Investing in Circuits of Value (COVAL) – All You Need to Know

The problem of scalability has been constantly present in the crypto industry since the publication of the Bitcoin white paper. Even before the launch of the coin itself, some realized that scalability would be an issue in the coming years when more and more people start using it.

Six years later, when Ethereum was launched, the solution still eluded developers. In the years since the launch of Ethereum, this question has become more than just a theoretical problem of the future. The crypto industry exploded, especially in 2016 and 2017, and scalability suddenly became an issue that needed to be addressed immediately. This resulted in the creation of new projects that are truly scalable and capable of handling thousands of transactions per second.

However, Ethereum itself still hasn’t implemented a scalability solution, which is desperately needed as the current situation has caused its gas fees to skyrocket. But, Ethereum is too big and too important to be abandoned by its community. While some have gone looking for alternative solutions, others have tried to develop their own solutions on Ethereum itself, such as Circuits of Value (COVAL).

What problems do value circuits (COVAL) solve?

Circuits of Value (COVAL) seeks to use a fairly unique method of moving tokens where much of the work can be taken off the main chain. By doing so, it could offer users the same possibilities they had before, only with a single transaction instead of several. Even better, it includes more than just one token.

Moving value through off-chain methods

Ethereum being the king of dApps, it is overloaded with small transactions that are constantly happening. It also affects all coins that work on its network. As a result, many projects, including Circuits of Value, have sought a solution to transact off-chain and then only record the end result on the blockchain.

In doing so, it is not necessary to process every transaction that takes place, but rather only one that now shows the new state of affairs. This is a similar approach to how Bitcoin’s Lightning Network works.

Increases transaction flexibility, security and affordability

The real value of Circuits of Value lies in the fact that it has ensured the security of transactions made off-chain, and thanks to the fact that only one can be made instead of several smaller ones comprising a variety of coins, the project has also greatly reduces the cost of sending transactions.

Best of all, it is flexible enough to include any EVM compatible coin and token, further increasing its flexibility and usability.

Benefits of Value Circuits (COVAL)

So the real question is, what can Circuits of Value offer you as a user? Why would you want to use this project? There are several advantages and advantages to using value circuits, including:

Create custom token combinations

The COVAL platform allows users to move value such as crypto assets using off-chain methods, and the way it does this is by allowing users to create custom combinations of tokens, including ETH tokens, ERC-20 and even NFT tokens. They can all be combined into a single tradable token called Vault. COVAL can also be used to create Vaults, and it is issued as a reward to liquidity providers.

Rewards liquidity providers

Circuits of Value also offers a very rewarding plan for its users who choose to lock up their tokens to help provide liquidity. As mentioned, the project uses Vaults to reward liquidity providers, which is a very different experience than any other transaction in the crypto space. The process itself will be familiar to users, who only need to add their coins to the project’s liquidity pool and start receiving rewards.

Staking offers

Another benefit of Circuits of Value is the ability to engage in staking. However, according to the project website, COVAL tokens will be stackable on other platforms for various reward tokens. The project has reserved 5% of its total supply for staking rewards, or approximately 100 million COVAL.

Open up new opportunities

Finally, the project’s Vaults open up a variety of new opportunities and really allow for flexible uses of its technology. For example, users can create an Emblem Vault with multiple pool tokens, to create pools of transferable cash. They can also create an Emblem Vault that contains one or more pieces of collectible art in the form of NFTs, and bundle it with Bitcoin. They can combine multiple assets into a single token and create a comprehensive tradable wallet, or create a community- or trusted-third-party-held vault that multiple people can deposit into, with confidence. The opportunities are plentiful and they continue to grow, which certainly makes them worth exploring.

How do Value Channels (COVAL) work?

Circuits of Value (COVAL) is a cryptocurrency developed and running on the Ethereum platform. It is one of the most complex digital assets, which can still serve as a simple investment if investors simply choose to buy COVAL tokens and hope for the best. However, they can also use the project’s technology to accomplish much more.

The COVAL platform is developed with the aim of moving value using off-chain methods. In other words, native cryptocurrencies from their public and private chains can enter the COVAL Sidechain network and be transferred in a secure, affordable and flexible way.

The technology revolves around the concept of sending vaults, which are basically containers or baskets of tokens. These Vaults are represented by Sidechain Assets called Emblems, hence the name Emblem Vaults for the project containers.

How to Buy Value Circuits (COVAL)

Circuits of Value (COVAL) is available on the following exchanges:

Coinbase – A publicly traded exchange listed on NASDAQ. They accept residents of over 100 countries including Australia, Canada, Singapore, UK & the United States (excluding Hawaii).

Circuits of Value (COVAL) — An Entire Wallet in a Token

Circuits of Value is a very interesting, unique and complex project that offers a new way to store and transport cryptocurrencies. Along the way, this reduces costs and removes the need to perform many transactions instead of just one, which also acts as a scalability solution, albeit indirectly. You can even treat its Emblem Vaults like crypto wallets, which is how the project itself sees and treats them in most cases.

Comments are closed.