Veil: Uniqueness Of Veil From All Other Privacy Coins!
Welcome to my blog! For some time now, I have been talking about Veil, it's technological advancements and innovations, it's partnership with other big privacy projects. But today, my focus will be on Veil's Uniqueness from other privacy coins. If you followed my last edition of Veil, I stated that there are other privacy coins in existence. Veil isn't the only privacy coin existing. Other privacy coins such as Monero, Dash, etc are also in existence with each employing one tech or the other. With each performing one or two of their unique quality. However, what makes a product different in a competitive market is "Uniqueness". That is to say, what makes a product or project stand out best amongst other same products or projects matters. Pardon me to borrow marketing jargon "Selling Points" or "Unique Points (UP)".
Despite all these privacy coins in existence, Vein still stands out best, remaining the king of all privacy coins. Let me prove my assertions right!
Firstly, let me briefly remind you WHAT VEIL IS;
Veil project was developed early 2019 when all projects are developing ICOs, IEOs, Premines etc. However, looking at the market situation, the Team behind the project Veil decided to launch without an ICO, IEO, or a premine. Veil is a fully funded project backed by the team. Veil is the first privacy coin built in strong privacy projects such as Zerocoin, Bitcoin core version 0.17.1, Dandelion Protocol, and RingCt.
Veil is the first privacy coin to give a 100% privacy without compromise.
Veil is the only privacy coin that allows it's holders and investors to stake on the platform and earn anonymously.
Veil is the first Privacy coin to combine strong forces such as Zerocoin and RingCt and some other privacy projects in its operations.
Veil is built and designed in solid technologies. First privacy coin to be fully funded and has self-in-built funding technique.
Veil is the first privacy coin that gives a 100% privacy without compromise and security.
Veil network will also operate consensus algorithms and hybrid proof-of-work and proof-of-stake.Veil is the best privacy Coin so far because it combines one or more strong technologies in its operations. What are these technologies Veil employed. They are;
Zerocoin: Zerocoin protocol is based on zero-knowledge proofs. This is a protocol that allows computations to have been proven before taken place. Relating this with cryptocurrencies, the Zerocoin protocol allows senders, receivers to make transactions anonymously on the blockchain/platform. The Zerocoin protocol keeps users transaction histories private and secure on the platform.
Dandelion Protocol: This is also a strong backed in technology that makes Veil project unique. With dandelion protocol, transactions made on the platform becomes impossible to be traced to any source be it the sender or the receiver. Awwwn, this is amazing. Let's take bitcoin transactions for example. Mr A sends some btc to Mr B. The transaction goes to explorer network. Mr C, Mr Davis etc can actually view the transactions that went between Mr A. And B by simply going through the transaction nodes/history. The implication of this is that, such parties are prone to hacks and monitoring. But with Veil unleashing the Dandelion protocol, it makes it impossible for anybody to trace transactions carried out on the Veil network.
Bulletproof technology is also employed in the Veil network to ensure that minimal transactions sizes are carried out or on the platform.
RingCt is also a strong technology backing Veil network which ensures that all transactions on the platform remains as anonymous as possible by providing a always-on privacy.
Conclusively, Veil will unleash more technologies in its operations to remain the best and only privacy coin soaring in the industry and in the future.
For more updates on Veil stay tuned!
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
Does Veil staking requires MasterNode or just free node staking?
Free staking... Just ensure to have some veil coins in your veil wallet and you would earn anonymously on the platform...
@Capableuwa, Find out more on how Veil staking works by visiting 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/
I've been seeing some articles on VEIL and I keep asking a common question, how does VEIL surpass other privacy coins talking about uniqueness? I think this is the best post I've come across because it explains it all. I've also been asking what it takes to run a masternode on VEIL but this still explains the free staking concept, it's a blast. I'm not a fan of privacy coins but I'm really impressed with this one.
@Deodivine has said it all. Was also about saying that. This content is the best I have seen and read so far. It simplified and well detailed. I have been able to grab a major interesting thing which is the fact that one can stake Veil and earn anonymously on the platform. This is awesome. I look forward to trading and staking Veil on the platform.
The veil ecosystem really is pretty exciting and most interesting being a privacy token and does not intend launching through crowd finding. I will be following up with the development. Good piece and well written article.