FAQ's

• What is Validity (VAL)?

  Validity acts as a verification protocol used to validate the authenticity of data and transactions. It is the cryptocurrency that powers the Radium SmartChain network. SmartChain allows its users to transact in a safe manner by validating the transaction.

• How was Validity launched?

  Since the launch on the 25th May 2015, the Validity blockchain has been hard forked several times in order to implement desirable and necessary protocol parameter changes. The most recent hard fork occurred on the 29th August 2018. It introduced a new proof of stake block reward distribution schedule, activated the development fund and set a 9,000,000 RADS coin supply cap (reached in 2045).

• Who is the team behind Validity?

  After multiple attempts were made to launch the project, the Validity blockchain launched on the 25th May 2015. Justin Jacobeen (alias JJ12880) and Timothy Mesker (alias tm2013) were instrumental in getting things off the ground, and have worked tirelessly to sustain code development.