Hello readers, good to be back again after a Lil break. Need I remind you the need for privacy on blockchain technology? Oh, it's of great necessity. For some time now, I have been on the need for privacy on the space. I am still on privacy and my popular coin of discussion is VEIL PROJECT.
Privacy on blockchain has been reconstructed, all thanks to the awesome innovations of Projects such as Veil.
Let me remind us WHAT EXACTLY PRIVACY COINS IS
Privacy coins are coins that make use of a highly advanced privacy protocols to shrewd transactions made on the ledger. They are privacy centered coins that allows transactions made on the network not to be traceable by a third party. The implication of this is that such transactions are safe, such individuals are protected by hacks and thefts. Privacy coins are those coins that gives almost or if not 100% privacy without compromise. That is, users transactions are 100% private without any compromise.
TYPES OF PRIVACY COINS
Privacy coins abound. We have over 4 types or examples of privacy coins namely:
- Veil coin
- Monero
- Zerocoin
- Dash
- ZEC etc.
So far so good, all these coins has proven to be good in their own unique ways. But the best of them all is Veil coin. Veil coin has employed strong privacy technologies in its operations to provide a 100% privacy without compromise.
WHAT IS VEIL
Veil is the child and brain idea of Veil team and Veil labs. It's a crypto currency that has been designed having core value for privacy on blockchain, to unleash a .a full-time privacy without compromise and Annomnity on the blockchain.
Veil coin is a privacy coin which combined the use of strong privacy technologies such as Zerocoin protocol, RingCt protocols and Bitcoin's Dandelion protocol in its operations. Veil coin is a security project created within these frameworks to give utmost secure and private.
WHAT IS ZEROCOIN PROTOCOL
Zerocoin protocol is a technology created to ensure that transactions made or carried out on the ledger is confidential. The implication of this is that, transactions made between the Sender and the receiver are not known to anybody. They are made in confidentiality.
VALUES/FEATURES OF VEIL PROJECT
Veil project and its innovative advancements are what we can not be ignored. Since it's inception, it has brought more good to the crypto space generally. Below are some core features of Veil project.
- Privacy: Privacy is at the heart of Veil project. It has privacy as a core value. With this, transactions made on Veil network becomes private, secure and free from the third party. This way, hacks and thefts are curbed on the blockchain to its barest minimal.
- Confidentiality: Veil has been built also within the frame work of confidentiality through its use of Zerocoin protocol. Zerocoin protocol is a technology that is designed to bring about confidentiality on blockchain. With Veil having Zerocoin in its operations, it ensures utmost confidentiality in its transactions. That is to say, transactions made on Veil network becomes confidential in such a way that the users worth or money is made confidential. Nobody would know or tell how much money you have, or how much transactions you have made.
- Privacy is Decentralized: Another core value or feature of Veil project is that privacy is not centralized. Rather, privacy is decentralized in such a way that it is not created, controlled or managed by anybody neither is it abiding by any law or regulations.
Conclusively, privacy is a great necessity to the crypto space as a whole. The earlier we adopted this privacy the better for us. Veil project is the deal. The real deal is: We all need PRIVACY! Veil is with the solutions to our privacy. Key in!
For more information about Veil, check:
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: Modanalee
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2491710;sa=summary
Veil coin wallet: bv1qtu27ytwkr0du75rq443g5g0p5a4t58esgvdu6j
I Anticipate Mining some Veil. Am only waiting for my mining softwares and pools to be ready. I can't wait.
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When will blockchain as a whole reconstruct privacy? Kudos to Veil team for taking this bold step
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After reading this lovely piece, I begin to reason what makes veil better than like of monero and dash
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The use of zerocoin protocol has proven to be reliable in obfuscating transaction data, nice one veil
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