VEIL: MAINTAINING A HIGH LEVEL OF TRANSACTION ANONYMITY.

INTRODUCTION

Many of the projects that emerge on the blockchain came up with assistance through fundraising and ICOs for them to be able to do whatever they aim to do. Although that is not bad but those kind of platforms usually find it hard to sustain their values along the line when things get rough for them and then the consequences of their failure bounce back to their investors. The fact that any project is able to survive or thrive on its own without any fundraising or ICO is commendable. Veil is one of such, it is a solid network that is privacy oriented. This is the opportunity for big investors to transact without the fear of going down with their massive coins they hold.

WHAT IS VEIL?

This platform has the support of the zerocoin protocol that is privacy inclined. It has the aim of making great features of security available for the investors in it to be covered and always have anonymity in all their dealings. This is an advanced network that brings security advantage to users such that no matter how much crypto coin is held by a particular investor, it wouldn't pose a threat to them because they will always be covered as long as veil stands. This platform being a zerocoin platform speaks a lot for itself as one that takes the security of users very seriously more than anything else seeing the havoc that is being caused by hackers in other weak systems. The advantage it has comes from the security infrastructures deployed and the way it makes users conduct anonymous transactions only.

There is something about investors, most especially the bigger ones, they get really scared as they acquire more coins in their wallet due to the fact that they know there are eyes watching and aiming to get to them to steal their funds. However, all of this only get better with platforms like Veil that stand as an anonymous system where these big sharks can disguise and keep making more money from investments.

Zerocoin protocol ensures the security of all transactions on the platform. It has implemented security features that are not available with other competitors. This will enable the platform to secure the debit and credit card transactions while maintaining a high degree of transaction anonymity.

FEATURES OF VEIL

The main feature of veil is the VEIL coin. This platform use this coin as opposed to tokens because it doesn't need any fundraising programs to build its community. Even without all the supports that other platforms have, it still functions well beyond them and find it easy to spread this Innovation even though it didn't rise through the same program like others. However, the coin can be gotten from exchanges as it has already listed it so that serious users can purchase and get started with it. Users who care to purchase the coin will have it on sites like Stex, Vinex, Graviex, Zolex, Bisq and Chainrift although it will still have this coin listed in other exchanges as time goes on. Here in these exchanges, they will be able to trade the coins against others and also get the chance to use the Fiat currencies at the same time. The cost in trading is quite low and not exorbitant so it makes trading so easy and stressless.

Alternatively, from the wallet provided, users can stake and get more of the coins without even mining them. This is a very easy way to amass more of the coin. The wallet provided will be used for all the operations and will be strong enough to protect the coins it holds.

Tokens can't be mined but coins can, so the fact that it has coins and not token makes mining possible in the platform. This activity will be done through the veil software and users will keep mining and having more of the VEIL coin. Once the user installs the software, they can start the mining and have the tools available for use at the same time. The software comes in different version for smartphones, there is one for Android and other for iOS device so that users can easily have them installed and used from their devices.

Now it is possible to have the functions of mining and staking intertwined such that they can be controlled from the same place. It does well to reward those who take part in the program making them use the privacy that is provided with great advantages.

THE VEIL ROADMAP

CONCLUSION

As a pure zerocoin backed platform, issues with security will be well handled and transactions will go on smoothly for investors as the right protocols are being deployed. Investors in this platform will find it easy to keep and use their coins anonymously.

Do check the following links for more information on the Veil platform.

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: coyselalusenang
Bitcointalk ProfileVeil Address: bv10x2a70D3de93dF57c4D4DCAAB56F5C671185Abf639