Privacy of identity and other related affairs is of enormous concern lately, people go as far employing numerous technological techniques just to gain privacy in many sphere of their lives, but alas it seems as if these all the employed techniques are not sufficient to achieved what's truly soughted. Another key issue is the fact that most people who make attempt at fostering privacy are centralised entities, so these leads to huge level of compromise who inturn affect the quest to provide privacy.
Just some couple of years back, the world encountered a breathtaking technology called blockchain, which is highly secured, scalable and decentralised, and virtually everyone in the world got attracted to it at the time. The aim of creating the blockchain is to help save the vast majority of the world from every form of financial oppression.
The goal of creating cryptocurrencies is to help give more security, transparency and anonymity to our everyday financial transactions. But in truth, this transactions cannot be said to be entirely anonymous since most of these transactions can still be traced on block explorers. This gives credence to why some privacy coins were created to help foster some decent level of security and privacy to our financial dealings.
Privacy coins
The main goal of creating privacy coins is to help provide complete private transactions using private protocols, and this is achieved by hiding both the sender and receiver's public addresses. The known privacy coins in existence today includes Dash, Zcash, Monero, PIVX etc, though they help in providing a certain level of privacy to their users, it is obvious they are still accompanied with a number of flaws here and there.
Veil's perfection
Today let's take a look at an amazing cryptocurrency based financial privacy project called Veil. It seeks to provide a complete level of privacy solution to its massive audience. Veil was begotten from the merging of two different blockchain protocols (hybrid), in order to help provide users with he benefits of both. Unlike most other projects, Veil is completely self funded by a set of enthusiastic blockchain developers that have been part of other related blockchain projects too.
The IP addresses of users using the veil platform are also completely masked, using the dandelion protocol, making it impossible to trace every transaction carried out on it to its original source. More to it is the fact that transaction sizes are also drastically reduced in order to improve scalability, a situation that is greatly advantageous for users of the veil platform. The use of a dual concensus algorithm also helps to provide absolute decentralisation and restoration of wallet private seeds without needing to get them backed up on our gadgets where thy could easily get hacked.
Final notes
Going by all that has been said it becomes apparent that what veil seeks to create is a coin that will be very friendly to users and at the same time focused vividly on providing the best for its users as far as privacy is concerned. Besides just making the veil platform very easy to use, it also offers a superior level of security to its users by ensuring that all transactions carried out on it are not traceable. In no distant time veil will become everyone's first choice as far as choosing a platform for privacy is concerned.
Click on the links below for more info:
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
Btt username: Odetolala
*Bitcointalk Profile url: https://bitcointalk.org/index.php?action=profile;u=2433138;sa=summary
Veil Address:
bv1q50ar7ag7hsw3enupytf75cmfq5jmdk3xsxjctt