Civic
| Last updated | 9 minutes ago |
| Price per CVC in USD | $ 0.039034483990281 |
| Price per CVC in Bitcoin | 0 |
| Volume over the last 24 hours | $ 4,573,059 |
| Market cap in USD | $ 39,034,484 |
| Change in % over the last hour | 0.1675653 |
| Change in % over the last 24 hours | -1.98617668 |
| Change in % over the last 7 days | -11.79794575 |
CVC specifications
| Name | Civic |
| Symbol | CVC |
| Minable | No |
| Algorithm | N/A |
| Prooftype | N/A |
Coin description
Civic is a blockchain-based identity verification platform that aims to streamline the process of proving one’s identity online. It eliminates the need for repetitive KYC (Know Your Customer) checks by securely storing verified credentials on the blockchain. Users retain control over their personal information and can share it selectively with service providers, enhancing privacy and convenience.
Civic Privacy-Focused Identity Solutions
By decentralizing identity management, Civic reduces the risk of data breaches associated with centralized databases. Its native token, CVC, is used to incentivize validators and pay for identity-related services, creating a self-sustaining ecosystem focused on enhancing privacy and reducing fraud. For instance, users can verify their identity once and then reuse that verification across multiple platforms without having to resubmit sensitive documents.
Civic's approach not only benefits individuals but also businesses, which can save time and resources by relying on pre-verified identities. This system is particularly valuable in industries like finance, healthcare, and e-commerce, where identity verification is crucial. By leveraging blockchain technology, Civic ensures that personal data remains tamper-proof and verifiable, setting a new standard for digital identity management in an increasingly connected world. Keywords like blockchain-based KYC and secure digital identity are closely tied to Civic's mission.