VIDT Datalink

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Discover VIDT Datalink's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is VIDT Datalink?

VIDT Datalink (VIDT) is an Ethereum-based cryptocurrency that leverages blockchain technology to ensure the integrity and authenticity of digital data. It provides a decentralized platform for timestamping and verifying digital assets, documents, and information, making it a critical tool for maintaining trust in the digital age. VIDT is deployed on both Ethereum and BNB Smart Chain, and its utility token is used for validation transactions.

How is VIDT Datalink used?

VIDT Datalink (VIDT) is a cryptocurrency used for timestamping and verifying digital documents on the blockchain. Here's how it works:

  1. Timestamping: VIDT is used to timestamp digital documents, ensuring their authenticity and integrity. This process involves creating a hash of the document and storing it on the blockchain, making it immutable and tamper-proof.

  2. Verification: The VIDT Utility Token is used to facilitate the verification process. Each timestamp requires at least one VIDT token, which enables holders to timestamp and verify their documents securely.

  3. Decentralized Platform: VIDT DAO is a decentralized platform that allows users to create timestamps, non-fungible tokens (NFTs), and register digital assets such as certificates, sensor data, and firmware. This platform is open-source and compatible with major programming languages, making it accessible to a broad range of users.

  1. Real-World Applications: VIDT has been successfully implemented in various industries, including education, supply chain management, and manufacturing, to ensure the authenticity and provenance of digital data.

  2. Token Usage: The VIDT token is used in transactions to record the file hash, timestamp, and blockchain address. This ensures that all transactions are secure, transparent, and tamper-proof.

In summary, VIDT Datalink is a cryptocurrency that powers a decentralized platform for timestamping and verifying digital documents, ensuring their integrity and authenticity across various sectors.

How do I store VIDT Datalink?

To store VIDT Datalink (VIDT) tokens, you need to choose a reliable crypto wallet. Here are the steps to follow:

  1. Choose a Crypto Wallet: Select a wallet that works well in your area, accepts your payment method, and follows your preferred policies. Popular options include Coinbase Wallet, MetaMask, and TrustWallet. You can download the wallet extension on Google Chrome or the wallet app from the iOS App Store or Google Play.

  2. Set up Your Wallet: Create an account by providing your personal information and selecting a strong password. You will be given a Secret recovery phrase or Seed Words, which are crucial to note down accurately in case you lose your wallet.

  3. Types of Wallets: For beginners, hot wallets are recommended for quick and online payments. For more security, cold wallets are suitable for storing large amounts of crypto over a long time, as they are not connected to the internet.

  1. Free Wallet Options: You can also use free wallet apps like Noone, which supports over 1200 coins and tokens and offers 24/7 support.

By following these steps, you can securely store your VIDT Datalink tokens.

How to buy VIDT Datalink?

To buy VIDT Datalink (VIDT) tokens, follow these steps:

  1. Choose a Crypto Wallet: Select a reliable crypto wallet that supports VIDT Datalink trading, such as Coinbase Wallet, MetaMask, or TrustWallet. Ensure the wallet is suitable for your region and payment method.

  2. Set up Your Wallet: Create an account, provide personal information, and set a strong password. Note down the Secret Recovery Phrase or Seed Words for security.

  3. Buy Base Currency: Choose a cryptocurrency exchange platform and buy a base currency like Bitcoin, Ethereum, or Tether. This will be used to trade VIDT Datalink.

  1. Transfer Funds to Wallet: Withdraw the base currency to your crypto wallet by providing the wallet address and the amount to transfer.

  2. Choose a Decentralized Exchange (DEX): Select a DEX that supports your wallet, such as Pancake Swap. Ensure the DEX has sufficient liquidity for the trading pair.

  3. Buy VIDT Datalink: Connect your wallet to the DEX, select VIDT Datalink, and enter the amount you want to trade. Be cautious of market trends and fees.

Alternatively, you can use platforms like Pionex, which offers various payment methods including credit cards, debit cards, bank wires, and ACH transfers. For Pionex, sign up for an account, pass KYC verification, and choose your preferred payment method.

Additionally, Kriptomat provides a straightforward process where you create and verify your account, add funds via bank deposit or credit card, and then buy VIDT Datalink directly from their platform.

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History of VIDT Datalink

The history of VIDT Datalink (VIDT) is marked by its development as an open-source platform focused on verifiable trust for the Web3 ecosystem. The VIDT DAO Web3 platform aims to bring trust into processes by making data and documents verifiable using blockchain and timestamp technology. This technology has been used by several notable organizations such as Procentec, Nyenrode, AmSpec, DeGO, Amsterdam Vintage Watches, and IBM.

VIDT Datalink is deployed on two blockchains: as BEP-20 on BNB Smart Chain and as ERC-20 on Ethereum. The utility token, VIDT, is used in transactions for validation, recording file hashes, timestamps, and blockchain addresses.

The VIDT DAO is a decentralized third-generation blockchain validation ecosystem controlled by its community and stakeholders. It has various components, including the VIDT DAO Incubator Treasury, the VIDT DAO Audit Committee, and the VIDT DAO Awareness Team, which work together to ensure the strategic and commercial development of the project.

The VIDT DAO technology is open-source, compatible with major programming languages, and easy to integrate into software platforms. It allows users to securely store digital data on the blockchain, capturing provenance records, transfers of ownership, and preventing fraud. The protocol facilitates the integration of VIDT DAO with programming languages such as Python, JavaScript, and Java, making it a versatile tool for developers.

VIDT Datalink has a circulating supply of 770,011,370 VIDT and a total supply of 1,000,000,000 VIDT. Its market capitalization has been reported to be around $22,977,139.

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How VIDT Datalink works

VIDT Datalink (VIDT) is a blockchain-based data verification network designed to safeguard digital documents and ensure data integrity. Here's how it works:

Key Components
  1. API Integration: The VIDT API allows users to upload their encrypted files into the blockchain. This API supports all major programming languages such as Python, JavaScript, and Java, making it accessible and flexible for various businesses and organizations.

  2. Hybrid Anchoring Technology: VIDT employs hybrid anchoring technology, which involves using special scripts to add data to the blockchain. This process is facilitated by smart contracts, ensuring secure and efficient data anchoring.

  3. Timestamping: VIDT enables companies to timestamp their digital assets, such as documents, certificates, and NFTs, in one or more blockchains. This ensures the integrity and authenticity of these assets by recording their creation and modification dates.

  1. Publishers and Data Types: 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 more.
Data Verification Process
  1. File Fingerprinting: When a file is uploaded, it is subjected to fingerprinting, which creates a unique hash that is stored on the blockchain. This hash serves as a digital fingerprint, allowing for easy verification of the file's authenticity.

  2. Validation Methods: VIDT offers several validation methods, including validation services, self-validation, and bridge validation. These methods ensure that files are verified securely and efficiently, detecting any changes or tampering.

Tokenomics and Use Cases
  1. VIDT Token: The VIDT token is the native token of the VIDT Datalink ecosystem. It is used as a payment tool within the platform and has a maximum supply of 58.5 million tokens, with 49.4 million in circulation. The token exists on both the Ethereum and Binance Smart Chain networks as ERC20 and BEP20 tokens, respectively.

  2. Use Cases: VIDT tokens are used to cover payments within the platform, making them essential for all transactions and processes on the network. The tokens also play a crucial role in creating and verifying NFTs, which are used to confirm the legal ownership and authenticity of physical items.

Real-World Applications

VIDT Datalink has real-world use cases across various sectors, including:

  • Data Protection: VIDT helps protect digital assets from manipulation, ensuring their integrity and authenticity.
  • NFT Creation: VIDT enables the creation of verified NFTs, which are used to confirm ownership and authenticity of physical items.
  • Supply Chain Management: VIDT is used in supply chain management to ensure the provenance and integrity of goods from production to delivery.
  • Academic Records: VIDT is used to protect academic records, ensuring they remain untampered and verifiable.

Overall, VIDT Datalink provides a secure, decentralized, and transparent mechanism for data verification and NFT creation, making it a valuable tool in various industries.

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VIDT Datalink's strengths

The token VIDT Datalink (VIDT) has several strengths that make it a promising project in the cryptocurrency market. Here are some of its key advantages:

  • Convenient Functioning of Blockchain-Based Validation: The VIDT Datalink validation process involves extracting the fingerprints of files and saving them on the blockchain, ensuring secure and tamper-proof data storage and verification.
  • Data Binding: The file information is saved on the V-ID platform, and the digital fingerprint is stored on the blockchain. This process requires certain conditions to validate the file by the blockchain, ensuring data integrity and authenticity.
  • Real-World Use Cases: VIDT Datalink has real-world use cases, with traction and increasingly more adoptions. It serves use cases that involve the protection of data or files like certificates, sensor data, invoices, university diplomas, or NFTs from unwanted manipulation, protecting the integrity and value of the assets.
  • Compatibility and Accessibility: The VIDT API is compatible with all major programming languages, making it flexible and accessible. This allows for low friction integration with any other business software and the optionality of utilizing cloud storage in the private cloud.
  • Strong Partnerships: VIDT Datalink has partnerships with well-known international companies such as Airbus, IBM, and others, which helps to expand its ecosystem and increase adoption.
  • Hybrid Anchoring and NFT Technology: VIDT uses hybrid anchoring and NFT technology, which allows for secure and verified data storage and transfer. This technology has been utilized long before NFTs became popular, demonstrating the project's innovative approach.
  • GDPR Compliance: The VIDT Datalink ecosystem is fully GDPR-compliant, ensuring that data privacy and security are maintained at the highest level.

These strengths position VIDT Datalink as a reliable and secure solution for data verification and NFT creation, making it an attractive option for businesses and individuals seeking to protect their digital assets.

VIDT Datalink's risks

VIDT Datalink (VIDT) is a cryptocurrency project that leverages blockchain technology to safeguard digital documents and ensure data integrity. Despite its promising approach, the project carries several financial risks that investors should be aware of:

  1. Market Volatility: The cryptocurrency market is known for its high volatility, and VIDT is no exception. The token's value can fluctuate rapidly, leading to significant losses if not managed properly.

  2. Risk of Losing Money: Retail investors are particularly vulnerable to losses due to the high risk associated with investing in cryptocurrencies. In fact, 75% of retail investor accounts lose money when trading CFDs (Contracts for Difference).

  3. Dependence on Crypto Sector: The future of VIDT Datalink is closely tied to the performance of the broader cryptocurrency market. If the crypto sector experiences a downturn, VIDT's value is likely to suffer as well.

  1. Speculative Nature: Investing in VIDT is speculative, and its value can be influenced by market sentiment and speculation rather than purely by its underlying utility.

  2. Risk of Data Manipulation: Although VIDT aims to prevent data manipulation, there is still a risk that its security measures could be breached, potentially impacting the token's value.

  3. Competition: The cryptocurrency market is highly competitive, and VIDT faces competition from other projects offering similar solutions. If VIDT fails to differentiate itself or keep up with technological advancements, its value could decline.

  1. Regulatory Risks: As the regulatory environment for cryptocurrencies continues to evolve, there is a risk that VIDT could be impacted by changes in laws or regulations, potentially affecting its value.

Investors should carefully consider these risks and conduct thorough research before investing in VIDT Datalink.

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Did VIDT Datalink raise funds?

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VIDT Datalink’s team

  • Marnix Van Den Berg: Founder of V-ID and VIDT Datalink, with a background in software development and a wealth of experience in the industry.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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