The security issues around the cryptocurrency space is beyond the palliative approach currently input, adequate privacy can protect investors from the harsh security issues of the virtual space. Alot of project had come and still coming with promising the hasn't aide to the need of cryptocurrency enthusiasts, The real fact is that, the we have been rubbed of privacy long enough without measures. If not now when could this be? The heartbreaks of losing funds has gotten beyond measures and if investors continue losing their hard earned funds as it has been, the respect and growth of blockchain would be limited and we have to act fast.
The blockchain few years back isn't the same blockchain today, we have been rubbed of our privacy as a lot of adoptions are coming in with different people of different mindsets, to stop this menace, something has to be done, our privacy has to be managed properly, blockchain is getting its group day by day as new users keeps coming but today good news is, the wait has been broken by veil and our security has been rescued.
we are privileged to have a project as incredible as veil to fill the leaking privacy by implementing tools to tackle this challenge. Read up to have more insight on how veil
About veil privacy without bound.
It is not about the period but about what has been achieved, veil innovation brought so much confidence in cryptocurrency space. From the whitepaper, veil appeard to be difrerent from other privacy projects, its nit about heard, uts about seen, veil utilizes several protocols to actualize this dream. Veil platform uses zerocoin, Dandelion, RingCT which enhances adequate security. We have seen a lot of security tools but they all failed. Big question is why these aformationed tools?
While the Veil platform would be masking the source node of a sender using the Dandelion++ protocol, their intentions are to increase the creation of more anonymous token which would be untraceable. The Zerocoin protocol ensures the tokens are transacted without revealing the identities of the accounts involved (pure anonymity). The limitations of the Zerocoin protocol including its maximum number of transaction clause have been rectified by the Veil platform. Now with veil node, transactions are fast and safe.
Initiating Proof-of-work and Proof-of-stake on a single platform is something rare, but Veil appears to be exceptional at standing out. The benefits of these networks still go down to show Veil's highly regards the community. With the PoW and PoS, users can enjoy decentralization, energy efficiency, mining and staking within a veil platform. And to ensure the mining experience of users remains top-notch, Veil uses the ASIC-resistant X16RT hasing algorithm to protect users and investors from external influence.
CONCLUSION.
Veil privacy tools have explained all usefulness of VEIL to blockchain, with veil, your wallet security is assured. Veil isn't joking when they promised of pure privacy. It is crystal clear that the industry isn't joking. They appeared focused to solve the privacy challenges facing blockchain. Follow up so you don't miss out!!!.
To have more insight 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: Chika08
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2107609
Veil address: bv1qdgu7vjak0qe9xz8xhjphcg0q7a7d69es0c4qqx
