Good day readers... Have you heard about Veil? Do you desire for a solution that will has brought security and privacy to lime light? Veil remains the answer. It's remains a remarkable experience for those haunting privacy and security on blockchain technology.
Veil has become the SUPERBLOCK behind privacy without compromise.
INTRODUCTION
While blockchain has grown and has brought a lot of revolutions to the fore square of the space, it is not without issues. Of the most important issue and blow with blockchain is Security and privacy. These issues has made blockchain viable under blemishes and attacks by cyber criminals While it security system keeps deteriorating.
PROBLEMS WITH BLOCKCHAIN
Of the big threats that encumbers the blockchain technology as a whole is SECURITY and PRIVACY. This is for the sole reason that transactions made on the network are unanimous, traceable and centralized. Centralized in such a way that any transaction gone to the explore can be traced to the sender, and also traced to who sends it to the sender. With, hackers will have ample information and codes about a particular transaction, the wallet it's coming from and the receiving wallet addresses. To end this menace and bring about an ending solution to these security and privacy issue on blockchain technology, projects built on blockchain technology must evolve. This then led to the evolving of what we today know as "Privacy Coins". Amongst this privacy coins, beget Veil coin.
INCEPTION OF VEIL PROJECT
Veil project came to being sometime in 2018 by a known blockchain wizard James Burden with a expertise and experiences on "Privacy and security on Blockchain technology". The ideology behind the creation of Veil is the need for a CRYPTOCURRENCY to usher in a 100% privacy without compromising Annomnity. James Burden formed a team and experts in cryptocurrency privacy. Not just ending there, a body of experienced team grounded in research and privacy technical skills was also founded known as VEIL LABS.
THE SUPERBLOCK BEHIND PRIVACY!
The James Burden's idea gave birth to Veil. This then becomes the SUPERBLOCK behind privacy being that it was designed with great and advanced privacy technologies such as Bitcoins's software 0.17.1, Zerocoin and Dandelion protocol. These are advanced and great privacy technologies. The main purpose of Veil project is to bring privacy to crypto space. Designing a currency that will serve as a means to providing privacy and security called Veil Coin.
WHAT IS VEIL COIN
Veil coin is the currency of Veil project having its roots in advanced privacy technologies such as Zerocoin and RingCt protocols. Whose total supply is 300Million and 10 million circulating supply. Two major consensus algorithms of Veil coin are: the x16RT and the Proof of stake.
VEIL'S x16RT
Of the Veil's consensus algorithms is the x16RT also known as the Proof of Work. This is also known as Veilmine. This has to do with mining Briskcoin to increase to its blocks and tokens. This can be achieved through a wide variety of softwares and pools. In my next edition, I shall talk about these tools and softwares.
Features of Veil
To recap, Veil project has no ICO nor Premine. It is self-funded and self-sustained. All thanks to the awesome team behind the creation of Veil project. Veil will continue to soar high as long as privacy becomes a major necessity on the space.
For more information about Veil, check:
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: Modanalee
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2491710;sa=summary
Veil coin wallet: bv1qtu27ytwkr0du75rq443g5g0p5a4t58esgvdu6j
