What is Validity?

Validity is a Proof-of-Stake cryptocurrency that functions as the foundational blockchain for SmartChain Core. It includes various features aimed at enhancing its utility, such as identity-address linkage, proof-of-existence, file checksum verification, and mechanisms for decentralized elections and voting.

The architecture of Validity incorporates a fully distributed data layer within its blockchain, allowing for secure transaction processing and feature implementation. Specific details regarding the supply cap and governance model are not provided in the source.