the price is always sideways in the range of 500 satoshi. how trader can get profit from this ?
I hope that Idena in the near future can add a large exchange so that Idena can be known by many people
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November 29, 2020, 01:43:45 AM
 #1755

why does Idena price not go up when bitcoin price is down, is there any manipulation on the exchange? the price is always sideways in the range of 500 satoshi. how trader can get profit from this ?
I hope that Idena in the near future can add a large exchange so that Idena can be known by many people
That's because idena is a new stable coin and it will soon replace tether

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November 29, 2020, 03:16:10 AM
Merited by casperBGD (2)
 #1756

does anyone use My Idena mobile app for validation? is that even possible and how secure it is?
will not have access to my laptop for next validation session, so trying to figure out alternatives, is there any?

Lot of people report that they have passed validation on my_idena mobile app. No one reported any insecurities.
The question is, do you have node on VPS? If no, my_idena app will not help you.

Alternatives are, install AnyDesk free remote pc software which you can use on your mobile or other pc, to connect to your laptop during validation. Its little tricky you have pinch and zoom, but if you can use other pc to connect to your laptop, experience is great. Test it to see if it fits your needs.

Other option is to export your private key and use it to do validation using web app. For that you need to connect to someone's shared node. Idena developers host shared node but you must contact them over Telegram to get api key to connect to their shared node. Alternative to that is, I will host shared node also and you can contact me over telegram to get api key for connecting to my shared node. https://t.me/realRioda

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November 29, 2020, 06:39:26 AM
Last edit: November 29, 2020, 05:46:28 PM by realRioda
 #1757

Here is a page that will guide you towards doing web validation on my shared node. You will need to contact me on Telegram so i can reserve 1/50 spots for using shared node.

https://idena.site/web/




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November 29, 2020, 08:17:44 AM
 #1758

why does Idena price not go up when bitcoin price is down, is there any manipulation on the exchange? the price is always sideways in the range of 500 satoshi. how trader can get profit from this ?
I hope that Idena in the near future can add a large exchange so that Idena can be known by many people
That's because idena is a new stable coin and it will soon replace tether

why you said that Idena is a new stable coin ? price idena not same like tether, to transfer wallet tether very expensive if you compare with idena is very cheap. idena is a new type of coin the system is Proof-of-Person Blockchain. No money for stake or equipment needed, just an average laptop. You can easily join mining of the first human-centric cryptocurrency at idena.io and share your opinion.
I think Idena is a combination between etherum and stellar
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November 29, 2020, 12:06:14 PM
 #1759

Here is a page that will guide you towards doing web validation on my shared node. You will need to contact me on Telegram so i can reserve 1/50 spots for using shared node.

https://idena.site/web/

thanks for information, I will look into it, and contact you on telegram for a spot, seems exactly what I need, since I do not have a VPS node

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November 29, 2020, 02:07:55 PM
 #1760

That's because idena is a new stable coin and it will soon replace tether

It's a good joke, but in fact the demand for IDNA coins is low today. And as we all know from the laws of economics, the price is determined by supply and demand. When the team launches the oracle and the project finds its application on the market, then we will see the demand for the IDNA coin and therefore the price increase.

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REGIONAL
SPONSOR
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EUROPEAN
BETTING
PARTNER
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