Validity
Validity
VAL
#1431
$0.62 USD
-2.59% (1d)Market cap | $3.14M |
Volume (24h) | $22.53K |
FDV | $5.54M |
Vol/Mkt Cap (24h) | 0.72% |
Total supply | $5.11M |
Max supply | $9.00M |
Circulating supply | $5.10M |
Infomation
Website |
$0.62
(-3.28%)$0.68
$0.62
(-10.95%)$0.72
The Validity technology suite has 2 main components: The Validity blockchain and the Validity Smartchain.
The Validity blockchain is a decentralized network that uses a proof of stake (PoS) consensus algorithm. People can stake their VAL coins in the Validity wallet and receive VAL coins as a reward for helping secure the network.
The Validity Smartchain is a second layer built on top of the Validity blockchain. It helps with scaling and provides advanced utilities. VAL is used to pay for these utilities which include: Decentralized Identities (DID), Non Fungible Tokens (NFTs), Social and Reputation Tokens, File Signing and Verification, Decentralized Elections and Voting, etc.
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