WHAT ARE PRIVACY COIN AND WHAT IS THEIR ROLE IN CRYPTO SPACE
Have you ever wondered why some people dont likr making online transaction? It because they cant be guaranteed of their privacy and all transaction can be linked back to them. Its this issue that lead to the development of a special type of cryptocurrency known as the privacy coin.
Privacy coins are coins that are designed to remove and eliminate connections and links between users each of their transaction history . This type of crypto coin is designed for the absolute privacy of people that dont want to have a public record of their every day activity and transaction on the network.
They are so many coin that claims to be anonymous but still yet does not maintain the privacy of its users , most of their transaction are being recorded on a public ledger which is not private anymore because it has been exposed, this makes it possible to trace every detail such as the amount and location of a transaction back to its adress.
Privacy coin has features integrated into their chain to make it difficult for third parties to trace transaction being carried out on their blockchain. Feature like; ring signatures , stealth wallet adress and masternode technology.
One may ask where can i see this type of privacy coin that can perform all this task? Look no further as i unveil an awesome privacy coin known as veil.
ABOUT VEIL
Veil is a blockchain project which is i its infant stage but whirled high and superior technology than its predecessors, thanks to the huge amount of effort invested by the team in making sure that the project is being developed effectively.
Veil is an open-sourced project launched in January 1st 2019. It is a hybrid blockchain project with no ico and pre-mine so as to ensure fair distribution of the coin.
Veil comes into an already saturated space of underperforming privacy coin, leveraging on their cutting edge technology and value to give them an edge ame make them the leading privacy focused crypto coin within the crypto community and beyond.
AVAIABALBE TECHNOLOGY
To penetrate into an already existing market one needs to bring i value diffrent from what has ben arround.
Veil is aware of this fact and that is why they are making a grand entry by bringing in the combination of zerocoin proof and RingCT technology. Both of this technology has ben used separately on diffrent occasions but veil is combining them both to give it a superior edge over other privacy coins.
Veil also has a unique technology known as the Dandelion protocol which makes it difficult to trace back a transaction back to its source.
Notable mentions
● stealth transactions
● Elastic block sizes
● Maximum supply of 300,000,000
● Block size of 2mb
● Blocktime - 60 secs
CONCLUSION
Its true that there other existing privacy coin and one may ask why choose veil, veil promises to provide absolute privacy which is not diluted. With veil one is sure of not making a non-private transaction. Your privacy and anonymity is guaranteed with veil.
For more information visit:
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
Bitcointalk User Profile => https://bitcointalk.org/index.php?action=profile;u=364161
Bitcointalk Username => 79b79aa8d5047da6d3XX
VEIL WALLET => bv1q95vwy6qnvyj2ftrz8am04ztqeu9u0p4gc0nsd4
