Validity PriceVAL

What is Validity (VAL)?

Validity (VAL) is a cryptocurrency and blockchain platform built around a layered technology stack designed for real utility, long-term security, and organic adoption. The project was originally launched on May 25, 2015 under the name RadiumCore before rebranding to Validity. At its core, Validity operates as a Proof of Stake entity specializing in data and identity validation, verification, custom assets, decentralized voting, and elections. The platform is composed of two main layers: the Layer-1 Validity blockchain, which secures value and processes financial transactions, and the Validity SmartChain, a layer-2 solution that handles non-financial applications such as decentralized identities, file verification, voting, and proof of ownership. The native VAL token serves as the primary medium of exchange, utility, and governance instrument within the ecosystem. With a maximum supply of 9,000,000 VAL, the asset is deflationary by design. Validity is listed across multiple price tracking platforms with a reported circulating supply of approximately 5.1 million VAL and a fully diluted valuation in the range of $4.32 million to $4.4 million.

Key Specifications & Tokenomics

• Name: Validity
• Ticker / Symbol: VAL
• Consensus Mechanism: Proof of Stake
• Category: Platform
• Industry: Platform / Governance, Identity, Security
• Launch Date: May 25, 2015 (previously RadiumCore)
• Max Supply: 9,000,000 VAL
• Circulating Supply: Approximately 5,101,014 VAL
• Total Supply: Approximately 5,105,175 VAL
• Fully Diluted Valuation: Approximately $4.32M – $4.4M
• Mineable: No
• Premined: No
• Deflationary: Yes, due to capped maximum supply
• Official Website: https://validitytech.com/
• Whitepaper: https://validitytech.com/wp-content/uploads/2024/04/CURRENT-whitepaper-pdf.pdf
• Block Explorer: chainz.cryptoid.info
• CoinMarketCap ID: 1154

Who created Validity?

The Validity project is developed and maintained by a team comprising nine members. Justin Jacobeen serves as the blockchain architect, bringing experience as a software developer with a background in mining. The project originated in 2015 under the RadiumCore name, and its current whitepaper was published in April 2024. Detailed public information about the full team roster and organizational structure is currently limited. The project maintains an official website at validitytech.com where further information about the platform and its development may be available.

How does Validity work?

Validity operates on a layered architecture that separates financial and non-financial functions. The Layer-1 Validity blockchain is responsible for securing value and processing financial transactions using a Proof of Stake consensus mechanism, which allows token holders to participate in network security by staking their VAL tokens. The second layer, the Validity SmartChain, is designed to handle data-centric and non-financial applications. It contains all the functions and validation information required for Validity's non-financial use cases, including decentralized identity verification, file verification, voting mechanisms, and proof of ownership. The SmartChain ZeroClient provides an interface for interacting with these non-financial applications. This dual-layer approach allows Validity to serve both as a medium of exchange and as a platform for validation and verification services. The VAL token functions as the primary medium of exchange, utility, and governance instrument throughout the entire ecosystem.

What makes Validity unique and valuable?

Validity distinguishes itself through its focus on data and identity validation rather than purely financial applications. The platform's layered architecture enables a wide range of use cases beyond simple transactions, including decentralized identities, file verification, voting, elections, and proof of ownership. This positions Validity in the governance, identity, and security categories of the cryptocurrency market. The SmartChain ZeroClient provides a specialized interface for non-financial applications, which is a relatively uncommon feature among blockchain platforms. Additionally, the deflationary nature of VAL, with a maximum supply capped at 9 million tokens and no premine, may appeal to investors seeking assets with limited inflation. The project has been in development since 2015, giving it a longer operational history than many newer blockchain platforms. The VAL token's role in governance also allows holders to participate in decisions about the platform's future development.

What is Validity used for?

The VAL token serves multiple functions within the Validity ecosystem. Primarily, it acts as a medium of exchange between users on the network. Token holders can stake their VAL to help secure the network and potentially earn additional rewards through the Proof of Stake consensus mechanism. In terms of governance, VAL holders may have the authority to vote on critical decisions concerning the platform's development and direction. Access to certain features of the Validity platform may also require holding or spending VAL tokens. Beyond the token itself, the Validity platform is used for data and identity validation and verification, the creation and management of custom assets, decentralized voting and elections, decentralized identities, file verification, and proof of ownership. These use cases are primarily enabled through the Validity SmartChain and the SmartChain ZeroClient, which together form the non-financial application layer of the ecosystem.

How Is the Validity ecosystem developing?

The Validity ecosystem is built around its layered technology stack, with ongoing development focused on both the Layer-1 blockchain and the SmartChain. The project published an updated whitepaper in April 2024, indicating continued active development. The platform supports a range of applications including decentralized identities, file verification, voting, and proof of ownership, which are enabled through the SmartChain and SmartChain ZeroClient. VAL is currently trading on 24 active markets, with popular conversion pairs including VAL to AUD, BRL, CAD, EUR, GBP, HKD, RUB, SGD, TWD, and KRW. The token is also available for swapping via Onchain, a decentralized product. Technical analysis sentiment for VAL has shown varying levels of Greed and Neutral readings across different timeframes. The project maintains an official website and block explorer for community access and network transparency.

How to mine Validity?

Validity (VAL) is not a mineable cryptocurrency. According to available information, the asset is neither mineable nor premined. Instead of traditional mining, Validity utilizes a Proof of Stake consensus mechanism. This means that network security and transaction validation are achieved through staking rather than computational mining. VAL token holders can participate in the network by staking their tokens, which helps secure the blockchain and may allow them to gain additional rewards. The Proof of Stake model is generally more energy-efficient than Proof of Work mining and aligns with Validity's focus on long-term security and organic adoption. Users interested in supporting the network should acquire VAL tokens and participate in the staking process according to the platform's guidelines.

How to keep your Validity Coin safe?

Keeping your VAL tokens safe requires following standard cryptocurrency security practices. Since Validity is a cryptocurrency token, it can be stored in compatible wallets that support the VAL asset. Users should ensure they use reputable wallet solutions and always verify the authenticity of any wallet software before downloading. For long-term storage, hardware wallets that support VAL or the underlying blockchain may provide enhanced security by keeping private keys offline. It is important to never share private keys or seed phrases with anyone, and to enable two-factor authentication where available. When interacting with the Validity network or any decentralized applications, users should verify contract addresses and platform URLs to avoid phishing attempts. Regularly updating wallet software and being cautious of unsolicited offers or communications can further help protect your holdings. As with any cryptocurrency investment, users should also consider the market risks and volatility associated with VAL.