What is Validity (VAL)?

Deep Dive

1. Purpose & Value Proposition

Validity addresses centralized vulnerabilities in digital trust systems through blockchain-based solutions:
- Decentralized Identities (DID): Users control verifiable credentials without third-party custodians
- Governance tools: Supports secure voting systems and document authentication (e.g., contracts, academic records)
- Anti-censorship design: No central leadership/offices, as emphasized in their educational post

2. Technology & Architecture

The network uses a two-tiered structure:
1. Base layer: Energy-efficient PoS blockchain for staking VAL and recording core transactions
2. Smartchain layer: Handles complex operations like NFT minting and DID management while maintaining scalability

3. Tokenomics & Scarcity Mechanics

VAL employs multiple supply constraints:
- Fixed cap: 9 million coins, with 230k permanently lost in an early exchange failure
- Annual decay: Block rewards reduced yearly (0.41→0.40 VAL/block in August 2025)
- Cryptoswap buybacks: Planned DEX will use 100% fees to repurchase/burn VAL (CoinMarketCap article)

Conclusion

Validity positions itself as infrastructure for Web3 trust systems, combining identity management with community governance through deliberate token scarcity and layered architecture. As decentralized platforms face increasing regulatory scrutiny, can Validity’s leaderless model and practical utilities drive adoption beyond speculative use cases?