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.
WHAT IS VEIL
This network introduce secrecy into the DLT for participants to have an irrevocable network for them to use to keep their details from being exposed for an attack. Many projects haven't been able to achieve secrecy for participants, this is therefore the main thing to be handled before any other technical limitation is fixed. Veil uses different factors in its innovation, and all are introduced to satisfy the participants and make their use of crypto assets easy and also private. To this end, the zerocoin feature is made to function in the ecosystem to play an important role in the community. They are very useful and work like the BTC. It uses a set procedure to ensure total secrecy.
HOW IT WORKS OR RELATES WITH THE ZEROCOIN COMPONENT
Zerocoin is not very different from BTC. The difference is that the records that are made while sending and receiving are eliminated with the help of minting. That is, the procedure is essentially the same as that of BTC. However, when sending them, the public ledger section where the transmission is processed is destroyed by minting the Zcoins to Zerocoin. Thus, total secrecy is ensured. This components makes use of the advantage it has as a secrecy network to make veil better than its rivals or contemporaries. At this point, Zcoin is unable to compete with the system because it has more advantages than Zcoin.
THE MARKED DIFFERENCES OF VEIL
This platform uses the most advanced software for secrecy and as such is able to improve the quality of secrecy in the ecosystem. Combining with the RingCT and the zerocoin principle to completely reinforce the system and make it stronger. Veil is known to be an improved version of the Bitcoin 0. 17.1 with an unparalleled way of operating.
This innovation is very reliable and although just emerging on the DLT, has been for a while outside the DLT. Now full development is achieved and the project is expanded.
Monero platform that has been upgraded in for of the zerocoin works with the system to help dissolve all the problems of the community. There is full transparency because of the Monero setup goming as a partner for the system.
All the transmission in the ecosystem are not always anonymous with just the zerocoin so it is supported with the RingCT tech as a solution to the problem. This way, Veil is able to provide the secrecy functions without holding back. The two features therefore works hand in hand taking charge of the ecosystem and making the tech functional.
There is a positive side in the platform for making estimations of all the activities in and outside the ecosystem. This is known as zero Knowledge proof. It is very trusted in its function
Also the Dandelion tool makes it entirely difficult for participants to be traced using the bulletproof tech. All the activities track are concealed as they are done and it becomes difficult to track them.
Conclusion
The fact remains that veil tops all other projects in the secrecy ambition and helps to achieve a transparent community for all. Confidentiality is fostered and made to be the attribute of the participants that conducts such. The security here is therefore going to be a product of the secrecy established unlike in other platform where they simple focus of secrecy. The participants will be able to work or operate freely at all times, having no fear of the hackers and knowing fully well that operation will be safe and private for all the members.
To know more about veil do well by checking the link beloe
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: OptimusPrime_3
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2438357
Veil Address: bv1qe8j2mafndqv2d9hpvj7hvy88wrz433ydvrxwl5
