Following the meteoric rise of Bitcoin as a cryptocurrency, an incredible number of other altcoins that serve a specific niche were developed. Also, they were equally a good option for inventors’ portfolios.
Civic Coin is one of the newest innovations that promise to offer AI-powered identity verification, and it’s unique regarding its technology and use. If you’re wondering if Civic Coin is a good investment for your financial portfolio, keep reading. In this article, we cover some of the most important aspects of the virtual currency.
What is Civic Coin?
The Civic coin is the token featured on the Civic identification protocol, and it gets exchanged during the identity verification process. More specifically, the cryptocurrency utilizes blockchain technology in a unique way in order to offer a secure identification process, directly at the points where it is accepted. Blockchain technology is regarded as a highly secure decentralized and peer-to-peer-based database. Therefore, this process won’t take a lot of time and will be completed in a secure way for both parties.
In comparison, data breaches have become more common because the data about the users is stored in a centralized database. Hence, the blockchain-powered cryptocurrency solves this problem for organizations, and they offer maximum protection of the sensitive data of the users.
In case you’re interested in finding out more about CVC, on this reliable platform, you can read about investing in Civic coin (CVC). You will have a better understanding of CVC coin and how you can obtain CVC.
Main Advantages of CVC
CVC tokens are used to validate the user’s identity without the user providing any contact information like its email address. However, you will need to provide documentation to prove your identity when you’re registering on the Civic platform. Otherwise, businesses will also find CVC coin beneficial as a decentralized identity management service because it prevents the likelihood of identity theft and it enhances the security of the verification process.
For example, if you have an e-commerce site, you can simplify the KYC process and decrease the costs if you implement CVC coins. Other establishments that will benefit from CVC coins are banks, major financial institutions, and online businesses. It’s also worth mentioning that the CVC coin is based on the Ethereum blockchain network, which is another proof that this is a highly secure cryptocurrency.
CVC Coin Trading and Total Supply
When it comes to online trading, investors will be glad to know that this cryptocurrency is accessible on over 20 exchange sites. This is a good number, especially since the CVC coin was initially launched in 2017. It’s worth noting, CVC Coin was designed to be obtained on exchange platforms, and it cannot be obtained through the crypto mining process. Therefore, you can buy CVC coins on certain trading sites.
Regarding its total supply, there is a limited supply of CVC tokens of 1 billion CVC, while approximately 670 million CVC are available on the crypto market in 2021. Furthermore, CVC coin is supported by most crypto wallets, especially wallets that already support Ethereum, so you have plenty of options when it comes to investing and storing the CVC Coins.
CVC coin a great innovation that will enhance the security of online businesses and also help users protect their sensitive data online. In addition, it is based on an advanced blockchain network that is also associated with Ethereum. This is why Civic coin it’s gaining traction in 2021, and there are many safe trading sites where you can buy and sell CVC coins for other fiat and virtual currencies.
Interesting related article: “What is Ethereum?“