Crypto Talks

  If you have an old computer or a server in your house, you can use it as a host for all the family idena nodes. At least that is what I do. This article is a step-by-step guide on how to set things up. Things to do on the computer where nodes will be hosted Download idena client with built-in node and install it Open Client, from the left pane, choose Settings , select Node tab, and then turn off Run built-in-node Open command prompt by entering cmd in the search box Enter command ipconfig to list IP configuration of the computer and write down the private IP address of your computer. It will be labeled as IPv4 Address Depending on the connection type, title of the section will be Wireless LAN adapter Wi-Fi if your computer is using WiFi connection, or Ethernet adapter Ethernet if it is using a LAN cable connection. Open folder where your node is installed. It is located in C:\Users\[USER]\AppData\Roaming\Idena\Node (Just replace [USER] with a username of logged in Windows...

  What is Idena? Idena is a proof-of-person blockchain, where each node represents one person with equal voting power. Is this a tool for a perfect democracy? Sounds like they are trying to achieve that. Nowadays, we hear stories about rigged elections all around the globe. And who knows what is true and what is not with all the media manipulations and all those centralized systems being in control. Things that are controlled by one entity are easier to manipulate. The guys behind Idena are building a truly decentralized anonymous worldwide democratic community. How does it work? To achieve that ambitious plan, they have to meet some standards. So the question that first comes to mind is how they can make anonymous democracy? You need to prove that you are a real human being. Is it possible to do it anonymously? They have to have proof that behind each vote there is one and only one person. They do that by doing monthly ceremonies where each identity has to prove that he or she is ...

What is PI Network? Pi network at the moment is nothing more than a social network with a plan to grow into a cryptocurrency in the future. It is a project started by three Stanford PhDs with an idea to build a mass adopted cryptocurrency. In order to make it mass adoptable, they had to make it easy to use. Everybody has a smartphone nowadays, so what is a better way to bring people on board than to make a coin that is minable by a phone? No need for buying expensive rigs and no need for the techie knowledge in order to set everything up, just a regular smartphone. And they are doing pretty well so far, a month ago they reached a milestone of 10 million active users! So how mining actually works? Didn't I write that PI Network isn't cryptocurrency yet? So what is being mined? And how a smartphone can replace expensive rigs with tons of processing power? The answer is simple, you are not mining anything. Most minable cryptocurrencies use miners to validate transactions, PI on th...