What is Humanode Blockchain? How Does it Work?

What's Humanode?

Humanode is the first human-powered crypto-biometric network, where 1 human = 1 node = 1 vote.

Humanode is a new-age decentralized crypto-biometric community that integrates pioneering cryptography with personal biometrics and blockchain technology. The project aims to create a powerful and sustainable decentralized system that's grounded on the existence of unique human beings.

The Humanode project was conceived by the co-founders of Paradigm analysis institute in 2017. They had been one of the many who were optimistic about the Web 3 potential however, at the similar time, had been stumped by the fact that mining cartels and validator oligopolies appeared to dominate the crypto market. Through the use of human biometrics because the stake, the founders of Humanode noticed the potential of creating a very decentralized community of equals.

Humanode permits a variety of new use cases whereas fixing issues with existing ones. 

With Humanode enabling the pseudonymous biometric DIDs tied to various online services, many spheres stand to profit from similar to insurance, financial services that contain credit score, trading, marketplaces, yield farming and many others together with airdrops, healthcare, metaverse authentication and nonfungible token (NFT) ownership.

How does Humanode work?

Humanode is a project that gracefully combines different technological stacks including blockchain and biometrics. 

Humanode tech encompasses a bunch of layers such as a blockchain layer represented by a Substrate module: a biometric authorization module based on cryptographically secure neural networks for the private classification of three-dimensional (3D) templates of users’ faces, a private liveness detection mechanism for identifying real human beings, a Vortex decentralized autonomous organization (DAO) and a financial algorithm named Fath, where financial provide reacts to real value growth and emission is proportional.

Let’s take a look at them in an additional element.

Source: Cointelegraph

Substrate framework

Humanode is a layer-1 blockchain whose architecture lies on the Substrate open-source framework that permits the fast improvement of extremely customized blockchains. Substrate, the brainchild of the Parity team, provides interoperability within the Polkadot and Kusama ecosystems as well as an environment for the creation and deployment of general-purpose or specialized blockchain networks with remarkably assorted parameters and sound capabilities. Being a Substrate-based chain, Humanode advantages from it and from the excessive throughput and scalability inherent to the Polkadot ecosystem. 

Consensus agnostic protocol 

One of the interesting options of Humanode is consensus agnosticism, which is the power to change the network’s consensus mechanism if the Humanode DAO approves it. It derives from the need for fixed analysis on the most appropriate consensus for a leaderless system with equal validation power of nodes. Completely different consensus mechanisms have numerous pros and cons which always change. A swappable consensus mechanism permits the system to evolve and never be limited by a single unchangeable framework. 

EVM-compatible smart-contract layer

On top of that, Humanode is Ethereum-compatible. Due to an Ethereum Virtual Machine (EVM) pallet, Humanode can use present Ethereum improvement instruments and benefit from smart contracts development, supported by a number of common languages including Solidity and WebAssembly. Then again, Humanode can provide private biometric processing and Sybil-resistance to quite a few Ethereum-based decentralized applications (DApps) together with decentralized finance (DeFi) and play-to-earn (GameFi) projects, NFT solutions, DAOs, metaverses and others.

Private biometric search and matching 

As for Humanode’s biometrics stack, it looks as if the privacy and safety of biometric data have been among the most crucial elements of the venture. 

Because of the private classification of photos of users’ faces, the system ensures the pictures’ privacy, performing all operations without the users’ biometrics data having to depart the system. The one system needed to move biometric authentication is a smartphone with a digicam. As soon as users scan their faces, they turn out to be human nodes. The entire course of is private and secure. All the Humanode system cares about is if the consumer is a unique human being, if they're registered and if they're alive. 

Decentralized liveness detection

A method that ensures that the biometric sample is submitted from an actual dwell particular person, a considerable security feature that mitigates the vulnerability of biometric techniques to spoofing attacks, known as liveness detection. Biometric liveness refers to using computer vision technology to detect the precise presence of a dwelling consumer rather than a representation similar to a photograph or a mask, video or screen, a fake silicon fingerprint or other spoof artifacts. 

Biometrics accuracy grew tremendously in the last decade. Presently, the potential of a match between two different individuals is 1 to 125,000,000, and the possibility of spoofing an identity without a real human in front of the digicam is 1 to 80,000. And, these numbers are always bettering.

For its first model of the crypto-biometric identification solution, which makes use of safe enclaves for some parts of the method, Humanode integrates FaceTec’s face biometrics and liveness detection. Humanode’s first testnet was launched in January 2021 and the official testnet 1 with liveness detection and the updated technical stack was launched in September 2021. Since then, there have been extra testnets deployed with more than 10,000 individuals becoming human nodes.

Vortex DAO

Presently, there are three kinds of nodes within the Humanode ecosystem. First, human nodes who've passed biometric authentication and acquired a fraction of the community transaction charges. Then, there are delegators: nodes that decide to delegate their voting energy to so-called governors. Governors are nodes that participate in Humanode’s governance and should meet sure governing requirements. 

Every of those node types forms an essential part of Humanode’s governance DAO named Vortex. In contrast to different tasks, which allow nodes to build up voting energy primarily based on how much capital they've or delegate, the Humanode platform ensures that all nodes are equal in terms of validation and voting energy, bringing true equality between friends in a decentralized environment.

Fath monetary algorithm and rebalancing system

Humanode implements the Fath hypothesis as the basis for the circulation of HMND Humanode token (HMND). Fath is a financial algorithm with a proportional distribution of issued tokens. It's an alternative to trendy fiat credit-cycle financial networks and capital-based public blockchains.