This article will aim to explain the basic things about Idena and how to start with Idena for people who are not very familiar with blockchain technologies. If you are already familiar with blockchain technologies, please inform yourself on the official Idena website.
The aim is not to go into too much detail, but explain basic things on how to begin with Idena, so as not to overwhelm you with a lot of information.
Idena is new technology, among many other things, it's a payment processing network that works over the internet. In order for the Idena network to work, it needs people who are part of that network and who are helping to maintain it.
People who are members of the Idena network receive Idena coin reward for their task of maintaining the network.
Like any other currency, like the dollar or the euro, in similar way, you can buy or sell your Idena coins for some other currency. So, no one is paying you, it's just other people are interested in buying your Idena coins from you, and that's how you are getting money. Long story short, you can sell your Idena coins for other cryptocurrencies like bitcoin using websites that are doing exchange services. We'll explain more in detail in some of our next articles.
Take your time to read about this, investigate and decide for yourself. In order for you to start with Idena, no one will ask you for any money, you don't need to invest in something special in order for you to start. You need just a little bit of time, for instance, 1 hour, every 17 days. And the most likely situation is that you already have everything what it is needed, a computer and internet connection.
At the beginning, very little when considering the current price of Idena coin. If you look at this as a monthly income, it will be a small amount. But if you do this as a hobby and keep coins for a longer period of time, let's say until the end of the year, the potential for price growth is quite big and you will be in a position to earn much more if you wait for a higher price and sell then.
Maybe you are not familiar with a story about a man who payed 10 thousands Bitcoins for one pizza slice in 2010.
If we do a calculation with a current Bitcoin price on our hands, that pizza slice costed that man about 400 millions of dollars in today's value.
With that considered, maybe you don't have to wait for millions, but it is most likely that you will benefit more if you wait a bit and try to sell at a higher price later on.
It is very hard to calculate monthly earnings, let's say it's somewhere between $20 at the start and about $70 dollars a month as time goes on.
For you to become a part of Idena network you need to pass validation. Validation is a simple test which takes place once every 17 days exactly at 14:30. Take a look and see how live validation session and flips are solved in a video, recorded by one member of Idena Network.
We can always visit Idena website and double check that information
Next up, you need to think about if you will be available at that time? Can you attend a validation session using your PC or smartphone?
If you are working at some job which does not let you to take a break at that specific time, or you have a class to attend to at your school or college, you will not be able to attend the validation session.
But even in these kinds of situations, people are finding ways to ensure their attendance for the validation session, like this gentleman shown on the picture, he took a short break to "do what needs to be done" e.g. validation session. This picture is from an earlier period, now, he even wouldn't have to go through so much trouble of bringing his laptop with him, nowadays he could attend a validation session by using his smartphone.