Yes you heard it all right. Veil is the first zerocoin that has fully implemented the always on privacy. Not just by words but in actual tech itself. First of all, I know a lot of you here are probably new or not familiar with this zerocoin. I know a lot of question running in your head about this but let me give you a slight background what is this and what does the advantage of this consensus over some native protocol out there. Also. take note this isnt an ICO project meaning no money was asked by public community to develop this project which for me bumping into this project give me an awesome appeal and 100% caught my attention.
ZEROCOIN?
Now what's so special about it? Zerocoin has an advance security and anonymous system. In other words, you can have you're privacy when conducting transaction. Zerocoin ensures that security is very well implemented on this mechanism. Blocking with full anonymity isn't so bad since it prevents a lot of incident of potential hacked and breached. How is this good? For example, youre holding a massive amount of bitcoin in you're bitcoin wallet. Those transactions are visible to others and they can very well watch and track you until they try to plan something on your holdings. Scary right? While zerocoin protocol endorse solely anonymity.
It has an advanced security and anonymous system. Which I'm pretty sure investors with big pot of coins will probably like about.
Zerocoin protocol ensures the security of all transactions on the platform. It has implemented security features that are not available with other competitors. This will enable the platform to secure the debit and credit card transactions while maintaining a high degree of transaction anonymity.
Now let's proceed to the main attraction. Based on my article title I can pretty sure you will be thrilled as well. This article will focus on defining those features which will kill other projects based on comparison and uniqueness of Veil.
WHAT VEIL CAN OFFER?
The most exciting part that caught my attention is the way how veil circulate. As you can see, a project with no fund raising activity but such have a wide spread circulation is very healthy stance for the project.
There are four ways to acquire Veil and soon it will be only 3 so the 4th way is only for limited time.
BUY
Im quite surprised when I scanned the veil they already listed on some exchanges. This is a good indicator though the project isnt an ICO they managed to secure a listing from prominent exchange. A solid proof that the team handling the project is quite impressive. Here is the list of the exchanges you can buy them.
Exchanges where veil available
- Vinex Network
- Txtbit.io
- Bisq
- Graviex
- Chainrift
- Zolex
- Stex (recently added)
MINING
This isn't a token so therefore everyone can acquire it through mining aspect. No premined happened, and what's great is they already have mining software and pools for you to use.
Here is the list of Mining software and pools based on their website but I'm not sure if this is updated maybe they already added more. Just regularly check their website for current update.
Mining Software:
- SuprMiner
- CryptoDredge
- T-Rex
- Wildrig
Mining Pools:
1.Veilmine
- Suprnova
- BSOD
- Coinblockers
- NLpool
- Nosuchpool
- Blockmasters
- 1stMiningPool
So far these are the softwares and pools that you can used. Better to set up now and start mining. In fairness they already have few tools to dig in some veil.
STAKING
Yes, youre right aside from mining I cannot believe you can also stake and earn coins using their wallet. Somehow makes me think that this is really an awesome project. Imagine you can mine and stake at the same time? This is something other's can't offer easily.
So what you guys waiting for? Set up now, and go to veil labs where delegate staking can be enjoy. Their current version is 1.0.2.0 and can be tracked via github. Using veil tools on the web you can set up now everything you need. The wallets are available on Linux, MAC, and windows.
Soon they will release the mobile app verison on both android and Apple. I hope mining and staking can both integrated.
BOUNTY
So this is the last way of acquiring veil coins. This is just release last March 27, 2019. As of this writing many already participated and the campaign will last for a month and continuously will run. But Im sure there is an end to this so make sure to join. Have some fun while earning. Promotions or anything that can help Veil gain topnotch popularity and you will be rewarded.
Details are all here. https://bitcointalk.org/index.php?topic=5125073.0
CONCLUSION
Why Veil? It has a solid ground foundation. The mechanism they used is a combination of zerocoin and ringct which I think the most private and secure method for transaction. Not only those, both POW and POS protocol has been managed to integrate which means you can do both that IM PRETTY SURE other's can't. I hope you like the presentation of this article. Maybe I will discuss later on the specifics and technical stuff how the ecosystem of veil works on their platform. Thanks all folks hope you enjoy reading. Be sure to follow and wait for another exciting blog about Veil Project.
NOTE: This isnt a financial advice and the author express his interest towards veil.
VEIL CONTACT INFO:
Website: https://veil-project.com
Discord: https://discord.veil-project.com
Facebook: https://www.facebook.com/projectveil/
Twitter: https://twitter.com/projectveil
Telegram: https://t.me/VEILProject
Bitcointalk Forum: https://bitcointalk.org/index.php?topic=5065331.0
Github: https://github.com/Veil-Project/veil
Reddit: https://www.reddit.com/r/veil
Creator of this article:
bitcointalk username: cryptoaddictchie
bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1269701
Veil Address: bv1q7l37rsup0c8ul7cdvpllmtmm4uwclld22pd73s