Hello as we earlier said in our previous article about veil project as a privacy coin which superced all order privacy coin,many questions people may ask " will privacy coin last the test of time"?
As simple as this question seem, the answer is however, far-fetched. The fact that a lot of these coins thrive makes one uncertain as to which would last or survive time. In this write up, I shall pick one oprivacy coins as case study this include, Veil coin and Would better discuss it's pros and cons.
Today, i present a special attention of projects (VEIL) that can provide investors with additional opportunities that will be a guarantor of the safety of digital assets from depreciation. VEIL was founded by James Burden. James is a recognized industry expert in the area of crypto-privacy, and has a track record of founding and leading successful cryptocurrency projects
VEIL PROJECT
Veil project is a blockchain based project built on the framework of strong technologies such as Zerocoin and RingCt protocols. Also adopting the Bitcoin's Dandelion protocol, Veil seeks to ensure that transactions are carried out 100% Anonymous. Veil coin is the currency of Veil project. Veil coin would would unleash in it a always-on privacy protocol which makes it impossible for transactions made on the Veil coin untraceable. Veil has numerous benefits and rewards it gives to users... These rewards ranges from mining, staking, bounty etc. For instance, Holders of Veil coins gets certain number of Veils daily for holding Veil coins on the platform. Passive income is a sure game in Veil platform.
Fundamental Technology
Zerocoin Protocol and RingCT innovation
To begin with, what is Zerocoin?
An innovation that expects to guarantee protection for clients in the bitcoin organize. It is the underlying adaptation of ZeroCash convention, the innovation that is currently utilized by ZCash.
How Zerocoin convention functions?
Picture appeared above is a case of how Mint exchanges work. (For this situation, model would be in Veil)
From wallet An, it permits a non-unknown (Basecoin) Veil to be changed over to (RingCT) Veil (in various group however on a similar esteem) at that point would be gotten in structure (Basecoin/RingCT) Veil contingent upon which wallet is utilized. (sv1 or bv1).
Zerocoin convention is exchanging obvious coins, printing another coin, isolating it into various divisions, at that point gotten by the collector with no immediate contact from the sender since it would come into your wallet in type of an alternate mint piece in various sections BUT with a similar esteem.
HOW VEIL REWARD SYSTEM WORKS
On the Veil stage, each client and holder of Veil coin is qualified for detached livelihoods from holding/staking. Here are what you have to do to join the Veil's reward framework.
First, all things considered, is to download the Veil wallet and introduce it. The wallet is accessible on Windows and linux gadgets and so forth.
Introduce the wallet on your gadget by contributing a solid secret phrase and sponsorship up your private keys.
Head down to your accepting location and send in some Veil's there. Shroud coin can be obtained in more than 4 trades such citex, Vinex and so on. Buy some Veil coins there and send to your cover wallet. Staking resumes.
Empower your Veil wallet staking framework and start staking. Win secretly through staking on the stage. Easy revenue is certain!
Veil become worldwide in its field(PRIVACY) and bolstered based on the blockchain, along these lines verifying all speculators and purchasers, giving a steady salary and trust later on.
Find out More about Veil project with this Links
WEBSITE: https://veil-project.com/
TELEGRAM: https://t.me/VEILProject
DISCORD: https://discord.gg/rrYxjBh
ANN THREAD: https://bitcointalk.org/index.php?topic=5065331.0
FACEBOOK: https://www.facebook.com/projectveil/
TWITTER: https://twitter.com/projectveil
REDDIT: https://www.reddit.com/r/Veil/
GITHUB: https://github.com/Veil-Project
Bitcointalk username:livingstone9
https://bitcointalk.org/index.php?action=profile;u=1358646
Veil address : bv1qam7txdxe6xk2k2dhhxgd6d70z4zf8vvy0eezj3