Happy new week Steemians, welcome to another review of Veil on my blog.
Just as we all know that several people wants some level of privacy in their activities and everyday life for the reasons best known t them, the same thing happens In the cryptocurrency world which is the reason behind the advent of Veil technology.
Some projects have tried to address this issue in the past but unfortunately, there are downsides to their solutions which make it still uncomfortable to adapt to by users.
Veil in its plight to address came up with a lasting solution which will not only give all its users uncompromised privacy but also provide utmost security for them.
Before I go further talking about Veil technology, I will like to remind us about the importance of privacy coins. Privacy coins are meant to ensure the anonymity of users via a private ledger. This are being done by encrypting or masking wallet addresses thereby recording transactions in an anonymous fashion which is completely unknown or undetected by a third party. You will agree with me that there are some cyber criminals who trace transactions via the activities on a specific blockchain and based on this, they devise several means of hacking wallets containing large funds.
But with the advent of privacy coins, it will be impossible to trace random transactions by any third party, both sender and receiver addresses will be hidden including the amount being transferred thereby putting an end to all sorts of cyber attacks.
Veil Technology Solution
With the solution being provided by Veil, not only will there be complete privacy but also top security to all its users’ transactions.
We have seen some privacy coin project such as Dash, Monero and Zcash but it has been noticed over time that these coins are still incapable of ensuring safety of transactions and complete privacy and as such, Veil project has gotten based its technology on both Zerocoin and RingCT technology protocol in order to achieve an unbeatable and full proof privacy to all its transactions and at the same time provide maximum security.
Veil has also made available its wallet for download for Linux, Windows and macOS users with an excellent easy to use interface for all users.
Users of Veil platform can also several coins including Veil and earn passive income for themselves as well. In order to receive these rewards;
- Users need to download Veil wallet version for their corresponding operating system
- Finalise the installation of the wallet on your PC
- Purchase some Veil from exchanges and send into your wallet receiving address and
- Turn on staking process by activating the staking tab inside the wallet and make sure your wallet is opened.
As a result of the endless efforts that the set of team behind this technology are putting in day by day to ensure progressive development and also the continuous research constantly being done by Veil labs, then it’s evident that this project will cause a whole lot of improvement in the cryptocurrency space via its uncompromised privacy and security it’s offering to everyone.
Please don’t hesitate to check the following links for more enquiries about Veil technology;
FACEBOOK
TWITTER
REDDIT
GITHUB
WEBSITE
TELEGRAM
DISCORD
ANN THREAD
Bitcointalk Username: dvmmayowa
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=2505500
Veil Wallet: bv1qyaynt3gxq593mmcpchdpj4qxx3ss0lxttmtmwn