Veil : Privacy Without COMPROMISE
Hello everyone i would like to introduce you to the veil platform .
INTRODUCTION
Digital transactions using cryptocurrency can now be done through the Veil platform. The reason why we should consider using this platform in transactions is one of them because the process is very privacy. This platform fully supports the privacy of a digital transaction, starting from the data obtained to the ongoing process. If usually users in other platforms can find out openly every data transaction that occurs on the platform, then this does not apply in Veil. Veil takes great care of the privacy of every user to increase their comfort in making transactions. So that data about transactions such as sender’s name, recipient’s name, number of transactions, transaction time, and address of each party will be disguised. Public users cannot find out the information directly and they will only find transaction information carried out anonymously.
The Unique Features of Veil
- Zerocoin Protocol : Zerocoin Protocol to anonymize transactions, and uses the X16RT mining algorithm which is based on Ravencoin’s X16R algorithm.
Veil does make use of RingCT/CT derived from Particl, BUT Particl’s is built on Bitcoin core, not CryptoNote. Veil’s CT/RingCT is applied on the Bitcoin codebase, not CryptoNote codebase. - Proof of stakes: The Veil network will operate a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus system.
The Proof-of-Stake consensus system will ensure maximum decentralization, energy efficiency and provide a mechanism for all Veil holders to earn rewards in Veil through the process of staking. To further enhance the coin’s privacy, staking will only be available through Zerocoin denominations, and for that reason, all Veil balances (with the exception of exchanges) will auto-mint to these denominations: 10, 100, 1000 and 10000 Zerocoin Veil.
The Proof-of-Work mining system, guarantees a fair distribution of the coin, avoids the necessity of an ICO or pre-mine, and adds security to the overall network. To promote fairness of mining, Proof-of-Work mining will utilize the ASIC-resistant X16RT hashing algorithm, an improved version of X16R introduced by the Ravencoin project. - Veil Wallet : Using the Veil system, you can earn a lot of coins including Veil and earn passive income. You can follow these explanatory steps to obtain stock rewards.
Step 1 — You have to download Veil Wallet for your own operating system. And the wallet is now available for Windows, Linux, OS. In addition, Android and iOS applications are under developing.
Step 2 — You have to complete the installation phase according to your operating system by following the necessary steps.
Step 3 — You can learn your receiving address by clicking “Receive Money” section of your wallet and send here some Veil. You should transfer the Veil coins you have on the exchanges.
Step 4 — Then you activate the staking process by activating the “Staking” tab in your wallet and permanently leaving your wallet open.
Meet The Team
Conclusion:
We often see blockchain technology as a true definition of privacy, however, what we do not completely understand is the fact that we really do loose our privacy simply by surfing the internet upon which most activities related to blockchain technology operate. The data we often loose in this process often puts us at the mercy of other individuals due to the fact that prying eyes gain access to our data without our consent.
The veil platform operates on a fully funded budgetright from the conceit of idea to present development. There is no premine or ICO and even with out these, there is ample resources to sustain research and future development. This is essential to keep veil relevant in the scheme of cryptocurrency and blockchain advancements since technology is forever transient.
WEBSITE: https://veil-project.com/
TELEGRAM: https://t.me/VEILProject
DISCORD:https://discordapp.com/invite/Ywyb9hs
ANN THREAD:https://bitcointalk.org/index.php?topic=5065331.0
FACEBOOK:https://www.facebook.com/projectveil/
TWITTER: https://twitter.com/projectveil
REDDIT: https://www.reddit.com/r/Veil/
GITHUB: https://github.com/Veil-Project
Writer’s Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=263298;sa=summary
Writer’s bitcointalk username: Ra_pl
My basecoin Address: bv1q6ewj3pcks8xm5mmvs4xed6hdyrjvf5cyw804ud
CC: https://medium.com/@jennywalsh_12151/veil-privacy-without-compromise-9fe026421a6b
This is the repost of my article writing on medium. This link is above:
Congratulations @jadelglo101! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPVote for @Steemitboard as a witness to get one more award and increased upvotes!
This technology isn't new to large multitude any longer as its possibilities, just as inundate benefits, have been seen crosswise over different segments in thebglobe today running from business, and many more others. Veil seems to be new privacy Surpasses Monero. Nice article . I hope to read more of this.
Thanks for the feedback . A platform of such magnitude like veil is so unique because it gives user the privacy they craved for. What is so fascinating about this project is that it is highly required for user to thrive with their crypto assets. I will sure write more articles on Veil .