What is VIDT Datalink (VIDT)?
VIDT is the native token of VIDT Datalink, which is a blockchain-based data verification network. You can check the current VIDT price on the VIDT Datalink price chart above. The main goal of the project is to provide users with a secure data certification process by employing blockchain technology. Besides, it aims to safely and privately store digital data, while at the same time preserving records about its origin and ownership changes.
How Does VIDT Datalink Work?
The project's API allows users to upload their encrypted files into the blockchain. The VIDT API supports all major programming languages such as Python, JS, and Java. Every type of data registered on the VIDT Datalink network gets its own hash, which is stored on the blockchain. The fact that the data stored on the blockchain is encrypted ensures GDPR compliance and privacy.
Thus, various companies usually choose VIDT to safeguard their intellectual property and make it easier to sell digital assets through quick and affordable transactions. Companies or individuals that upload data to the VIDT Datalink network are referred to as publishers. The types of data that can be uploaded include digital art, documents, invoices, sensor data, and so on.
In addition to that, apart from uploading data, VIDT Datalink can be used to develop digital assets, NFTs, and timestamps. A timestamp is a piece of encoded data that indicates the date and time of an occurrence. To ensure that the integrity of documents like diplomas, certifications, and software can always be checked, VIDT Datalink enables companies to timestamp them in one or more blockchains.
Besides, it’s important to note that VIDT Datalink employs hybrid anchoring technology, which is a process that allows users to add data to the blockchain by utilizing special scripts. This technology functions through the use of smart contracts.
Use Cases of VIDT Datalink Tokens
VIDT tokens come in two formats – BEP-20 and ERC-20. The primary use case of VIDT Datalink coins is to cover any payments that occur within the platform. Thus, they are the driving force of all transactions and processes that happen on the VIDT Datalink network.
Don’t forget to see the live VIDT price featured above.
Tokenomics of VIDT
The max supply of VIDT tokens is 58,501,137. 29.19% of the total supply was dedicated to public and the private VIDT sale. The remaining portion was distributed between the team and advisors, as well as set aside for the validation pool, further ecosystem development, and the bounty program.
If you’re thinking about buying VIDT Datalink tokens, make sure to thoroughly analyze the VIDT price chart. This is important because the VIDT Datalink price is prone to change. Thus, if you determine the main trends in its changes, you’ll be able to make more informed purchasing decisions.
Who Founded VIDT Datalink?
The VIDT Datalink crypto project was founded by Marnix van den Berg, Pim Voets, and Ceciel van Helden in 2018. Initially, the project was known as the V-ID service. The founders have been working on this project since 2003.
