Introduction
Currently all we know that blockchain technology is a revolutionary technology because it is a fully secured, reliable, immutible, incorruptible and unhackable that's why we called it worlds the best technology. That's why many of companies and business institutions are spending billions of dollars to adopt this revolutionary technology. In 2008 this technology has established and used in cryptocurrencies and no one can no how this technology can change the world in up coming 10 - 15 years. Now we all seeing that's how cryptocurrencies are developing in the present financial ecosystem.
Now your thinking about cryptocurrencies, cryptocurrency is a decentralized platform and it can provide faster, transparent and secured way to perform financial transactions. In the todays world we are seeing lots of cryptocurrencies and based on that projects, in that veil is also a good project which can bring full time privacy in financial ecosystem.
Problems
Presently having lots of problems with privacy focused network so that we need external development of their networks and improvements and also solve so many problems which are arise in between running project.
As we know, we have many privacy coins in the cryptocurrency market such as montero, with its RingcT technology and zcoin which is based on zerocoin are all providing full time privacy and superior anonymity but we have drawback that is, These coins are only making some types of transactions are publicly visible means less than one percentage of all transactions in the networks are private.
Zerocoin system usually allows only single transactions and that transactions must be in fixed number of denomination so that transfer of funds was delayed. Now we need to address this problem.
About Veil Project
Veil project is specially built to improve privacy network and provide solutions to present scenario problems.
Veil project can improve privacy focused cryptocurrencies by providing them a secured, reliable, transparent, anonymous and full time privacy network.
Veil has created the best researchers and blockchain developers team to provide or offer good user experience and development of their network. To take this research long term they does not required any funding procedure because it is a self funding project and it is going to combine the world's most famous secure blockchain network software bitcoin version with advanced based privacy protocol zerocoin to provide full time privacy to its users. To monitor all transactions in every time and keep them in private there is need to on always on privacy and efficiency, so to provide that option veil will add ringct privacy to its project.
Veil project will work on two proof one is proof of work and another one is proof of stake. The proof of stake system will provide maximum decentralization, emergency, efficiency and a good mechanism to earn veil coins, These coins will be available only through zerocoin denominations. Veil project allows to send multiple transactions with transparent mode.
Veil will provide wallet with more options to help their users. Veil project is operating labs to give push to technical boundaries for privacy and anonymity.
To know more about Veil kindly follow these links
Website :https://veil-project.com
ANN Thread :https://bitcointalk.org/index.php?topic=5065331.0
Social media links
Facebook :https://www.facebook.com/projectveil/
Twitter :https://twitter.com/projectveil
Telegram :https://t.me/VEILProject
Discord :https://discord.veil-project.com/
GitHub :https://github.com/Veil-Project
Reddit :https://www.reddit.com/r/Veil/
About author
Bitcointalk name : Balu1008
Bitcointalk link :https://bitcointalk.org/index.php?action=profile;u=1924676;sa=summary
ETH address :0xE6aE87Ffd560e40817ed53DcAa2b61F7c77626e7