There has been a number of innovations by numerous blockchain projects in the market lately, with each of them proffering new solutions and algorithms to various problems and developments. Different aspect of human life, product and development has been greatly affected and impacted upon courtesy of the blockchain technology.
The blockchain technology now plays vital roles in different aspects of our lives, from telecommunication, gambling and what have you. Despite doing this much, it can be argued that the technology still hasn't done so much on other key areas yet, and these areas include the areas of anonymity, confidentiality and security.
The ability to make one's transactions secure and private without the intervention of unwanted third parties is where the beauty of blockchain lies. But when these things become absent, it becomes a very big and pressing issue, and these features are somewhat lacking in the space, and even when found, they come with a minimal level of flaw. But the good news is that a new and fantastic crypto project called veil is out with a solution to these problems and many of the other problems that have made using the blockchain a little undesirable.
Introducing Veil
Veil is a project targetted at providing a decent level of security to users of its platform, besides security the veil platform also helps to breed anonymity, privacy of storage, exchange of one cryptocurrency for another and also introduction of mining.
The founder of the veil project is also the founder of PIVX, as well as co-founder of zDEX and Exobit. Veil is a fully integrated and legit ecosystem that provides a variety of functions for its advanced users, like mining of the veil tokens and creating of applications.
Advanced features of Veil
Zerocoin protocol: the Zcoin has been in use before now by a number of familiar blockchain projects, and the main goal is to help keep the transactions of its users absolutely private.
Veil's also utilises the dandelion principle to mask the IPs of people involved in a transaction, this protocol helps to modify the processes involved in conveying transactions to the target recipient.
The ringCT protocol helps to keep transactions as confidential as possible, so that outsiders do not get to know about them.
Getting veil via proof of stakes
Veil can be gotten through a lot of ways, one of such ways is via proof of stake, the process involved in this is quite very simple and users who got their Veil wallets fully set up and get some veil tokens deposited in it will be able to earn veil for doing just that.
This pattern of earning veil will be very advantageous to people of the veil platform due to the zerocoin protocol employed, this makes this possible for users to earn without anyone getting to know how much was earned or the total amount of coins in the said wallet.
Team members
Conclusion
Veil is a project with many new advancements, all geared at fostering security to the extent that hacks and privacy violation will become a thing of the past.
useful links:
Website: https://veil-project.com
BitcoinTalk Ann Thread: https://bitcointalk.org/index.php?topic=5065331
GitHub: https://github.com/Veil-Project
Discord: https://discord.veil-project.com or https://discord.gg//Ywyb9hs
Telegram Group: https://t.me/VEILProject
Reddit: https://www.reddit.com/r/Veil
Twitter: https://twitter.com/projectveil
Facebook: https://www.facebook.com/projectveil
Btt username: punamidin
Bitcointalk Profile url: https://bitcointalk.org/index.php?action=profile;u=2433162;sa=summary
Veil Address:
bv1qhu766uatp9a87h5w4xfnxv8z5p83f5f9yy3zsl
