This is a project that worth investing in, If you’re yet to get involved with this amazing project, then I suggest that you get on board as soon as possible because this is the FUTURE OF PRIVACY COIN WITHOUT COMPROMISE
Source: VEIL WEBSITE
LET REVIEW THE BLOCKCHAIN TECHNOLOGY
Blockchain technology has made great waves since years back, providing workable solutions to age-long problems that has plagued humanity which have brought about innovative ideas and concepts that have been of so much help to humanity. The progress that blockchain technology has made can never be overemphasized. Fast and secured transactions, improved security, and autonomous transactions are some of the advantages that blockchain technology has brought.
The benefits and advantages of blockchain technology is widely across the financial sector and is fast growing among other sectors of the economy. Technology which aims to provide solutions to the problems associated with the current blockchain networks in terms of security, scalability, efficiency, interoperability. VEIL aims to achieve this by restructuring the core architecture of blockchain network in order to create a platform that gives value and provide workable solutions in a PRIVACY COIN
THE VEIL PLATFORM
VEIL Network ensure that we have a flexible and secure cryptocurrency that provides so much more than what the current cryptocurrencies provide particularly in terms of speed of transaction, zerocoin and in terms of uncompromising. Veil is the first new-generation cryptocurrency that provides privacycoin, safety and speed. Veil delivers the benefits of crypto to the masses through a focus on user experience. It also provide a peer-to-peer means of exchanging digital assets on the platform. In order to achieve this, there is a need to have an open-source protocol that facilitates and keeps record of these assets. It provides a standard for digital data ownership & privacy thereby helping you to turn your storage and data into valuable assets.
WHAT ARE THE PROBLEMS FACING OTHER NETWORK
The Problem Of Trust
Without trust, it is impossible for transaction between parties to be completed. So, the third party platform vouches for both sides to facilitate such transaction.
Data Leakage And Abuse
It’s no longer news that every information we input on websites are stored in their data bases. So, while the Veil platform have brought us lots of comfort and easy lifestyle that does not in any way translate to security of sensitive data we upload on their websites during registration. Some websites can be hacked and every information inputted can be stolen and used for malicious reasons. We have had previous cases where websites have been hacked and so many information such as (fiat and cryptocurrency) have been stolen.
THE LIST OF EXCHANGES, YOU CAN BUY OR TRADE VEIL COIN
ADVANTAGES OF VEIL SERVICE
Security
Proof of staking
Trust
Transparency
Reliability
Security
The VEIL system improves the level of security in the cryptocurrency trading space. All participating exchanges are thoroughly scrutinized to ensure that they meet the technological and business requirements of the platform. Traders funds are kept in their wallets which ensures that these funds are safe and not in the wallets of these exchanges which can abscond with the funds at any time. The VEIL wallet also comes with security which ensures that no one can have access to users funds except them and also comes with a recovery feature in case of lost password. Furthermore, the platform is executed with the use of smart contract and blockchain which ensures maximum accuracy of transactions and an impeccable security of funds.
Reliability
The network is reliable in that it is impossible for anybody to control the network no matter the amount of resources that the person possesses. Transactions on the veil wallet are protected with different consensus algorithms which ensure that there is total reliable on the network.
PROOF-OF-STAKE EARNING
Veil allows its holders to earn rewards through staking today, and in the future, anonymously.
Trust
The VEIL platform provides a convenient environment for both exchanges and traders to interact together.
Transparency
The VEIL service is an open source platform which means the activities on this platform is visible for everyone to see and verify. This means that users can be rest assured that their fund is in safe hands. The platform is also open to all exchanges who would like to list the coin.
THE VEIL TOKEN
VEIL token will be used as a transaction when the user buys a service. Every transaction process will be handled by smart contracts and cross-chain hosting technology to ensure the authenticity, legality, and compliance. (Veil token) will be used by the buyer and seller for transacting; Veil will be able to achieve a real-time settlement and eliminate the risk and cost involved with the usual way of payment on existing platforms.
For more information
VEIL WEBSITE
GITHUB
FACEBOOK
TWITTER
REDDIT
DISCORD
TELEGRAM
BLOCKFOLIO
Author username: yetundefas
Veil address: bv1qznznpztl5jc45d7e60awdnc0937xk64mnrf53u