VEIL: IT's Benefits To The Crypto Space!

modanalee (32)in #veil • 5 years ago

On my last Edition of Veil, I talked about its values, how it's able to reconstruct the privacy through the use and combination of some frameworks within the privacy technologies. I talked about Zerocoin as well.

On today's edition of Veil, I shall be more focused on the Benefits of Veil project to users and the crypto space as a whole. We all know that this privacy is a very crucial one that can't but be talked about. All thanks to the Veil team for bringing about such a wondrous innovation.

WHAT IS VEIL?

Veil literally means to shrewd. To protect... But linking it to blockchain technology, veil means to protect or shrewd privacy on transactions. To protect privacy on transactions means that transactions going to the ledger chain or explore are protected and made anonymous in such a way that nobody knows how much you are sending out or receiving. By so doing, keeps you away from the eyes of hackers.

The question now is, what are the benefits of Veil to the blockchain technology, what are the benefits of Veil to users and adopters of privacy on blockchain?

Well, the benefits of Veil on blockchain technology abound. These benefits ranges from privacy, to confidentiality to security and to decentralization.

Benefits Of Veil To Blockchain

We cannot talk about Veil project without talking about the potential of benefits it has rendered to the blockchain technology and the crypto space as a whole.
Now, hear it, Veil has been very beneficial to us in so many ways namely:

Veil shrewds Privacy: Have you ever thought that privacy on transactions can be shrewd on the blockchain technology? These has been made possible by the laudable innovations brought by Veil project. People and users can now enjoy unfailing smooth private transactions without the fear of hacks and thefts. We can now enjoy uninterrupted 100% privacy without compromise. This is most more beneficial to the big whales. Gone are the days when the worth of a person can be calculated and estimated by just going through the hash of transactions made by that person on the ledger. Today, nothing like such again. One can now send and receive transactions privately without the awareness of a second nor third party interference.
Opportunity of Passive income: Another benefits of Veil to the blockchain technology and the space as a whole is that it has provided users with the big opportunity of earning passive income. Users can now earn anonymously on the Veil network without the interference or the awareness of another user.
Veil's Consensus Algorithms: Veil has successfully incorporated consensus algorithms of Proof-of-work also known as mining and Proof-of-stake also known as staking. With these consensus algorithms, users will also get to earn some Veil coins on the platform.

HOW IT WORKS?

With Veil's project, mining and staking has become a lot more easier. What you have to do is to simply get acquainted with some mining tools and softwares. You can get the affordable and easy-to-use softwares on the website.

And for the Staking, this is the easiest. All you need to do is to:

Go-to veil website: https://veil-project.com/ and download the wallets. This wallet is available on Windows and linux devices etc.
After downloading the Veil wallet, allow it to to be installed on your respective device.
Then create your accounts by using strong passwords and pass phrases. Once this is done, you can now login. But then, allow the wallet to synchronize properly.
Get your Veil deposit wallet and purchase some Veils on exchanges. Veil is listed on over 3 exchanges namely: Vinex exchange,
https://vinex.network/market/BTC_VEIL etc. Once you purchase the Veil on the exchange, you can now fund your Veil wallet to enjoy the unlimited staking experiences and profits.

CONCLUSION

Veil is a new haven set to reshape the privacy and security issues on blockchain. Privacy coin is the future of blockchain technology. The earlier we adopt these technologies, the better!