INTRODUCTION
The crypto money market looks pretty good days. But security issues still remain a problem. One of the biggest reasons for this is the lack of security and privacy coins. Usually, platforms who operate using the Zerocoin protocol tend to be more secured and more preferable than others . Because these coins cannot be traced, they cannot be censored by governments or banks. In this way, our crypto money transfer business is much more private. In this way, both hackers and states can't trace and interfere with the digital assets I own. In addition, another characteristic feature of security coins is the active "Proof of Stake" system. This allows you to obtain passive income in the amount of assets you have in your wallet. Before I go to the project, I'll try to explain to you what the Zerocoin protocol means, and why it's so much safer.
Veil project has two kinds of coins: basecoins and zerocoins. With most different tasks, clients should physically mint their basecoins into zerocoins, on the off chance that they so pick. With Veil, basecoins are consequently stamped into Zerocoins over 10 basecoin. In Veil, basecoin exchanges are anonymized utilizing RingCT and stealth addresses. RingCT is a technique to anonymize the sender in an exchange by combining the sender's computerized mark with irregular different marks got from the blockchain's history, making a last, one of a kind mark.Veil uses several stringent privacy technologies to improve coin privacy and build further on the developments of Monero and Zcoin. Veil employs zero knowledge proofs through Zerocoin protocol to hide all forms of transaction details between the sender and receiver.
By Dandelion protocol, transactions under veil network can't be traced back to its source. And by Bulletproof technology, Veil ensures that transaction sizes are reduced to barest minimum in bid to increase scalability a multiple folds which other privacy coins competing with Veil hardly offer.
The Bitcoin payment network offers an extremely redistributed mechanism for making and transferring electronic money around the world. sadly, Bitcoin suffers from a serious limitation: since transactions are kept during a public ledger (called the “blockchain”) it should be doable to trace the history of any given payment — even years when the actual fact. Worse, since the Bitcoin ledger is public, any party will recover this data and information mine to spot users and patterns within the transactions. In alternative words: Bitcoin transactions are conducted publicly.
CONCLUSION
I really like projects that hit and dominate the market independently. This shows that the team despite everything is doing everything necessary for the development of the project. Such projects attracts investors, which means that the growth of this coin in the future will be quite high and there is already a demand and Veil can be described as one of such reliable project. In the near future, we will analyze all these technologies that use the veil project to have a perfect look at the project from the inside. Thank you, dear friends, for your attention.
Do visit any of the links below for more information
Official website: https://veil-project.com
Github: https://github.com/Veil-Project/veil
Discord: https://discord.veil-project.com
Twitter: https://twitter.com/projectveil
Facebook: https://www.facebook.com/projectveil
Reddit: https://www.reddit.com/r/Veil
LinkedIn: https://www.linkedin.com/company/project-veil
Telegram: https://t.me/VEILProject
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5065331.0
Bounty thread: https://bitcointalk.org/index.php?topic=5125073.0
AUTHOR'S DETAILS
Bitcointalk Username: Liltinnyl
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2450337;sa=summary
Veil Address: bv1q8y0z0u8yjke6g0n4hwhu6ypnnnugjjkcadvsef