How do you feel about Validity today?

Today's VLDT price

The 24-hour trading volume is $-. The latest VLDT price is $0.00000457, based on the most up-to-date USD market data. Validity is +0% in the last 24 hours with a circulating supply of -.

VLDT price history (USD)

What is Validity?

Validity (VAL) stands out in the cryptocurrency landscape with its dual-layered architecture, combining the Validity blockchain and the Validity Smartchain. The Validity blockchain operates on a proof of stake (PoS) consensus algorithm, allowing users to stake their VAL coins in the Validity wallet. This staking process not only secures the network but also rewards participants with additional VAL coins. Diving deeper, the Validity Smartchain serves as a second layer atop the primary blockchain, enhancing scalability and offering advanced utilities. These utilities, payable with VAL, encompass a wide range of applications such as Decentralized Identities (DID), Non-Fungible Tokens (NFTs), Social and Reputation Tokens, File Signing and Verification, and Decentralized Elections and Voting. In the broader context of cryptocurrency, validity refers to the legitimacy and trustworthiness of transactions and data on a decentralized platform. This ensures enhanced security, productivity, and transparency. However, potential drawbacks include price volatility, lack of legal protections, and reliance on trusted intermediaries. The decentralized nature of the Validity network, combined with its PoS consensus, underscores its commitment to security and efficiency. Users can engage with the network through staking, thereby contributing to its robustness and earning rewards. The Smartchain's advanced utilities further position Validity as a versatile player in the blockchain ecosystem.