In recent years, the evolution of blockchain technology managed to cross many boundaries and looks to conquer more regions as time goes on. Due to its excellent security and transparency aspects, blockchain technology has become quite a strong tool, especially when it comes to the financial industry.
However, as much it has managed to show its power, there are some issues that need to be taken into consideration.
As of now, getting into blockchain technology might have become way easier than the past, but it still carries the issue of being a challenge when it comes to understanding its overall structure and working, mainly being how to become a part of it and working with decentralized applications (dApps).
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In order for someone to achieve something out of the time, effort and capital they put into blockchain projects, they are required to fully understand it, so that they are protected from harmful entities crawling in the space looking for new prey to devour.
This is where the Humanode blockchain comes into play, looking to solve this particular issue by bringing the fresh concept of a totally human-powered blockchain network. This guide will now discuss what the Humanode blockchain brings and what makes it so special in the space.
In short, the Humanode blockchain is considered to be the newest type of blockchain that is fully human operated through a system called the crypto-biometric network. What this means is that a single person will be considered as a single node in a network and that person will have a single voting right.
This technology is still fairly fresh in the crypto space and appears to revolutionize the crypto space brings fusing together the concept of cryptography, biometric technology and blockchain technology.
The Humanode blockchain concept seeks to develop a solid and long-lasting system that not only follows the idea of decentralization of networks, but also to promote the involvement of humans.
This whole idea was initially introduced back in the year of 2017, brought forth by the people that are now recognized as the founders of Paradigm Research, who had a keen interest in the development of Web 3.0.
However, the thing that seemed to hinder their motivation was the influence over the cryptocurrency market held by several different mining powers and validators that were interested in their own pricing strategies.
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So, to counter these powers, the founders thought about utilizing biometric as staking sources that would lead towards a decentralized network, giving everyone equal rights.
Looking into the use cases this concept brings, as mentioned, the Humanode blockchain network utilizes biometric DIDs into action that are connected to different types of facilities from which users can gain benefits, mainly financial facilities that share aspects like credits, trades, buying selling platforms, yield production, airdropping, non-fungible token validity and many more.
Purpose of Humanode
The main purpose being the use of Humanode is to promote the concept of decentralization, Sybil resistance and also bringing fresh and new governance strategies regarding blockchain tech by utilizing the power of human biometrics.
Looking at the broader spectrum, the Humanode network wants to power up evolutionary and trivial projects in blockchain technology, the cryptocurrency market and financial market as well.
The Humanode blockchain network is considered to be a much different type of concept in comparison to the traditional blockchain networks that are currently operating, strictly powered by consensus programs like Proof-of-Stake (PoS) and Proof-of-Work (PoW).
Note that both PoS and PoW do follow the idea of decentralized networking, but they do not tackle the aspect of power, because they only provide voting power and returns that depend upon the level of investment, level of stake or computational contribution, which develop mining pools and oligopolies in the space.
What separates Humanoid blockchain from these two concepts is that it uses the power of human biometrics, mainly facial scans, merged together with the ideas of proof-of-uniqueness and proof-of-existence. What this does is that it helps to establish a decentralized network that is ready to tackle any hackers that are looking to target various platforms.
The Sybil attack is mostly notorious for targeting peer-to-peer networks by using several different counterfeit digital profiles, crypto or even nodes. Through the use of biometrics, the Humanoid networks makes sure that every network participant is true and has a proper unique identification.
The network contains human powered nodes that are formed by using the power of crypto-biometric systems that merges together cryptographic verification with liveness recognition systems, which confirms if the node is a human operator or not.
Tackling Sybil and promoting equality among all nodes, the Humanode blockchain is built to ensure that all node operators are human, have equal voting force and receive equal returns, bringing forth a truly fair peer-to-peer network that follows the best of democracy.
The main idea behind Humanode has been discussed in the previous sections, however in this section, a much deeper dive will be made onto how all this manages to work out. As a base, it is clear that the Humanode network comprises of various technical aspects like blockchain and biometric technology.
Additionally, the Humanode network comprises of multiple different levels that include the Substrate framework, which is a biometric verification system that is powered through neural networks that are solidified using concepts of cryptography in order to classify 3D facial scans, a liveness recognition system to figure out if the nodes are humans, the vortex decentralized autonomous organization (DAO) and a program named Fath in which monetary supply works in conjunction with capital gain.
These levels are discussed in further detail as follows.
- Substrate Framework
The main structure behind the Humanode blockchain is located over the Substrate framework. This framework is not only open source but also helps to develop flexible blockchains at a rapid pace.
Substrate, introduced by the workforce at Parity connects the systems of Polkadot and Kusama, while also providing a region for the development and launch of various blockchains that carry different aspects and functionalities.
Because the Humanode blockchain has Substrate behind it, it takes advantage of the perks that come with it, delivering a level of scaling and large throughput that is similar to Polkadot.
- Consensus Agnostic Protocol
This type of protocol allows the network to switch consensus algorithms through permissions provided by the Humanode DAO. This removes focusing time and energy towards a singular consensus that is best for spreading equally distributed force of nodes, thereby also removing the need for a governor.
There are several different consensus ideas that have different perks and flaws and are always subject to change. Switching between consensus concepts is an excellent way for the system to adapt and develop accordingly without having to worry about following a singular consensus.
- EVM Supported smart Contracts Layering
Another feature of the Humanode network is that it is supported by the hugely popular Ethereum network. Because of this, Ethereum Virtual Machines (EVMs) can be accessed and Humanode is then able to utilize Ethereum powered tools to benefit from smart contracts which are developed using various different languages, trending ones include Solidity and WebAssembly.
Subsequently, the Humanode network can bring its perks like Sybil countering and biometric handling to thousands of Ethereum-powered dApps spread across various categories like Decentralized Finance (DeFi), GameFi, NFT, DAO, Metaverse and more.
Ethereum is still considered as the most used network, despite its token price valuation sitting at the second position, behind Bitcoin.
- Personal Biometric scanning
Taking the various levels of the Humanode network into consideration, the safety and security of confidential biometric information is considered to have the highest level of importance.
Humanode has a private system of image classification of different humans, making sure that scans are safe and can be used to power several functionalities, while maintaining that information inside the walls of the device being used.
The most common device can be a smartphone that has a camera with it. After facial scans of users are taken, they are then assigned their node positions, and all of this happens at the backend without anyone peeping. The only thing this sort of system needs to take care of is that user scans are unique and the user behind the node is a living person.
- Decentralized liveness Spotting
This concept focuses on making sure that the biometric data and facial scans are of an alive and well living individual. This sort of biometric verification is extremely necessary, especially to tackle issues like spoofing.
This system uses the power of computer vision to figure out the living status of an individual, without having to refer to other sources like pictures, videos, fingerprints or any other type of source that can be used to fuel spoofing techniques.
With the passage of time, Biometric verification has also become extremely potent and strong. According to sources, the chance of a biometric matching between two individuals stands between 1 to 125,000,000. This might seem impressive already, but with the advancement of technology, this will become even better.
Humanode takes advantage of the biometric and liveness spotting systems powered by FaceTec. The initial testnet for Humanode was released back at the start of 2021 and the testnet 1 having the features of liveness spotting and the latest technical layers was introduced in the mid of 2021 with more testnets being launched after wards.
As of now there are around 10,000 different individuals that have been given the opportunity to become nodes and this number of nodes continues to grow as more individuals gain the interest to participate in it.
- Vortex DAO
In its current state, three types of nodes exist, the first being the human nodes, the second are the delegators that provide voting opportunities and the third one being the governors that are involved in the governance of Humanode, however they are selected based on some specific conditions only.
All three types of nodes follow the governance DAO of Humanode called Vortex. Compared to other entities that provide voting power depending upon valuation, Humanode gives every node the equivalent level of verification of voting capability, developing a truly uniform peer-to-peer system that is also follows decentralization.
- Fath Value Program
Humanode implements an algorithm called Fath that is responsible for the movement of its native token HMND. Fath makes sure that tokens are equally distributed to those that have earned them.
About Crypto biometrics
In order to maintain the best level of security for private user information that is present in a worldly distributed network, the systems used to secure the data should be really strong as normal encoding does not do much.
As mentioned before, Humanode uses a crypto-biometric system that is basically a fruit punch of different types of security techniques involved in aspects such as data security, biometric verification, liveness proving, zk proofing, homomorphic encryption also blockchain tech.
Every single person looking for a node position must prove their existence through a three-dimensional scan that is done through video feed and once the 3D vector is secured, the personal keys are generated, giving the user the go for a node position.
Whenever any node performs a login operation, a biometric verification also takes place, doing a one-to-n function that runs at the backend and due to it zk proofing, only data regarding user registration is moved around for checks.
Different aspects of Humanode
Although these aspects might have been mentioned in the previous sections, however this section compiles them in a much more ordered manner. Humanode boasts quite an impressive number of aspects that help it to complete its intended operation.
Firstly, comes Sybil countering through which Humanode performs biometric validation and liveness spotting, so that it is made sure that the network is functional through living human nodes. Each individual can have only one profile and one vote, same power and same returns, thereby promoting equality.
Then comes the use of decentralized identities (DIDs), to help each and every user have complete power over their private information. This data is fully secure through encryption and is also decentralized, as blockchain technology is at the base of it. The crypto-biometric system is also much easier to implement by the use of Application Programming Interfaces (APIs).
Additionally, registered users having completed their biometric verification are allowed to utilize the network without revealing themselves, providing an excellent level of privacy, which is also further boosted by the fact that the user’s personal information does not travel beyond the device being utilized.
Devices like a smartphone or personal computer can be used, as long as it has a functional camera with it, making room for a massive user base.
Furthermore, since Humanode has substrate on its side, it is support by the Ethereum networking, brining a plethora of opportunities to a large base of both users and developers that are looking to either take advantage of the system or develop various unique types of applications and solutions on it.
And lastly, comes the cost-based charges system which works on transactional charges in USD and promotes true utilization of resources. Pegging USD makes sure that the volatility levels surrounding the native token of Humanode HMND is not impactful towards the costs of resources and presents a solid use case, having minimal problems.
The Fusion of Blockchain and Biometrics
The fusion of biometric and blockchain technology certainly brings a lot of new and undiscovered opportunities for both users and developers across the technical space. Not only will this bring a far superior level of security and verification but will also help to make life a bit easier.
Being much different to other types of blockchain networks that use power and money to present governance, the features and solutions provided by Humanoid not only drive away this power and money-based governance concept but helps bring forth a truly decentralized and democratic system that spreads the equivalent amount of power and rewards among all user nodes in the network.
Systems that powered by both biometric and blockchain technologies are surely capable of introducing new and unique decentralized human-governed security levels and financial spaces, helping to stimulate a future that has equality, security and fairness in mind.
What Humanode offers is surely something that is unique and special when it comes to having the chance to participate as a node in the network.
Humanode’s features are truly very special and bring a true level of security, decentralization and democracy towards node participation. Every node on Humanode has equal voting rights and returns, making it a very fair network and attractive network to hold onto.
Despite the current popular networks running on the bases of power and valuation, Humanode is a fresh take on blockchain networks that can surely revolutionize both the crypto and the technological industries in a way that is protected and that promotes equality among all of its user base, while also giving developers the chance to come up with new and unique solutions.