One of the most important things that blockchain technology has added to our lives is the invention of crypto money. A decentralized platform where many participants can trade at the same time is truly incredible. Because the data generated verifies each other, it is almost impossible to return. Therefore, the operations must be transparent by nature.
Transparency everyone does not need to know the privacy level of others. We need to maintain anonymity without compromising anonymity. Personal investment or protection of personal information has always been important and will not lose its importance in the future.
What is Veil labs? Why should I choose Veil Labs?
Veil Labs is a project that has emerged as a project that attaches importance to privacy. It is likely that we will be harmed if our personal data gets into the hands of people who are not well-intentioned. For this reason, data transferred to an anonymous environment should not be taken into the hands of people we do not want.
Veil Labs has been established as a mission to conduct research and development, to enforce technical boundaries in cryptography - blockchain technologies and Privacy. In addition to ongoing partnerships, activities, awards and other activities under successful initiatives, the establishment of a network-encoded self-funding mechanism for funds demanded by Veil Labs.
How will Veil work?
The aim of the veil Labs project is to provide full-time privacy by creating a secure anonymous money. As is known, there are two general approaches in the structure of crypto currencies, one providing full-time privacy and the other providing superior anonymity. Each of these approaches has its benefits and balances.
With veil's advanced encryption-based Privacy Protocol Zerocoin, Bitcoin 0.17.1 combines the safest blockchain software in the world. The Zerocoin protocol is based on zero evidence of information that proves that a transaction is carried out without the knowledge of the inputs and outputs. Thus, in the event of a calculation, the sender and recipient will appear as a value movement in which the transaction amount can remain anonymous.
The project was designed by James Burden, a well-known expert in cryptography in 2018. James Burden pioneered the creation of successful currencies like Pix. The project will play a critical role in key partnerships with leading academic institutions, with the professional founder cryptograph and developer team, and in the development of Neil Labs blockchain technology and this technology.
Veil Labs is designed in a hybrid structure. Work as proof (POW) and proof-of - Stack consultation system. The POS system will provide energy efficiency and provide the necessary mechanism for winning awards for all owners of the veil Labs. Business proof mining system is an important guarantee mechanism for fair distribution of awards.
The veil Labs wallet will provide users with the option of saving large amounts of local disk space during a process known as ‘process pruning‘, where all transactions related to a particular wallet are removed from the local data set. By running a full node, Veil Labs will include all transaction fees in the block for those who contribute to maintaining the security of the network.
How can I earn or buy the Veils Labs?
In principle, there are four main ways to get Veil Labs. The first is to open the proof of business of Veil Labs, and the second is to buy Veil Labs from a non-centralized stock market. You can do a reward work for the project; you can get a reward from Veil labs, or you can simply earn a reward by running your wallet and contributing to the security of the network.
To prevent the need for file backups, Veil Labs wallet will support a single beep-0039/beep-0044 determinist seed where all purses can be restored, including both Basecoin and Zerocoin operations. The difference between Zerocoin and Basecoin is simple: Zerocoin provides anonymity in cash sect. Basecoin is the part of your wallet that can't be converted to Zerocoin.
As a result; veil Labs believes that privacy is a long-term asset of the use of coin. Zerocoin, RingCT, lead-free, and black bullion have developed the best-in-class tested technologies. Anonymity without compromise provided the highest level of anonymity.
Road Map
Team
Useful Links
Website: https://veil-project.com
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5065331.0
Telegram: https://t.me/VEILProject
Discord: https://discord.veil-project.com
Twitter: https://twitter.com/projectveil
Facebook: https://www.facebook.com/projectveil
Reddit: https://www.reddit.com/r/Veil
Github: https://github.com/Veil-Project/veil
LinkedIn: https://www.linkedin.com/company/project-veil
Author Ali Olgun
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1876805
Veil Wallet : bv1qqvpkays3l5ktyeefd5eqjpfhpfrxly3cfd3l60
