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VDA

The Verida Network is the first decentralized database network for owning, storing and controlling private data. It has multi-chain interoperability and is built on decentralized identity. It is specifically designed to enable fast commits, advanced security and built-in unlimited scalability.

The Verida network is a self-sovereign “user-pays” model, whereby users pay for their own storage needs. In this way, “access to user data” is not the product, rather the product is the “security and protection” of user data. It requires both developers and storage providers to stake its native utility token, VDA, to participate in the network. The Verida Token (VDA) creates a data economy enabling secure interactions between accounts to facilitate secure data storage, trusted sharing, fast querying and trusted messaging.