Civic is a blockchain-based identity management solution that provides individuals and businesses with tools to control and protect personal identity information. By leveraging distributed ledger technology, Civic facilitates secure and efficient identity verification processes.
Civic operates on the Solana blockchain, employing a proof-of-stake consensus mechanism for increased efficiency and scalability. It utilizes advanced cryptography to encrypt and secure personal identity information. Smart contracts are used to automate interactions and transactions within its ecosystem, managing identity verifications, and aligning participant incentives.
Civic enables identity verification across diverse sectors including decentralized finance (DeFi), supply chain management, healthcare, and online services. It addresses the need for secure identity verification, helping reduce fraud and ensuring regulatory compliance. Applications extend to securing and verifying identities in social media platforms, gaming, and governance systems.
Civic was co-founded in 2015 by Vinny Lingham and Jonathan Smith with the vision of simplifying identity verification using blockchain. It launched its token (CVC) through an ICO in 2017, raising significant funds to develop its technology. Over time, Civic has expanded its technological stack and use cases, notably integrating with the Solana blockchain to enhance its capabilities and market presence.
The Civic price is $0.22358665 AUD, representing a -6.18% from the day prior.
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The trading volume of Civic (CVC) is $20.8M AUD in the last 24hrs, representing a -6.18% from the day prior.
Civic (CVC) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
The current market cap of Civic (CVC) is $179.5M AUD.
Yes - With Coinstash you can convert your Civic (CVC) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
The current circulating supply of Civic (CVC) is 802.0M.
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