What is Civic Crypto Currency?A brief description of Civic.
Civic is a decentralized identity ecosystem that allows for on-demand, secure and lower cost access to identity verification via the blockchain. Through a digital Identity platform, users to set up their own virtual identity and to store it along with their personally identifiable information on the device. This information will go through a verification process conducted by the identity validators on the platform and then ported into the blockchain where service providers can access it with the proper permission from the user.
The purpose of Civic
Giving businesses and individuals the tools to control and protect identities, Secure & Protect Identities, Identity Platform, Identity data fully encrypted in the app on the user’s device and can be accessible with biometrics, Public identifier for the authenticating authority, hashed identity data, and a flag indicating the data is still valid, Identity Theft Protection
Civic is building an ecosystem that is designed to facilitate on-demand, secure and low-cost access to identity verification services via the blockchain, such that background and personal information verification checks will no longer need to be undertaken from the ground up every time. Civic also intends to introduce a Civic token, or CVC, that participants in the ecosytem will use to transact in IDV-related services. Civic hopes this ecosystem can reduce the overall costs of iDV, remove inefficiencies, enhance security and privacy, greatly improve user experience and disrupt the current IDV supply chain.
More information can be found in the Civic whitepaper https://tokensale.civic.com/CivicTokenSaleWhitePaper.pdf
Other Civic facts
- Trading symbol: CVC
- Governance: Centralized > Hierarchical
- Open source: No
- Product status: Fully working product
- Consensus method: Proof of work
- Emmission rate: Unknown
- Transactions per second: Unfortunately we don’t have this data available.
- Total Supply: 1,000,000,000
- Release date: 2017-06-21
Usefull Civic links
- Civic’s Website
- Civic pricing data & fundamental Civic information
- Civic’s Website
- Civic official blog
- Civic’s Bitcointalk Forum
- Civic’s Reddit Forum
- Civic’s block explorer
- Civic’s Alexa site stats
- Civic’s official forum: n/a
- Civic’s Github code repository:
- Civic’s roadmap:
- Civic’s team page: https://www.civic.com/about
- Civic’s whitepaper: https://tokensale.civic.com/CivicTokenSaleWhitePaper.pdf