Importance of the Veil Lab

supzeel (38)in #veil • 5 years ago

It is worth the time to sit with the new technology of the veil lab and be a partaker of its benefits........
In 2009, Bitcoin came into limelight with the expectation that it will fill in and give people the full satisfaction and service in terms of protection and security exchanges. Bitcoin, however failed in its quest. Leaving the hope of the people in dash and making it almost a thing of impossibility to create a transaction with the users being anonymous and maximum security being ensured until the advent of Veil lab.

The Veil Lab

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The veil project was envisioned by James burden, who was a well-industry expert in crypto-privacy, in 2018. He held a track record of founding and leading successful projects involving crypto currency such as the PIVX. The motivation behind the creation of the Veil Lab was the need for a system that provides the people with the full time privacy without breaching the agreement of anonymity. The veil project was created within the framework and structure of the zerocoin protocol. The purpose of zerocoin being adopted is to ensure that the crypto transactions are carried out in full anonymity leaving the transactions untraceable. In addition to anonymity stock rewards are given to users and veil is allowed to be mineable, that is, with the veil system, a lot of coins can be earned and you can generate passive income. The steps of obtaining stock rewards are relatively easy and they include

Downloading Veil wallet for the operating system of your device which is available for Windows, Linux, OS and soon would be available fully for android and IOS applications.

Complete the installation phase by following the instructions given.

The receiving address can be learnt by clicking "receive money" section of your wallet and send here some veil.

Activation of the staking process by activating the staking tab in your wallet and you then permanently leave your wallet open .

Veil became an open source hybrid project on the 1st of January, 2019, making use of the ringCT and the zerocoin protocol. Veil consists of a hybrid proof-of-stake and proof-of-work system with a well laid out plan that will achieve the utmost level of decentralization. With the POS consensus, the process of mining has been made easy and it doesn't require much specialised expensive mining technology allowing much more users to participate in the process. Aside the always-on privacy and the anonymity in transaction Veil lab provides the masses with an enhanced user experience as it aims to be massively adopted. Thus, they are focused on making it easy for an ordinary user to use the technology built into veil and its platforms. This led to the development of the multi transaction zerocoin spends as a solution. In conclusion, veil has been created to drive humanity into greatness.

How To Purchase Veil

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You can buy Veil coin from the exchanges listed below.

Team

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Roadmap

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