  The advent of blockchain technology has led to a massive wave of different
decentralized ledger technology (DLT) solutions. Such projects as Bitcoin and
Ethereum have shifted the paradigm of how to transact value in a decentralized
manner, but their various core technologies have their own advantages and
disadvantages. This paper aims to describe an alternative to modern
decentralized financial networks by introducing the Humanode network. Humanode
is a network safeguarded by cryptographically secure bio-authorized nodes.
Users will be able to deploy nodes by staking their encrypted biometric data.
This approach can potentially lead to the creation of a public, permissionless
financial network based on consensus between equal human nodes with
algorithm-based emission mechanisms targeting real value growth and
proportional emission. Humanode combines different technological stacks to
achieve a decentralized, secure, scalable, efficient, consistent, immutable,
and sustainable financial network: 1) a bio-authorization module based on
cryptographically secure neural networks for the private classification of 3D
templates of users' faces 2) a private Liveness detection mechanism for
identification of real human beings 3) a Substrate module as a blockchain layer
4) a cost-based fee system 5) a Vortex decentralized autonomous organization
(DAO) governing system 6) a monetary policy and algorithm, Fath, where monetary
supply reacts to real value growth and emission is proportional. All of these
implemented technologies have nuances that are crucial for the integrity of the
network. In this paper we address these details, describing problems that might
occur and their possible solutions. The main goal of Humanode is to create a
stable and just financial network that relies on the existence of human life.
