INTRODUCTION
veil is focused on privacy. It is a
Project with a mission to offer privacy to the users of digital currency. veil have over 25 members well experienced developers. it is amied to secure the boundaries for privacy and anonymity.
overview
in recent world and how things aggregate from Analog to Digital most especially in use of block chain currencies, the need to transact privately and anonymously has become an inherent human right. For years, the use of physical transaction was paramount, most recently, so many development has engulf the world in such that human prefer private and anonymous transaction which they consider as being faster and safer. Though, achieving privacy that cash offers dash in the digitally. More industries focused on fighting on emulating cash in the digital space is emerging. In the course of these, veil project is lunching veil labs. veil labs is a liable body set for research and development focused on improving upon and bringing up a new way for users to have privacy in transacting, veil labs provides new privacy technologies for currency trading(crypto currencies).
Firstly, the veil lab implemented bullet proofs in the zerocion protocol for increased scalability.
REASONS FOR PRIVACY
- Privacy is very paramount especially in the world of digital transaction done on the internet to prevent hackers, fraudulent to encroach the block chain based system where data is transparent and made public to people who downloads the block chain.
- It would be beneficial for businesses
done on block chains system to keep information as private as possible. - As a private citizen, companies do have o access to the amounts you spend and items you purchase. Veil provides a platform to reduce the companies intrude and manipulate your private account, veil ensures privacy is maintained throughout all steps of transaction and protects all participants involved.
OUR TECHNOLOGY
Our technology includes zercoin protocol, RingCT, Dandelion, and Bullet proofs. veil provides comfortable zone in terms of transaction. In other words, it's combines zerocoin and basecoins unlike many projects users manually mint their basecoins into zericoins. veil has made mint so easy for the users to automatically mint basecoins into zerocoin, basecoin transactions in veil are anonymi zed using RingCT and stealth addresses. RingCT anonymize the sender by merging the sender's digital signature from block chain history creating a final unique signature.
Recently, every 10 basecoins automatically mints into zerocoin which to the user is simply 10 veil. veil created a relationship between Ring CT and zerocoin logic by RingCT anonymizes the basecoins while zerocoin ensures the highest level of privacy .
For more insight about this incredible platform(veil) do click on the link below
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: promzy111
Bitcointalk Profile:https://bitcointalk.org/index.php?action=profile;u=2550720
Veil Address: bv1qknnuygva6m8tu483qy78s5f8zup43m7lq3dawg