The aim is to enjoy cryptocurrency but is not as proposed, blockchain have provided so much that we needed to live a happy life always but the heart of man is desperately evil. But we can't continue dwelling here as something has to be done, we have to be provided with an environment that is conducive and free from hackers. With privacy, community can do so much in crypto. We have had a lot of projects with intentions of giving users good security but they ended up scamming scamming us. The last of the existing type of technology to provide perfect accountability has a been a challenge too alongside the slow speed and the lack of privacy in it. This effect has destroyed a lot of trust and further movement of blockchain we have known. But there is need to have all of these technical qualities because of the role they play in the success of blockchain and the Standard of its operations. Not having the best privacy and security users want has enabled the community from investing as supposed to have been. We can't continue this way. Something has to be done. Not withstanding, veil has giving users the ability to come back strong. A privacy platform that has giving the community the assurance of safety with was denied and robed us of lately.
It is best to have a concept that allows the participants to freely do what they want without being watched or tracked. This means everyone appreciates secrecy and security. All the existing platforms that have emerged have not been able to achieve that for the participants. The lack of secrecy has been the reason for attacks and the unsafe condition in every activities of the participants. But now there is a innovation to help overcome that issue and that is Veil. Veil is a secrecy coin that helps overcome the issue of insecurities that results from the lack of secrecy.
VEIL
A lot of platforms have attempted to offer users the opportunity of concealing their transaction details and reducing the risks associated with the blockchain’s transparency. Unfortunately, previous privacy vendors have not been able to offer anything beyond a flimsy shield which any decent hacker can dislodge. Veil zerocoin is employed to make sure sleek, quick, defect free transaction without a second party. What a platform .
Veil comes into the privacy picture desperate to ensure users enjoy as much privacy as they need. And they seem to have it all figured out. The collaboration with innovative technologies like Zerocoin, Dandelion, and RingCT is a pointer that they mean business. To anyone unaware of how massive these protocols are, they are interesting technologies geared at offering users some privacy. Zerocoin uses cryptographic method to shroud the details of a transaction while confirming such took place. Dandelion protects the identity of a source node – a vital piece in the privacy venture. RingCT adds icing to the privacy cake by tying up all loose ends so no one is the wiser. Apparently, Veil relies on the power of several technologies to do its work, so what exactly is the privacy platform bringing to the table? Well, Veil provides the opportunity for harnessing all these technologies and refines them where possible such as the removal of the transaction limitation associated with the Zerocoin protocol.
Proof of stakes and proof for works are constructed on one system that ensures stakes and mining are regulated absolutely, proof of stakes and works stands as the earning engine in veil, it is a rewardable tools for veil users. With these tools, you'll stake, mine and build your profits with a secured wallet (a privacy without compromised).
ASIC-resistant X16RT hashing formula helps to safeguard users and investors from external influence.. This tools is another robust tool that helps forestall any foreign body, unwelcome person or a hacker attempting to invade the system. ASIC-resistance X16RT Resist the operation from returning in to the platform. this can be another defensive mechanism to prevent hackers from invading the system.
Veil lab foundation organized by veil platform whose mission is to push and support security challenges within the platform to analysis, development and education to bring decentralized protocols and tools to the world that empower developers to supply next generation decentralized applications and to build a loads of worldwide accessible, loads of free and loads of trustworthy internet. Etc
Without having a lot to mention, it's crystal clear that VEIL has gotten all it required to safeguard the protection of users on blockchain. The tools are consecutive outlined and explained.
CONCLUSION
Veil didn’t come to play. Raring to go and with a visionary long term strategy in their possession, this has the touch of a win-win situation. While we keep our fingers crossed regarding the launch of the platform, we can only believe something positive comes out of this.
To have more details about veil please kindly do check the links below.
Website: https://veil-project.com/
Reddit: https://www.reddit.com/r/veil
ANN Thread: https://bitcointalk.org/index.php?topic=5065331.0
Telegram: https://t.me/VEILProject
Discord: https://discord.veil-project.com/
Linkedln: https://www.linkedin.com/company/project-veil/
AUTHOR'S DETAILS
Bitcointalk Username: Chikada
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2532288
Veil address: bv1ql8ry4qxplz6t3h0cmfeawcuw9823a8lf24m4jx
