I welcome you to my blog. How are you doing? Trust you are moving and onboard with the current blockchain innovations via privacy coins. I am a lover of privacy coin (so). For the past days, I have been making reviews on privacy coins, their promises, benefits and advancements in the space. Today, I shall I have come with a comprehensive and detailed review as to why privacy coins are deemed necessary in the crypto space. Sit back and enjoy your reading!
Blockchain technology has proven to us that its has come to stay. The technological advancements of blockchain technology connects everyone together and making transactions more feasible. This technology enables fast transactions internationally and locally.
The cryptocurrency technology is developed to bring privacy, security, lower transactions and trust to it's users. In this quest, several currencies and platforms that is based on blockchain technology have been established to fullfil these needs but their input seem to be very low compared to the expectation of the users and lovers of the crypto.
The most common issue with cryptocurrencies is the fact that privacy is lagging and indeed security. Making users and adopters vulnerable to any form of hacks and threats to their funds. Hence, the urgent need for a revo4of privacy and security coins. Privacy coins now became a major necessity in the crypto industry. These makes users to crave for privacy coins including myself writing this article. It is a belief that a privacy coin will veil your transactions and it's histories, it keeps the harshes untraceable and keep the identities of those involved in the transactions private. It also shield the wallets sending and receiving by so doing, we are sure of a secured and uncompromised privacy in our various investments as the rate of crypto-related threats and hacks would be curbed to a great extent.
CRAVE FOR PRIVACY COINS
Privacy coins are coins that gives privacy and security to crypto investments and assets. These coins generally are known as ZCOINS... ZCOINS are cryptocurrencies that ulshers Annomnity and privacy to its users. We have a lot of these currencies currently dominating the space. A few of these privacy coins are Monero, Dash, Zcash, Veil which happens to be the subject of my discussion etc. ZCOINS mostly employ some technologies in their operations. For instance, Monero's RingCt protocol which seeks to provide a more private, secured and convenient cryptocoin.
BENEFITS OF PRIVACY COINS
The commonest benefit of privacy coins are:
Privacy coin users and lovers have the ability to transfer coins anonymously on the space with their transactions untraceable.
Almost all privacy coins offer a proof of stake to its users and holders. The PoS allows users to earn a massive and passive income for holding that particular coin this can be done by holding the coins in the wallet while connecting the wallet to the masternode.
Most privacy coins have mining abilities. For instance, Veil has mining pool for users who are interested in the mining pool.
VEIL, THE BEST OF THE PRIVACY COINS
All these coins are unique in their own ways. But Veil seem to stand out best amongst the other privacy projects because Veil combined bitcoin's Dandelion Version of 0.17.1 being the most advanced and secured blockchain software. Veil also combines Monero's RingCt and Zerocoin protocol by so doing, all transactions carried out on the Veil network becomes anonymous and untraceable.
Veil also utilizes the consensus algorithm of PoW (Proof of work) and PoS (Proof of stake). The consensus algorithm of PoW and PoS on the Veil network allows users to earn massive and passive incomes on the system.
CONCLUSION
The era of blockchain without privacy and security is gone. Era of compromised privacy is doomed. A new era of privacy without compromise has been ulshered in by Veil project. Ushering in a always-on privacy, Veiling your crypto assets and making your transactions impossible to be traced. An era of privacy and security is here...All thanks to the brain behind this incredible opportunity (VEIL). The very beginning of Privacy and security uncompromised!
For more information about Veil, see!
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: Adaora2323
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2011741;sa=summary
Veil Address: bv1qxhrkrfapx74qqazahrnpwfmqrgq5qwsjtv0xld