VEIL- ANONYMOUS COIN THAT MAINTAINS FULL-TIME PRIVACY

wajira (43)in #blockchain • 6 years ago

Hey there, Good Day to every one! Veil, another project introduced by James Burden in early 2018 who is a well-recognized expert in Crypto-Privacy, is a truly private Crypto currency.

The project introduced with the Vision of is to create the best privacy coin in the world, and the Mission of “develop and push the boundaries of cryptographic privacy protocols” and research lab "Veil Labs” has established to achieve this goal.

Veil Project is in the process, to boost state of privacy-focused cryptocurrencies by generating a secure, highly anonymous coin that maintains full-time privacy. Moreover, Veil offers Self-Funding in supporting long term research and developments.

A Committed team at the Veil Labs, with a goal to push the technical boundaries for privacy and anonymity without compromising scalability and performance, explore options through research and developments.

In order to overcome the draw backs on Zerocoin protocol as,
• Some transactions in the network are private, facilitating to inadvertently transact publicly.
• Depending on external software development and outside expertise by many privacy focused project to improve the networks

Veil teams members is working to create coin that can be provide full time privacy.

Veil has used the technologies of,

 Bitcoin version 0.17.1 - Highly secure, battle-tested blockchain software with various bugfixes performance improvements and updated translations.
 Ring Confidence Transaction - Sender and receiver are the once who can only know the value of the transaction
 Zerocoin protocol - Consider the “privacy” and “anonymity” of the cryptocurrency transactions
 Dandelion protocol -Do not allow to trace back to origin of a transaction node on the network
 Bulletproofs - Enable confidential transactions in cryptocurrency

The Coin is distributed among
• Mining/Staking
• Founders
• Lab
• Budget

In the bellow mentioned basis

You can obtain Veil by:

 Mining Veils via Veil’s Proof-of-Work consensus system
o Veil Mining is a hybrid approach which consists “Proof of Stake” and “Prof of Work’ mining.

 Purchase Veils on a centralized or decentralized exchange
o Veil can be exchanged with a number of leading exchanges and it will ensure that availability of liquid markets.

 Veil as a reward for “Staking” in your wallet
o Through downloading the veil wallet with the current version of 1.0.3.0 which is available for Windows, MacOS and Linux operating systems.

 Perform “bounty” work for the project and receiving veil as compensation.
o Through Development Bounties and Community Bounties.

Anyone can Mine Veil through bellow mining pools and software
 Mainnet — https://explorer.veil-project.com/
 Testnet — https://testnet.veil-project.com/

Mining pools

 Veilmine
 Suprnova
 BSOD
 Coinblockers
 NLpool
 NoSuchPool
 Blockmasters
 1stMiningPool
 Coinmine.pl

Mining software

 Suprminer (NVIDIA)
 CryptoDredge (NVIDIA)
 T-Rex (NVIDIA)
 Wildrig (AMD)

The hybrid consensus system,

Proof-of-Work (PoW) ensure fair distribution of coins by utilizing ASIC-resistant X16RT hashing algorithm, which is an improved version of X16R, by the Ravencoin project and Proof-of-Stake (PoS) allow any person to mine or validate block transaction to the amount of coins that person holds, which operates by Veil network .

Road Map is the way/path of completing the project by achieving their Vision and Mission. Bellow flow chart represents the Road Map of the Project Veil.