The Advent of Zerocoins to Improve Transaction Privacy in Cryptocurrency and How It Has Evolved To A More Advanced Anonymous, Untraceable and Obscure Coin Through Veil Technology

in #veil6 years ago (edited)

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Before now crytocurrency has been gaining momentum right from the underworld. Zerocoin is a sister to bitcoin which has gone on to advance users anonymity and security. However, having a great experience when conducting business transaction is what makes users enjoy any project when it comes to business transaction. Zerocoin provide users with full user protection, without having to fret of breach of privacy, it’ll offer user profile security and prevent a whole lots of incident of cyber profile breached or theft. For instance, you’ll be having a much bitcoin amount as a user in your profile wallet which will be transacted anonymously with a second party. The business transactions will be seen to others and they can well track, this is because zerocoin will support protocol anonymity.

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Going further, Veil will allow user to have a decentralized means of having endless opportunities based on transaction exchanges. As an indicator for good project, Veil project helps manage a secured transaction and as a great platform, it is fairly inspiring. Veil as a privacy based platform has its availability in tokens which allows user to access mining and staking features of the project. With the use of several, it will be of great value because mining software will made available for users as well as a staking opportunity (where a participant can earn 50 Veil coins daily by staking 13,000 Veil coins). Veil will help its users with lot of information by giving out great web contents of its latest developments, because its pools and software usage will make it more effectively utilized. Finally, veil is based on fairness among users such that it makes sure that there is transparency in the process. This offers the cryptocurency world a new opportunity to send and recieve value privately and even earn anonymously.

Inherent Benefits of Veil Coin

Security

Being of blockchain and zerocoin technologies, there will be adequate user security so that there will be productivity for users and support system when it comes to how they engage with one another.

Exchanges

With an adequate , robust exchange ecosystem be assure that you as a user will get to enjoy great way to make business transaction and exchange tokens easily.

Transparency

Equity and fairness is a soul of any project, and veil will give its user the best of what they desires without needs to discriminate anyone.

Reward System

The reward system was released as at March 27th, 2019. Many users have already started using this promotion that only last for about month and afterwards incessantly run till further notice. But there is a reward system that helps users getting engaged through veil platform which could be through mining, staking or the bounty program. I’m pretty sure there is more to this platform that benefits users. With veil project, users will have some real fun and still earn some royalty. Veil platform promotions will help user have world class reputation while still getting reward.

Conclusion

Veil is a platform that makes use of online mechanisms to serve its users better. It has a lot of great features which makes it easy for user to thrive within their capacity. As a decentralized project that aims at disrupting how blockchain and cryptocurrency privacy operate, veil assures its user of excellent service and standard of operation while improving on existing privacy technologies obtainable in the cryptocurrency space.

Important Information on Veil can be found in the links below;

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

Author Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=914980

Veil Address: bv1qcg6s54mmhuqmwgwc3cksksnfl8uq0rk9xemg8r

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After you wrote this post, a vulnerability that makes it possible to forge coins has been found in the Zerocoin protocol. It doesn't look like this can be fixed without moving to a different cryptographic scheme. Veil is now removing the anonymity feature as a precaution.

Will there be an ICO or IEO for this coin? It looks interesting

No. Its a self-funded project. You can only buy from exchanges such as vinex.network or stex.com or mine it