It is interesting to note that both Veil and Monero ecosystems are fully decentralized crypto projects, meaning that, they’re well secure for online currency transaction that is operated through various users network. They both have transactions that are checked through distributed agreement or immutably that’s been recorded through blockchain. Even intermediaries service is not needed on both projects.
Lets take a look at VEIL project; Different from most crypto money platforms that are of BTC derivatives, Veil is solely built on Bitcoin core. It also relies primarily on Zerocoin Protocol to anonymize transactions, and uses the X16RT mining algorithm which is based on Ravencoin's X16R algorithm.
Why Veil is built for the contemporary and the future?
A. It is unique. First of its kind A platform of such magnitude like veil is so unique because it gives user the real privacy they crave for. What is so fascinating about this project is that it is highly required for user to thrive with their crypto assets.
B. Wallet: There is a need for effective coins storage which requires wallet. Coins like Zero coin, Basecoin etc will be store in a wallet by users; thereby each user will have to backup a sole seed that’s so secured. It will consist of how Veil is different from many other coin-based projects that has different backup.
C. Technology wise: There are various technologies in the digital space but Veil’s technology set-up is different from other crypto based project due to its nature that is deeply rooted on blockchain. Veil has successfully implemented the Zerocoin, Dandelion, RingCT and Bulletproof technology to provide a complete privacy coin.
D. Transparency: Taking a look at what makes a project to be considered transparent; you’ll observe that Veil has all such features making it one of the best projects where fairness and equity thrives.
E. Smoothness: Even though it’s new platform that just getting started. Veil is a great platform that built is transaction based on record purpose so that its user will enjoy one of a best transaction times throughout their time as a user.
F. It is a security based project: Veil is a decentralized crypto currency, which is of value to its user with a lot of security for crypto cash that’s being worked upon by steady technology improvement.
G. It is privacy based: Veil makes use of signatures that’s of ring, such ring is so confidential for any transactions, and secrecy addresses to conceal transaction main source, or destinations of all kind of business transactions. It gives everyone needed benefits for decentralized crypto assets, with no typical privacy compromise.
H. It is untraceable: With such feature of untraceablilty provided by the RingCT and Dandelion technology , user can send and receive their addresses or even transaction amounts in discrete form. Transaction on Veil is of blockchain framework that can’t be altered without linking to another source. i. It is fungible: This is because it’s of private automatically. There is a unit of veil that can’t be shortchanged by exchanges due to its link to previous transactions.
Conclusion
Veil is a decentralized blockchain projects that is known to serve all user with great user interface and plenty of liquidity that profit its user, and those that actively engage on its platform. Veil is the future and future is here. To progress on its platform as user, let it be known that you would to participate on various activities that would promote the value of the project; hence you keep enjoying its value for real.
Resource materials
Website: https://veil-project.com
BitcoinTalk Ann Thread: https://bitcointalk.org/index.php?topic=5065331
GitHub: https://github.com/Veil-Project
Discord: https://discord.veil-project.com or https://discord.gg//Ywyb9hs
Telegram Group: https://t.me/VEILProject
Reddit: https://www.reddit.com/r/Veil
Twitter: https://twitter.com/projectveil
Facebook: https://www.facebook.com/projectveil
Veil Address: bv1q5gxhwp975tw80mm8sz9wrfmmc4de6qfjt6n7q6
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
Thank you Cheetah for your diligence, both articles were written by same author ;)
I like privacy coins, they are mostly stable and good for long term investment especially when they are new. Where is it trading?
Congratulations @akeyboardwarrior! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!