Harnessing the Potential of Blockchain through veil security game plan.
Not so long ago, blockchain was the darling of the digital world. The encomiums were boisterously loud, and the digital ledger looked like the next big thing. Now, doubts have begun to creep up the minds of a lot of believers regarding the potential of the blockchain. Every day more people get skeptical about the futuristic capability of the blockchain.
One of the issues that have continuously resulted in the stunted growth of blockchain is the lack of a connection to real security. While many projects tend to profess heaven on earth on paper, applying the digital ledger to everyday use has remained a challenge. This has left many feeling lukewarm about the actual capability of the blockchain.
Recently, there has been a stress on identifying large legacy markets rather than a taking proper security measures and deploying blockchain technology to these sectors. This might seem like a good idea, but putting this into practice has remained elusive until now.
The veil Solution
Finding real life opportunities with the widespread usage needed to make blockchain capability adoption mainstream has remained a problem for a long time with a series of failed projects as sufficient proof of that. The veil platform is attempting to utilize one of the most familiar programs to enhance security growth through the new ideology adopted in bitcoin version 1.0.2.0
The latest one is v1.0.2.0 will faster security and transaction. It ensures all users assets are kept confidential and safe.
Moreso, Veil is being developed on zerocoin protocol on blockchain technology which makes it unique among the rest. In veil platform, users identity is kept secret which is the sole aim of the project being "security". All your activities are kept confidential.
To ensure privacy protection is never ending and doesn’t stutter intermittently, the Veil platform incorporates the RingCT. While technology might be ever-changing, the Veil platform intends to keep up. The RingCT might seem more than enough, but the platform has a dedicated research development team to ensure progress is guaranteed.
Another landmark attribute of the Veil platform is its recognition of the impact of users and rewarding their effort. By staking, users are afforded the opportunity of getting rewarded for their participation. To avoid losing the privacy enjoyed by users, zerocoin denomination is brought into the mix.
One of the reasons why many experts are intrigued by the Veil platform is its intertwining of the favorable attributes of the proof-of-work and proof-of-stake systems. With such a combination, energy is more efficiently used, peak decentralization is attained and transparency is at a maximum.
Though the Veil platform will have mining activities enabled, this will be done in a well-ordered manner. Its proof-of-work system ensures coins are disbursed properly and securely without any problems. The use of the ASIC-resistant X16RT hashing algorithm adds another layer of security which users are provided with on the platform.
As a user, what is expected of you to do in order to have your token secured is to follow the simple steps below.
The first step to have your assets secured is to follow these steps. First, download veil wallet on widows, Linus, OS, Andriod and iOSAnd the wallet are available. Install, get your wallet and proceed to staking tab you etc .
It is crystal clear that veil is here to revamp the poor security level in cryptocurrency phase with its potential features and incredible team. We hope for this measures to stand permanent. Cheers!!!
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: Chika08
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2107609
Veil Address: bv1qs4dwgjczk2h6qqgpjdazf4zjvfpsr7yqf5h06r
I'm not usually a fan of privacy coins but this got my attention. Going through this article , I picked more interest in this project, VEIL. If possible, I will like to know if this project has some backings. Also if there is an upcoming AMA, I will like to be a part, I have questions to ask the team.
I have been seeing a lot of articles about Veil but going through them, I know the reason why people are crazy about it, it's exactly the same reason why I love it, I value my privacy and Veil offers that without having to sacrifice scalability.