Cryptocurrency is characterised by a very high level of volatility and insecurity to an extent, this is why the entire world is yet to embrace it fully. So therefore, quite a number of blockchain projects have been created to help tackle these issues but most haven't been successful so far far.
Veil is a new cryptocurrency project that has taken fully the responsibility of tackling one aspect of these problems, which is the aspect of security.
Without saying much, anyone acquainted to online dealings already knows it's impossible to do without good security while at it. So many hacks owing to security porousness has been recorded in past and recent times owing to this challenge, which is why it becomes very important for all new investors to make thorough research about any given project before diving in, 2017 and 2018 were two prominent years when big exchanges got hacked with the hackers successfully charting away with huge sums of money.
This issue of lack of security and hack goes beyond just exchanges and extends to our personal wallet where we store cryptocurrency assets as well, which is why Veil has invested tremendous efforts in achieving a better blockchain infrastructure for the entire ecosystem.
Veil project
The main goal for establishing veil is to help create an enabling, private and secured platform for users. To achieve this veil made some kind of collaboration with zerocoin and RingCT technologies im order to run a full proof and unrivaled privacy solution, which will keep everyone involved in the transaction anonymous such that no third party will be able to catch a glimpse of what happened. Reducing transaction magnitude has also being made possible on the veil network via the introduction of bullet proof technology.
Concensus
Veil accommodates a hybrid concensus mechanism featuring proof of work (Pow) and proof is stake ( POs)
The former can be considered the most ancient and yet efficient method in concensus mechanism in terms of security. Through this mechanism veil has succeeded in providing additional security for the network.
Proof of stake just as the name implies gives users the chance to get their coins staked, and get rewarded for doing so, and this is only possible through the zerocoin innovation, ensuring that transaction on the ledger are not accessible and mostly private.
Veil wallet
More to all the innovations by Veil is the fact that they also have a highly secured wallet for windows, Macos and Linux versions. The mobile and paper version is guaranteed to be available pretty soon as well. All of which are aimed at providing extra security and safety to funds of its users.
Conclusion
The veil team is working tirelessly to bring more innovations and breathtaking features to the veil platform, if all of that adds to what's already on ground, it is strongly believed that security and privacy experience on the veil network will be incomparable to what's obtainable anywhere else, placing it among one of the leading projects in the crypto space as far as privacy and unbrittled is concerned.
Click on the links below for more info:
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: Odetolala
Bitcointalk Profile url: https://bitcointalk.org/index.php?action=profile;u=2433138;sa=summary
Veil Address:
bv1q50ar7ag7hsw3enupytf75cmfq5jmdk3xsxjctt
