Veil - Privacy Without Compromise
INTRODUCTION
The blockchain technology makes the world oppress and also provides significant changes. Blockchain technology has changed our point of view not only against money but also against many other things. Blockchain technology has taken away not only the states but also third-party companies and banks as regards our money exchange. While the blockchain is developing so fast, it also faces some problems. The most important one is security. Blockchain technology is still a very new technology, although it finds life after an article written 10 years ago. This sector, which has security problems, is constantly under attack. However, some projects aim to build robust technologies that will further strengthen block-chain technology. It is possible for us to exchange our money purchases anonymously and untraceable. I'm about to talk about this project, and it's one of them. And it has succeeded in being innovative and first in many areas as its features.
Problems
The biggest problem with cryptocurrency is security. One of the biggest reasons for this is that centralized exchanges and central transfer transactions are possible. Blockchain technology, in fact, needs to establish a decentralized system. This means that all user data is not stored in a single repository, we need untraceable blocks. But the use of the current block chain causes the accounts to be easily discovered and hacked. Due to the lack of users ' own wallets, these coins are open targets for keeping coins in central stock markets. In addition, users do not have the opportunity to make mining for each coin. Mining of coins such as Bitcoin, Dash, Ethereum is very expensive, costly and time-consuming tasks. It can't be done by anyone, and it can't be profitable for everyone. But it should be noted that what makes Block Chain Technology special is that it allows it to be able to transfer irreplaceable, confidential and secure money. The safety of these properties is at stake.
Veil Project
Veil project is a security project created within the framework of the Zerocoin protocol. As is known, block-chain technologies that implement the Zerocoin protocol are different than the systems we know. The main purpose of zerocoin technology is to ensure that the crypto transactions are carried out in full confidentiality. In this way, the sender or receiver is not known and can not be followed. This is a situation that would benefit us all. Apart from this, the project has different features. One of them is the stake system. If you have 13.000 veil coins, you can get 50 veils per day. To do this, just keep your wallet open. But, as is known, in all stake systems, the stock rewards fall over time and are variable. The present award in Veil's current system is very satisfactory. Besides, the Veil is allowed to be mineable. 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.
Veil Design
The supply of Veil coin in circulation is now 10 million. The maximum supply after the stock transactions and mining transactions will be 300 million. The form of the consensus algorithm of the veil project is as follows: "x16RT + POS (1 year+ distribution phase) Proof-of-sale phase" and the approval of blocks, as well as stackage operations on the platform, are known. Block prizes are determined to be 100 and will continue until the hard cap is reached for the first year, and this will eventually be 20 and Veil project uses Zerocoin protocol and wants to establish a maximum security architecture for the users.
Features Of Veil
Always on Privacy & Security
The veil project is aware of the vulnerabilities in the current system and wants to correct them. For this reason, the platform that uses the Zerocoin protocol and RingCT technologies wants to build a completely invincible firewall for users. This is to maximize the experience of the architectural blockchain created by Veil.
Anonymous Passive Income Opportunity
For now, it is possible to have a passive income on many platforms. However, the veil project wants to take this one step further. You earn the awards in the veil project anonymously. That means no one knows how much you win and when you win. Even if you leave your wallet open, you can take advantage of the stack rewards.
Self-sustaining
The veil project does not require any third-party company or stock exchange to maintain its continuity. Thanks to the consensus created by the veil project, users confirm the accuracy of their blocks and thus no third parties are needed. Because the project is completely user-oriented. As a result, the wallet is user-friendly and has a simple interface and design that makes it easy for users to work with.
CONCLUSION
The Veil project is a project that has entered the market without any ICO and is currently being traded on many stock exchanges. The Veil project is a blockchain project that provides maximum security supported by cryptography science anonymously. This project allows you to make passive income by performing various operations. In addition, the project team created a wallet, web design, desktop wallet products such as completely user-oriented design. And they want to help them live their block-chain experience in the right way.
MEET THE TEAM
ROADMAP
For Further Information
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
Bitcointalk username: Nuxxorcoin
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2378574
My Veil Adress: bv1qxp9n8jugmu09zkgjm2wv92ksl827qqtx5qq9vw
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Security is the key issue in this kind of projects and Veil knows that. And it seems that they solve this issue. Well done guys!
I totally agree with you thank you for your opinion)
Veil has proven to be unique, there are many privacy coin and they are so popular that 3 of them are at the top 25 coins in the CoinMarketCap but after an in-depth analysis I did, I discovered that Veil has superior technology than all existing Privacy Coin and considering the fact that it is very new and mostly unknown, I expect a rapid increase when it is picked up by Crypto Enthusiasts, Veil is a hidden Gem.
excellent article