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Blockchain has been a source of tremendous joy to many, it has succeeded in turning things around for a lot of individuals and organisations, on the other hand the said technology has caused some level of havoc to people as well through the huge level of volatility and porousness in security that comes with it. This situation has made a lot of people flee from the platform as a result, because the situation is something that has lingered for quite some time.
Just about a year ago, a very prominent crypto exchange was hacked and lots of funds were lost as a result, this issue of hack and resultant funds loss isn't present only on exchanges but on our personal wallets as well. This is one major issue that has lingered in the crypto space for some time now and if not well handled, could possibly cause more troubles in the future and further hinder the adoption we so much crave for in the space.
Veil is an innovative crypto project that has come with solutions to many of the issues that has affected the crypto space for some years now.
Veil project
This is one project that has stepped up to solve the issue of security that has to a very large extent affected the space in adverse ways, it does this by employing the zerocoin protocol. The zerocoin protocol works in such a way that the identity of both parties involved in the transaction are being concealed and kept undisclosed to mischievous third parties.
Besides just providing an unhackable security wallet to its users, the veil platform also make it possible for its users to stake and receive more veil coins as long as they hold some of these tokens in their wallets. The veil staking system isn't like other staking systems, it's designed in such a way that all users will be very much satisfied with the outcome.
Veil staking procedure
First, you will have to download the veil wallet that is compactible with your operating system (OS). The wallet is still unavailable for IOS and Android as of now.
Next is to install and set up the wallet properly.
Deposit the amount of coins you wish to stake into your veil wallet in the app, by coping the deposit address and sending across to the sender.
Proceed to stake by clicking on the staking option inside the wallet, ensure the wallet is left open and running through out the entire process.
About veil coin
The maximum supply of the veil coin is 300,000,000, although the circulating supply is just around 5% of that figure. The coin can be readily mined and also purchased on a number of exchanges like Vinex, Stex, Graviex, etc with significant trading volumes as well.
Summary
Coming across significant projects in the crypto space is a very difficult venture, and most of the project in the space currently are hosting one form of token sale or the other, but veil is one project that has been doing just fine without the need to raise funds from the public, yet it offers a better level of security and privacy to all users of its platform.
Important links:
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: Dimkpakpa
Bitcointalk Profile url: https://bitcointalk.org/index.php?action=profile;u=2433148;sa=summary
Veil Address:
bv1qn7du0ms93v4lt9048760gegd48f8amprptyys4
Technically, this is a good project and I hope all that was stated will goes beyond mere paper talks.
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