Validity
Validity
VAL
#1460
$0.63 USD
-0.95% (1d)Market cap | $3.20M |
Volume (24h) | $97.50K |
FDV | $5.64M |
Vol/Mkt Cap (24h) | 3.05% |
Total supply | $5.11M |
Max supply | $9.00M |
Circulating supply | $5.10M |
Infomation
Website |
$0.63
(-0.54%)$0.66
$0.63
(11.38%)$0.81
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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