Privacy literally can be said to mean the ability or the essence of shutting off or secluding an individual or group of people from the information or data of a particular individual. Here, the general public is denied any right or privilege whatsoever to access the information of the individual without the consent or approval of the individual. The issue of privacy should not be undermined in any way whatsoever because contrary to it or in otherwords barging into someone else's privacy is like intruding in the person's personal life. Relating this to cryptocurrency setting, gaining access to people's person data or information without their consent, can basically expose a lot of things like their crypto assets which they intruder can syphon in a twinkle or use his or her personal data to commit certain crimes that will end up putting the individual in trouble that he or she knows nothing about.
The development of blockchain technology system however brought about a system whereby instead of data or information to be concentrated at one point thus making it prone to cyber attacks which will eventually lead to loss of data and in return gives the intruder the right to barge into people's privacy without their consent, data was thus dispersed in a decentralised manner which was futher termed the decentralised setting and this was the basis on which bitcoin and others was created thus giving users full control over their assets and thus the right to decide what happens to their assets.
Also relating this to the pictorial aspect of the privacy focused crypto assets, quite a number of approaches has been employed to fortify the issue of privacy which in some cases have been beneficial as well as challenging.
Monero which is an original privacy coin together with it's RingCT technology which provides it's users with full scale privacy however, the RingCT on the other hand, provides sophisticated mixing and also there is not enough facts or evidence to pove whether any form of resources will alter the basis of the Monero transactions also exists the Zcoin who has it's own benefits to offer in terms of privacy though the all have their shortcomings which the VEIL platform focuses on solving.
VEIL PLATFORM
Veil is a platform with the core aim of working to offer lasting solutions in other to improve the current condition of privacy based crypto assets
by creating or developing a platform that will offer full secured as well as highly anonymous coins which will basically provide users of the platform with full time privacy.
WHY SHOULD CHOOSE VEIL
Basically some if not all of the current privacy coins that exists today expose it's users to certain compromising suituations as well as trade offs, some even go to the point while others allow users to indulge in a non private transactions by using advanced cryptography basis and this tends to leave their users confused. With the veil platform, privacy as well as anonymity of the users are guaranteed and thus upon completion of the veil platform's roadmap, users do not in anyway have to worry about non private transactions. Also, the platform tends to merge into its platform a system coupled with one of the most compelling cryptocurrencies in the whole world together with a privacy technology that knows no form of sustainability whatsoever. So with all these facts, is it not obvious that veil is the big deal.
CONCLUSION
Veil is basically aiming to provide a system or platform where privacy is of core essence and to acheive this, the tend to make use of systems that will help acheive this while also ensuring maximum security at the same time.
FOR MORE DETAILS ABOUT THE VEIL PLATFORM
Exchanges: https://www.coingecko.com/en/coins/veil
Wallet Download: https://www.veil-project.com/get-started/
Telegram: https://t.me/VEILProject
Website: https://veil-project.com/
How To Mine: https://veil-project.com/mining/
Twitter: https://twitter.com/projectveil
Discord: https://discord.veil-project.com/
Facebook: https://www.facebook.com/projectveil/
Veil Receiving Address: bv1qhrvpfhc46mfnprrhruf4cmwwxsej9hs07ujrld
Writer's Bitcointalk Account Username: Aakay
Profile link of Writer's Bitcointalk Account:
https://bitcointalk.org/index.php?action=profile;u=2351546