While millions of transactions occur on the blockchain using different cryptocurrencies, the privacy delivered has been extremely poor. Little wonder why security breaches have remained rampant. Hackers are having a field day accessing investor information and swiping investor funds. The few platforms that offer some form of privacy, offer something you might consider a caricature of the real deal. Obviously, this needs to change. But the current crop of privacy providers appears not to be doing their homework.
Another problem which has hindered the progress of the privacy industry is the lack of funding for projects in this sector. Most investors want privacy, but they are not ready to pay for it. This has affected a lot of privacy projects springing up to the challenge of protecting the discretion of transactions carried out; the effect is the lack of innovation in a sector that should be heavily prioritized considering its far-reaching effects.
THE UN-VEIL-ING
With the privacy of millions of investors are at the mercy of hackers and any zealous person with a basic understanding of how blockchain works, someone had to stand to the challenge. Finding a platform worthy of this responsibility has remained elusive with most offering something superficial, and anyone with enough knowledge would handle the supposed protection in the same manner as Thanos handled Thor. But Veil promises to do better and bring that Captain Marvel approach to a sector deeply in need of a saviour.
HOW DOES VEIL INTEND TO ACHIEVE THIS?
By not fighting this privacy scourge alone. Apparently, Veil wasn’t the first to attempt securing the privacy of investor transactions, but the platform has learned lessons from predecessors. It is using every technology which would help in making this a reality without taking all the glory. Protocols like the Zerocoin protocol and the Dandelion protocol have been incorporated by Veil in its attempt to protect the privacy of every investor that uses its platform.
Why is the Zerocoin protocol important?
Veil isn’t exactly partnering with losers. No, that is not the case. Zerocoin protocol is one of the biggest in its niche considering it puts cryptography to good use to mask the route of transactions without affecting the end result of such a transaction. Tell me, what privacy platform wouldn’t want such technology on its side?
FUNDING ISN'T TAKEN LIGHTLY
Another reason why Veil looks set for success in its privacy endeavors is that they understand the impact of funding and are not folding their hands in ensuring this is taken care of. While innovation is crucial to guaranteeing privacy concerns are stemmed in the bud, funding holds the key to making that possible. And Veil has a watertight strategy towards providing funding for every research on improving the privacy offered for as long as the platform exists.
A USER IS A KING
While it is common practice for many crypto platforms to not give a damn about investors after funding has been received, Veil intends to act differently. Everything on the Veil platform paints a picture of just how a user/investor is seen – royalty. From the user-friendly interface, operations that are geared towards protecting user privacy, to the self-sufficiency of the privacy platform, Veil puts your interest first. Privacy appears to have another name, Veil.
VEIL USEFUL LINKS
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: https://bitcointalk.org/index.php?action=profile;u=2107609
Veil Address: bv1qs4dwgjczk2h6qqgpjdazf4zjvfpsr7yqf5h06r
