1H
-0.50%$0.0005
24H
1.10%$0.0010
7D
0.48%$0.0004
30D
-10.6%$0.0110
Civic (CVC) is a decentralized identity ecosystem, allowing the request to verify the identity of the user safe and cost-effective way, which became possible thanks to the blockchain technology. Using the digital identification platform, the user can create his / her own virtual identity and store it together with personal information on the device. CVC is an Ethereum-based token that is used by service providers to obtain information about the user. Therefore, organizations use the CVC token as a means of payment. The system of smart contracts further provides for the transfer of funds from service providers to validators and owners of individuals (users). Civic CVC tokens will be used to perform transactions in services associated with IDV. CVC paid by the transaction is distributed to the validator and the user as a reward for sharing information. The more use for CVC, the more valuable the tokens are.
Decentralized apps are the innovation that is driving the world right now, and there are no signs that this trend will stop at any point in the future. Find everything you might need to know about this kind of apps in this guide.
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