Here it is: the biggest gem since my entrance in 2017 in my opinion is Idena. Its an infrastructure built from scratch by an anonymous team who quote: “We are an anonymous group of like-minded engineers and computer scientists who stand for the human right to share information and exchange value freely and privately. We believe that there is a way to redesign the way software systems in general and blockchains in particular work to achieve greater decentralization and scalability.”

With its built from scratch infrastructure, Idena is proposing new models to tackle centralization problems POW and POS have. As you know bitcoin isn’t really decentralized since the majority of the nodes are owned by a couple big mining pools owned mostly by mining companies. Besides that we see an influx in projects like Libra, NEO , HBAR etc. where a couple of nodes chosen by the founding members are governing the infrastructure. Actually if you look thoroughly at the current market there is no such thing as a completely decentralized blockchain.

Here comes Idena into play with a completely new model, proposing a model in which nodes have to prove they are human, every human can run one node. In order to prove that you are a human, you have to solve puzzles (that take maybe 5 mins) once a week, these puzzles (called flips) are easy for humans and impossible for machines. Once done the puzzles with a score of atleast 80% and up, you are officially a node participating in the Idena infrastructure. Every person gets one node, so decentralization is at a maximum. Everytime you validate yourself, invite new people to join the network, or create puzzles (flips) you get a rewarded in DNA coins.

This new model opens up a complete new world for governance models, use-cases etc. in crypto. A new paradigm is officially created. A paradigm in which we will see more and more crypto startups using the same type of model as Idena. Or even existing projects like Ethereum etc. Incorporating Idena into their infrastructures for more decentralization. This new movement of human-centric blockchains could officially be the new narrative of 2020 with Idena as first-mover.

Besides all these amazing idea’s they are proposing, Idena actually never intended to get listed until Q3 2020, but Qtrade (a U.S.-based digital asset exchange) decided to list it earlier without a listing fee. Idena is still in development, though the current testnet and github code look incredibly promising. I’ve asked a few friends, who are deeply into coding, to review the code for me and they said that its really good. So besides the idea’s this project is proposing, it already has some product you can see/use yourself. Taking also into mind their plans were to get listed in Q3 and they are currently in testnet, so its just a mere beginning of this incredible project.

For more info on Idena, check out the following links:

https://idena.io/IdenaPitchDeck.pdf

https://medium.com/idena/idena-community-report-current-state-and-next-steps-dce97a0e3034