In order to securely authenticate any user's identification, Civic uses a platform that eliminates the need for a login and password. Before being able to register on the Civic platform, individuals must first download the platform's mobile application and then authenticate their identity via the application by submitting certain papers. Civic also does a thorough background check on the individual, which includes reviewing public information such as social media profiles, among other things. With a very high success rate, this inhibits the creation of false identities and identity theft.
ο»Ώ
It has always been a challenge to deal with identity theft and fraud, and when confirming someone's identification manually, one can never be completely certain of the results. In addition to its data encryption, Civic's blockchain implementation and decentralized architecture make it fully safe. In contrast to the majority of popular cryptocurrencies, which tend to concentrate on financial elements and services, the Civic coin stands out for its exclusive emphasis on identity security and verification. With Civic, a user's identity is verified without any possibility of ambiguity or fraud, and the repetitious labor needed to verify manually is reduced to an extreme degree. Because it relies on a mix of biometrics and documents, hacking is almost difficult due to the absence of a login and password on the device.
ο»Ώ
The Civic coin, when used as a platform, has a lot of potential. While it is now only available in my country, it will soon be available in other nations as well, which should result in a significant increase in its value. The blockchain is the technology of the future, and the Civic currency makes use of it in a novel manner to make life simpler while also increasing the security of our identities. It also has the benefit of being relatively new and thus having a low purchase price. Crypto experts have projected that investing in Civic tokens would provide long-term profits, so be patient if you want to see a return on your investment.
ο»Ώ
Its safe identity verification features have shown tremendous potential, and expectations are that its usefulness will increase enormously in the coming years, particularly in an era when people are more worried about false news and phony identities. Because of its small market capitalization when compared to other cryptocurrencies, the Civic coin does not seem to be particularly prominent in the worldwide rankings.