VEIL: A PRIVACY AND SECURITY COIN UNLEASHED-Explained to a Tech Layman!
It's yet another beautiful day readers! Happy weekend...Trust it's going to be worth it bringing the Techs of Veil to the grassroots. In as much as countless numbers of people prowl the crypto space today, just a handful of them knows and understands how this crypto works. A lot are sheer observers who knows nothing or little about the popular technology known as blockchain technology... And as much or as little as they have knowledge of this technology, a few aren't concerned about the convenience, security and privacy they should be entitled to while accessing the technology. So many are gullible and victims of hacks and comprised privacy.
Need I remind you that it was for privacy, security and convenience sake that blockchain technology as a whole came into being. Having this at the back of mind, a lot of cryptocurrencies came in to play. With each centered on solving a particular problem to another. For instance, Some currencies have been designed to profer solutions for privacy, banking sectors, e-commerce, Health care, Rental sector etc.
It is pertinent at this juncture to note that Privacy is one of paramount to the space. Reason why bitcoin was launch. Bitcoin combines Dandelion protocol in its operations to shield IP addresses of those engaged in one transaction or the other. However, this didn't provide the core privacy needed to stay secured and protected during transactions. As the time flies, those who were naive about their privacy and convenience on the space became conscious of their privacy. This makes them sought for privacy coins that would solve their problems. The very first set of privacy coins are Monero, Zerocash, Dash etc. All these privacy coins utilized the Zerocoin protocol in their operations. As promising as these coins tend to be, even though they were able to solve one or two problems relating to security and privacy, they still remain inefficient at solving the core and needed privacy and security needed.
Alas, a best privacy Coin still hasn't emerged until the very beginning of Veil privacy coin. This innovation ushers in a new era of privacy without compromise in the crypto space. The Veil coin brings about a 100% always-on privacy. With this, parties making transactions can always remain private. Veil has 3 core values namely:
- Privacy
- Convenience
- Security.
Veil seeks to bring to light a CRYPTOCURRENCY with a 100% always-on privacy without compromise. It seeks to bring about convenience for those who uses cryptocurrency (Veil coin) and finally, Veil seeks to ensure a lasting security!
TECHNOLOGICAL ADVANCEMENTS OF VEIL
Veil was launched in an era where a lot of privacy coins existed. In an era where privacy coins was greatly soughted for. An era where privacy and security is of prominent to lovers and investors of crypto. Veil emerged as the king of all existing privacy coin. Veil emerged to be the first privacy coin to give a 100% always-on privacy without compromise. Well, the simple question that would trigger in everyone's mind will be that, how does Veil make a difference in the space? How does it work? What are the measures, techniques, technologies are employed in Veil's operations?.
Well, the answers are not far-fetched.
As you can see, Veil has employed and has combined great partnerships and technologies in its operations. These includes:
- Zerocoin protocol
- Monero's RingCt mechanism for basecoin
- Bitcoin's Dandelion protocol etc.
KEY FEATURES OF VEIL
- Anonymous Passive Income
- Always-on Privacy and Security
- Self-sustaining
CONCLUSION
In the era where ICOs and IEOs gained dominance, Veil project launched without an ICO and Premine. The Veil project is built on blockchain technology with privacy convenience and security being its core values. Currently, the Veil coins can be traded on over 3 exchanges with more listings to come on board. Veil is traded at good prices and Volumes on these exchanges. This is a great deal indeed.
By employing Monero's RingCt protocol to its Basecoin, all coins on the Veil network will have privacy feature which will make users to be able to transact between each other anonymously using Veil's basecoin. Veil coin is a blast!
VEIL's USEFUL LINKS
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'S DETAILS
Bitcointalk Username: Adaora2323
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2011741;sa=summary
Veil Address: bv1qxhrkrfapx74qqazahrnpwfmqrgq5qwsjtv0xld
This project is going to be my top pick for this year after my findings, l learnt that It uses the latest technology to guarantee that the user’s privacy is maintained and zero knowledge proof systems to guarantee security and privacy.
Its nice to know that veil offers a 100% privacy as against other coin which have existed before its launch. I believe veil is an innovative project and would be worth a long time hold.
This doesn't make sense to keep giving us the same old shit as before, why can't we have something different and unique in the space? I am really into this? Facebook is Building their own Blockchain and coin also, so how will you be able to compete with the likes of Facebook and other top projects that have been in existence even before Veil
@supremacy126, you can say that again. And yes, Veil uses the latest privacy technologies such as Zerocoin, RingCt and Dandelion protocol etc. You can read more of these technologies and as applied to Veil's innovations on the websites.