Blockchain technology grows in leaps and bound everyday and has indeed evolved over the years for the better; there has always been a need for people to understand fully what blockchain and cryptocurrencies really mean, what is their importance and how can they be applied effectively and optimally for the good of the society, this questions have brewed the need for emerging projects that can actually give real meaning to the essence of blockchain technology and not majorly cryptocurrencies because an effective blockchain technology will imply a better cryptocurrency and the project veil is poised on delivering a modern blockchain that is very much capable to meet the needs and yearnings of a world like ours. With the advent of veil in 2018 crypto enthusiast can for sure confirm the impact of the veil project on the crypto-space, the main aim of this unique project is to ensure that the privacy of users during transaction is guaranteed and so in attaining this a team of professional developers have put in place mechanism to bring this dreams to fruition, although there still quite a number of contemporary project with provisions for ensuring privacy in transactions but veil stands out and this feat Is hinged on its ability to ensure a high level of privacy and anonymity using technology from RINGCT and ZEROCOIN with the merging of this two technologies the anonymity feature of veil becomes so high and its privacy is such that no third party can have access user information on transactions taking place on the platform. Another endearing point for veil is the power of its coin; the coin is secured and also anonymous yet very flexible for usage without any form of limitation.
Veil project has a unique digital wallet that is specially linked to ZEROCOIN, this wallet is connected to bitcoin improvement, in developing this wallet veil will only apply just one seed wallet that invariably lead to the creation of a ZEROCOIN wallet that also comes with a Basecoin wallet and so makes it much more easy for all it users to easily backup the seeds of their digital wallet, all this can only happen with veil, it’s dandelion feature makes the original IP address of a transaction to be difficult to determine and so cannot be traced. On a more technical note veil distributes its coins through a process called emission and this distribution process of veil coin is meant to last for a whole six years, for each year veil coin emission process will be divided into specific quantities for mining and distributions. As at now veil has only about 10,000,000 veil coin in circulation with total expected supply of 300 million and is expected to be fully mined after 20 years, although the current supply rate is bound to create an artificial scarcity that will increase its value and demand.
CONCLUSION
The veil project started in 2018 and has tremendously shown great progress within a very shortime, veil Is determined to do more in ensuring a high level of security and privacy within the crypto-sphere and so it will continue to explore and implore options that propels new innovations for excellent service delivery, veil is not just a self sustaining project but also that project with a potential to grow into the best privacy coin ever.
For more information visit:
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 Bitcointalk User Profile => https://bitcointalk.org/index.php?action=profile;u=364161
Bitcointalk Username => 79b79aa8d5047da6d3XX
VEIL WALLET => bv1q95vwy6qnvyj2ftrz8am04ztqeu9u0p4gc0nsd4