Yes, it's another week. A great one as such with so many events lined up in the crypto space. As usual, we expect the bulls..I was reading through a blog some days back. And a user commented on the blog saying "can blockchain technology ever witness privacy and security?" "Will a time come when transactions made on blockchain technology will be untraceable?". I smiled at the questions of this naive thinker. Right in my mind I said "Only if this dude can get to his phone and DYOR about what privacy coins are", "if and only the dude could be informed about the inception of VEIL COIN". These shallow thoughts of his triggered my researches on Veil Coins and Privacy Coins at large and I have come to the conclusion that, the earlier we adopt privacy coins, the better for our privacy and convenience on the crypto space.
Once again, I welcome you to my blog. I am still your favorite blogger/writer Modanalee! On today's edition of Veil Project, I shall only talk about the core values or say the core technological advancements unleashed in Veil network. These are what Veil is made up of, what makes it unique and different from other privacy coins, or Driving factors of Veil.
Privacy Coins are for sure the hope and future of blockchain technology. Bearing in mind that more than 4 privacy coins existed (Zerocoins) amongst which Veil coin happens to be one of them. What makes Veil coin different from these privacy coins is the fact that Veil's combines strong privacy technologies in its operations such as Bitcoins 0.17.1 core system, RingCt and Zerocoin.
Veil seeks to solve 3 core issues in the crypto space namely:
- Privacy
- Security
- Convenience.
CORE SYSTEMS UNLEASHED IN VEIL PROJECT.
What a project is made up of goes a long way to determine if it's gonna make it or mare it. It will also determine if a project can stand the test of time. Bearing this in mind, I'd exponentially state the Core Systems of Veil network. These includes:
ZEROCOIN: When we talk of privacy and anonymity, Zerocoin is the best at providing all these. Zerocoin usually is always combined and incorporated into privacy coins. With Zerocoin unleashed in the Veil project, users are sure of a secured and private transactions. Users are sure of untraceable transactions and anonymity on the platform. The implication of this is that, transactions carried out on Veil network becomes anonymous and untraceable by any body which means that no hack or theft can successfully be carried out on the platform.
Bitcoincore's 0.17.1 operating system: Veil untilzes bitcoins dandelion protocol/bitcoincore 0.17.1. This software is the most advanced software to curbing securities on the system. With bitcoincore's 0.17.1, security vulnerabilities has been curbed to bearest minimal.
Consensus Algorithm of PoS and PoW: Another intriguing system of Veil network is its consensus algorithm of PoW and PoS. These enables users on Veil network to enjoy UNINTERRUPTING experience and passive income on the platform. As long as your wallet is connected to veil network, you are sure of earning some coins. Above all, holders of Veil coins gets some dividends for holding Veil.
Veil Wallets: The wallet is an integral part of the Veil network. To effectively maximize the Veil network, users will have to create their veil wallets on the platform. With Veil wallet, users can purchase some coins from exchanges where Veil is traded and stake it on the Veil network.
ESSENTIAL FEATURES OF VEIL
Features of Veil include,
- Always-on-privacy: With Veil's always-on privacy, this makes it impossible for transactions to be traced.
- Passive Income: Users will get to earn passive incomes by either mining the coins, staking it or even throught the bounty. For instance, in staking the coins, holders of Veil coins in the wallets get some incomes/dividends for holding.
- Self-sustaining: Veil project has no ICO or Prominent unlike every other project. Hence, Veil is a strictly self-funded project.
- Staking: Earn by staking your coins in Veil wallet. All you have to do is send in some Veil's coins to your wallet, activate the staking system to get started.
- Mining: This is yet another feature and element of Veil platform. You can also earn more by mining the currency. There are softwares and mining pools for this purpose.
IN CONCLUSION
Veil has been able to profer lasting solutions to the core values and issues related to the crypto space; privacy, security and convenience. Veil still has a lot to achieve. Be a part of the new beginning of a bright future of privacy uncompromised...Veil is the key to always-on privacy and Privacy without compromise. JOIN THE REVOLUTION OF VEIL and the new era of Privacy Coins!
For more information:
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: Modanalee
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2491710;sa=summary
Veil Address: bv1qtu27ytwkr0du75rq443g5g0p5a4t58esgvdu6j
I remembered asking same question, this article really enlightened me about privacy coins, and veil seems to be doing the most presently, I'll keep my eyes on it.
Privacy coin are future.. It good I found out about veil early
Privacy coin are
Future.. It good I found out
About veil early
- jamisky
I'm a bot. I detect haiku.
I can proudly tell you that Veil is the best privacy coin ever. Can you see it's features it brought? Can you feel the generous benefits it brought? Veil is a blast indeed!