Hello readers! Welcome to my blog... It is a known fact that The importance of privacy on the crypto space cannot be over emphasized. It was for this reason that privacy on the space becomes a sought-after treasure. Still writing on Veil:
privacy and confidentiality is a major issue. People who are really concern about their privacy in every field of their life, practice many technological methods to protect privacy. But alas, none of the technological methods are not capable enough to provide protection for our privacy.
What are Privacy Coins?
In the simplest terms, a privacy coin protects the anonymity of its users and features a ledger that is private, like the name suggests. In most cases, wallet addresses are masked or encrypted and transactions are recorded in an anonymous fashion leaving even the most steadfast snooper scratching their heads. These privacy coins are created to provide complete private transactions using private protocols. The main aim of privacy coins is to hide sender and receiver's addressees including transaction amount. Today there are many privacy coins such as Monero, Dash, Zcash, PIVX and etc, are providing services to users but not all of them are perfect in maintaining complete privacy. Research shows that not every transaction done through these privacy coins are completely private and they are using unproven technologies to perform these transactions. This led to the creation of Veil Coin.
VEIL PROJECT
The sole purpose behind establishment of Veil project is to provide absolute privacy and top class security for al crypto users. In order to accomplish this, Veil has successfully partnered with ZeroCoin and RingCT Technologies in order to run a full proof and unbeatable privacy solution which will keep both transacting parties in an anonymous transaction mode that is not visible to the third party. Also, transaction magnitudes will be reduced by the usage of a bullet proof technology.
VEIL WALLET
Veil wallet is available for download in Windows, macOS and Linux version. The mobile version of the wallet will be released later which will be available for both android and iOS.
Features Of Veil
- Always on privacy and security
- Self sustaining without requiring any third party to maintain continuity
- Anonymous Passive income opportunity.
Benefits Of Using Veil Platform
Using the Veil system, you can earn a lot of coins including Veil and earn passive income. You can follow these explanatory steps to obtain stock rewards.
Step 1 - You have to download Veil Wallet for your own operating system. And the wallet is now available for Windows, Linux, OS. In addition, Android and iOS applications are under developing.
Step 2 - You will need to complete the installation phase according to your operating system by following the necessary steps.
Step 3 - You can learn your receiving address by clicking "Receive Money" section of your wallet and send here some Veil. You should transfer the Veil coins you have on the exchanges.
Step 4 - Then you activate the staking process by activating the "Staking" tab in your wallet and permanently leaving your wallet open.
Conclusively, Veil implementation in the world of cryptocurrencies will show progress in the rapid functioning of privacy. By adopting advanced technology and its own funding system for marketing, bounty and other activities, Veil Labs has pulled in enthusiasm from some of the world's leading academic institutions will support that Veil Project continues to maintain sustainable development in crypto privacy.
Useful Links
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: Modanalee
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2491710;sa=summary