VEIL LABS AND TEAM

One of the challenges that have affected the utilization case of blockchain is the important security risk that's related to operations on the digital ledger. Veil network is a project that set to fill the gap by proffering solution to a major hindrance to cryptocurrency adoption - bringing utmost privacy by creating coin with secure and high anonymity. It offers an exceptional service of uncompromised privacy oriented means of transacting and storing crypto assets with full benefit of total control of one's investment. To maintain “always-on” privacy, Veil added RingCT privacy from Particl to its Basecoin transactions which gives anonymity to transactions on its network and to protect against compromising users identity.

To provide users with the anonymous transactions they crave for particularly because it secures their assets, Veil uses protocols like Zerocoin, RingCT, and Dandelion++ to deliver the privacy users want. however why Zerocoin, after all, their Zcoin try didn’t float? Apparently, Veil incorporates a partnership with Zerocoin which needs the latter to deliver transactions with obscurity lined.

Veil technology is being set up by group of professional individuals who have carefully studied and understand the strength and lapses of the conventional privacy and security technologies that are existing and as a result, carefully built its platform by the integration of this technologies in order to provide an uncompromised and second to none privacy and security for all transactions

Uniqueness Of Veil

Veil adopted the combination that brings together the most advanced crypto software in the world to provide the most advanced privacy. Bitcoin 0.17.1 version, which is the most reliable blockchain software available, is combined with Zerocoin protocol and the result is reinforced with RingCT technology.

VEIL'S CORE TECHNOLOGY

The Vеіl ѕtruсturе will bе based on thе Bitcoin vеrѕіоn 0.17.1 whісh іѕ оnе оf the most sophisticated mоdеlѕ іn existence. Thіѕ wіll be соmbіnеd wіth Zerocoin's сrурtоgrарhіс private blockchain аnd Mоnrое'ѕ RingCT tесhnоlоgу tо сrеаtе and еntіrеlу secure and fully private blockchain dеѕіgn. Thе Bіtсоіn mоdеl thаt is thе basis оf thеіr ѕtruсturе wіll give Veil ѕоlіdіtу and ѕесurіtу thаt wіll bе unrivalled bу most blockchain рlаtfоrmѕ.

Veil LABS

The Veil Labs examine about the obscure approaches to improve protection by searching for further developed ways by which Veil can give surprisingly better security, security, and secrecy. Investigating to realize more makes Veil to be prepared for what the future brings to the table. The imperative job of Veil Labs in growing more protection answers for blockchain innovation has not gone unnoticed as it has gotten the consideration of some world-class scholarly establishments. By growing new arrangements, Veil Labs will dispatch Veil to more noteworthy statures in the blockchain protection world.

Veil's Consensus Algorithms

The Proof-of-Work mining system guarantees a fair distribution of the coin, avoids the necessity of an ICO or pre-mine, and adds security to the totality of the network. To promote fairness in the mining process, Proof-of-Work mining will utilize ASIC-resistant X16RT hashing algorithm, an improved version of X16R introduced by the Ravencoin project..

The Veil project utilizes the protocol of the zerocoin to create a zero-knowledge transaction history by destroying a coin and remaking it, the dandelion protocol to mask transaction making it difficult to trace on the block chain, the bulletproof protocol which aids scalability.