What is Proof of Validation?

If you’ve been asking yourself, “What is Proof of Validation?” you’re not alone.

Many cryptocurrency users are confused by this process. Proof of Validation refers to a consensus mechanism based on staked validator nodes that keep complete copies of all blocks and transactions. Proof of Validation also allows for the secure identification of user accounts, which are identified by the public key and crypto token. Whether or not it’s worth it depends on how your account was created and why you’d like to see proof of validation for that particular account.

When a debt collector attempts to collect a debt from you, they’ll have to provide evidence. This may include a valid signature, statements that prove the debt was assigned to them, and documentation. If you’re not able to find any such proof, the collector’s claim is not valid. If you see a blank page with gibberish on it, do not believe it. It’s important to ask for this type of proof before you give out any money.

Proof of Validation is essential when you’re trying to get a debt removed from your credit report. If you refuse to pay a debt collector and he or she refuses to validate your debt, you have the right to receive a letter from the consumer reporting agency that proves you owe the debt. You must provide proof that the debt is legitimate, and that the debt collection company has the legal right to collect the debt.