VIDT (Verified Identity Token) is a cryptocurrency and a blockchain-based platform that aims to provide a more secure and efficient way for individuals and businesses to verify and protect digital assets. The VIDT platform uses a proprietary verification protocol called VIDT Datalink, which enables users to secure, verify, and audit digital documents and data.
The VIDT Datalink protocol works by creating a unique fingerprint, or hash, of each digital asset and storing it on the blockchain. This enables users to verify the authenticity and integrity of digital assets, such as certificates, diplomas, invoices, and more, by comparing the hash on the blockchain with the original digital asset.
The native cryptocurrency of the VIDT platform is called VIDT, which is used as a means of payment within the VIDT ecosystem for transaction fees and as a reward for users who contribute to the network through staking and voting. VIDT holders can also participate in the decision-making process for the development of the platform through staking and voting.
VIDT has been listed on various cryptocurrency exchanges, making it easy for users to buy, sell, and trade VIDT. The price of VIDT is determined by market supply and demand and can be affected by various factors, such as the adoption of the VIDT platform, the demand for secure and efficient digital asset verification solutions, and the overall performance of the cryptocurrency market.
The VIDT platform has formed partnerships and collaborations with various blockchain projects and companies, including IBM and DigiByte. The platform aims to provide a more secure and efficient way for individuals and businesses to verify and protect digital assets, enabling them to retain control over their data and protect their privacy.
However, as with any cryptocurrency, there are risks associated with investing in VIDT, such as market volatility and regulatory risks. Investors should conduct their own research and evaluation of the VIDT platform and VIDT token before making any investment decisions.