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Humanode Stock

Humanode

HMND

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Humanode Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
BitMartHMND/USDT0.02798.91299.89316,904.440.02cex2007/9/2025, 6:21 AM
KuCoinHMND/USDT0.021,084.121,777.78131,127.050.01cex2287/9/2025, 6:23 AM
MEXCHMND/USDT0.0286.721,136.8692,644.250cex1067/9/2025, 6:18 AM
BingXHMND/USDT0.02750.71,387.5328,304.360.01cex2147/9/2025, 6:21 AM
CoinExHMND/USDT0.0257.4212.62,245.920cex487/9/2025, 6:23 AM
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Humanode FAQ

{ "q": "about", "a": "Humanode is an independent Layer 1 blockchain built on the Substrate framework, where sybil-resistance is achieved through private, decentralized biometric verification of human existence and uniqueness, rather than relying on Proof of Work (PoW) or Proof of Stake (PoS) mechanisms. A key aspect of Humanode is that each validator node is associated with a single unique human, ensuring that all nodes are equal in terms of validation and voting power, encapsulated by the principle \"1 human = 1 node = 1 vote.\"\n\nThe system employs artificial intelligence to verify the uniqueness and liveness of individuals behind the nodes through various facial recognition modules. This biometric processing is executed privately and in a decentralized manner, ensuring that no Personally Identifiable Information (PII) or biometric data can be restored to its original form.\n\nHumanode's primary objective is to establish a truly distributed, democratic, and sybil-resistant blockchain Layer 1 network, collectively owned by millions of human nodes with equal participation rights.", "rank": "0" }

### What is Humanode? Humanode is a distinctive cryptocurrency project that emphasizes creating a decentralized network of nodes, each controlled by a human biometric identity rather than traditional staking or mining processes. The platform aims to ensure equitable access and prevent monopolization, distinguishing itself in the broader cryptocurrency landscape. For detailed information and insights about Humanode, please refer to Eulerpool.

Humanode (HMND) is an innovative blockchain platform that reshapes the concept of decentralization through the incorporation of human biometrics to achieve Sybil resistance. Unlike traditional consensus mechanisms such as Proof of Work (PoW) or Proof of Stake (PoS), Humanode utilizes biometric verification to ensure each node is managed by a unique individual. This ensures equal voting power for every participant, encapsulated by the principle: "1 human = 1 node = 1 vote." Developed with the Substrate framework and coded in Rust, Humanode employs advanced cryptographic methods to safeguard the privacy and security of biometric data. The system uses AI-driven facial recognition modules to verify the uniqueness and liveness of each participant, ensuring that no personally identifiable information can be traced back to its original form. This decentralized biometric verification process is pivotal in preserving the network's integrity and fairness. Humanode's vision extends beyond mere technical innovation; it seeks to establish a truly democratic financial system. By ensuring equal status for all nodes in terms of validation and voting power, Humanode aims to build a blockchain Layer 1 that is owned and governed by millions of human nodes. This egalitarian approach challenges the current power dynamics in blockchain governance, fostering a more inclusive and distributed network. Currently under development, the project has significant potential to revolutionize blockchain technology. By emphasizing human uniqueness and equality, Humanode sets a new standard for decentralized systems, offering a novel perspective on how blockchain networks can be both secure and democratic.

### What is the Technology Behind Humanode? Humanode employs advanced biometric identification to establish a one-person-one-node network, ensuring a more equitable and secure system. Utilizing cutting-edge cryptographic techniques, the platform verifies the uniqueness of human nodes, thereby preventing the centralization of network control and enhancing overall resilience. For more detailed information and updates, refer to Eulerpool.

Humanode (HMND) distinguishes itself within the blockchain industry through its novel approach to node validation. Unlike conventional blockchains that utilize Proof of Work (PoW) or Proof of Stake (PoS) mechanisms, Humanode implements a private biometric verification system to ascertain that each node is managed by a distinct human individual. This system is built on the Substrate framework, a resilient and adaptable platform for developing custom blockchains. The foundational principle of Humanode is "one human equals one node." This is realized through a decentralized biometric verification process that verifies both the uniqueness and the liveness of each participant. An advanced AI system performs this verification using multiple facial recognition modules. The biometric data is processed in such a manner that guarantees privacy and decentralization, ensuring that no Personal Identifiable Information (PII) or biometric data can be traced back to its original form. Humanode's blockchain is engineered to be sybil-resistant, signifying protection against attacks where a single entity creates multiple false identities to obtain disproportionate influence. By ensuring that each node corresponds to a unique human, Humanode prevents such attacks and upholds the network's integrity. This represents a notable shift from traditional consensus algorithms, where computational power or financial stake can be used to manipulate the system. The decentralized decision-making system, referred to as DAO Vortex, is integral to Humanode's governance. This system facilitates democratic participation, where each human node possesses an equal vote in the decision-making process. This ensures that the network remains genuinely decentralized and democratic, with no single entity exerting undue influence. Humanode's adoption of the Substrate framework furnishes a robust foundation for its blockchain. Substrate is recognized for its modularity and flexibility, enabling developers to tailor various components of the blockchain to fulfill specific requirements. This renders Humanode highly adaptable and capable of integrating emerging technologies and features. Alongside its distinct biometric verification system, Humanode integrates pioneering cryptographic techniques to bolster security and privacy. These techniques ensure that data is safeguarded from unauthorized access and tampering, thereby further enhancing the network's resilience against attacks. The amalgamation of private biometrics, decentralized governance, and advanced cryptography positions Humanode as a progressive blockchain platform. By emphasizing human uniqueness and equality, Humanode endeavors to establish a genuinely distributed and democratic network, where each participant holds an equal stake and voice.

What are the practical applications of Humanode in the real world?

Humanode (HMND) is a blockchain initiative that revolutionizes decentralized finance, trading, and marketplaces through an innovative approach to identity verification and consensus. Departing from traditional blockchain systems that utilize Proof of Work (PoW) or Proof of Stake (PoS), Humanode employs private decentralized biometric verification to ensure each validator is a unique human individual. This model, termed "1 human = 1 node = 1 vote," aspires to achieve authentic decentralization and resistance to Sybil attacks. A primary real-world application of Humanode lies in facilitating the creation and execution of smart contracts via the Ethereum Virtual Machine (EVM). This capability enables developers to construct decentralized applications (dApps) on the Humanode network, capitalizing on its secure and democratic validation methodology. Moreover, Humanode's interoperability with other blockchain networks positions it as a versatile platform for assorted decentralized finance (DeFi) projects. Humanode incorporates Vortex DAO, a decentralized autonomous organization that enables user participation in governance. Through Vortex DAO, community members can propose and vote on amendments to the network, ensuring that the platform progresses in alignment with the collective intentions of its users. This democratic governance model is fundamental to Humanode's mission of establishing a genuinely distributed and equitable blockchain ecosystem. For developers and entrepreneurs, Humanode provides an incubation program, offering support and resources for innovative projects to advance their concepts. This initiative fosters a dynamic ecosystem of dApps and services within the Humanode network. Additionally, the platform’s bug bounty program incentivizes security researchers to identify and report vulnerabilities, thereby strengthening the network's overall security. Humanode includes the Biomapper tool, which delivers private biometric verification, effectively authenticating users' identities without compromising privacy. This is particularly advantageous for applications necessitating secure and reliable identity verification, such as financial services and online voting systems. The BotBasher feature further augments security by thwarting Sybil attacks, where malicious entities create multiple fictitious identities to manipulate the network. Humanode's code and tools are accessible on GitHub, where an expanding community of developers and contributors actively engage in the project's progression. This open-source approach fosters transparency and collaboration, crucial for developing a robust and reliable blockchain platform.

What significant events have occurred for Humanode?

Humanode (HMND) distinguishes itself in the blockchain arena as a distinctive Layer 1 solution that utilizes private decentralized biometric verification to guarantee sybil-resistance. This innovative method replaces traditional Proof of Work (PoW) and Proof of Stake (PoS) systems with a model where each validator node is linked to a unique human identity, ensuring that "1 human = 1 node = 1 vote." A critical moment for Humanode was the release of the Humanode Network node code, establishing the foundation for its decentralized biometric verification system. This release empowered developers and enthusiasts to interact with the network’s primary functionalities, cultivating a community around the project. The development of the Humanode Biomapper marked another significant milestone. The Biomapper is an essential tool that enables the biometric verification process, ensuring that each node is operated by a unique and living human. This development was crucial for the network's goal of attaining true decentralization and sybil-resistance. Humanode's journey progressed with the Mainnet launch on November 15, 2022. This event marked a substantial advancement, moving the project from its development phase to a fully operational blockchain network. The Mainnet launch allowed users to actively participate in the network, validating transactions and contributing to its security and decentralization. Before the Mainnet launch, Humanode conducted a Token Public Offering on October 7, 2022. This event was key for raising funds and distributing HMND tokens to a wider audience, ensuring broad token distribution and fostering a diverse stakeholder community. In 2023, Humanode engaged with its community through various events, including an AMA on Discord on April 19, 2023. This session offered the community an opportunity to engage directly with the team, ask questions, and gain insights into the project’s progress and future plans. On October 20, 2023, a Founder Talk titled "The Forgotten Values of Crypto" was conducted. This event highlighted the philosophical foundations of Humanode, underlining the significance of decentralization, equality, and sybil-resistance in the cryptocurrency domain. Humanode also integrated with Supra, a provider of decentralized blockchain oracles. This integration enhanced the network’s capabilities by facilitating secure and reliable data feeds, essential for various decentralized applications and smart contracts. The ongoing Biomapper Saga campaign series has been another noteworthy event, engaging the community and promoting the adoption of Humanode's biometric verification technology. This campaign has helped raise awareness of the project and its unique approach to blockchain security and decentralization. Humanode achieved various milestones in 2023 and has laid out an ambitious roadmap for 2024. These milestones reflect the project's continuous development and steadfast commitment to creating a truly distributed and democratic blockchain network. The confluence of these key events underscores Humanode's pioneering approach and its potential impact on the blockchain and cryptocurrency landscape.

Who founded Humanode?

Humanode (HMND) distinguishes itself through its pioneering approach to blockchain technology, employing private decentralized biometric verification to achieve sybil-resistance. The project is spearheaded by Dato Kavazi and Victor Paradigm, both of whom possess extensive experience in the blockchain sector and are co-founders of Paradigm, a deep tech research institute. Based in the Cayman Islands, they oversee a team of experienced professionals committed to the project's success. Their objective is to create a genuinely democratic and sybil-resistant Layer 1 blockchain, ensuring that each human node has equal validation and voting power.

Investors interested in Humanode are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.