VEIL: PORTRAYS ANONYMITY FOR USERS IN THE PUBLIC LEDGER.

in #blockchain5 years ago

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INTRODUCTION

So many mediators are now involved in the process of operating or investing nowadays and that has made the processes very long and difficult to perform. Users too have been trivialized with this kind of improvement that is affecting them. To the members, financiaI functions has been made very complex and exposed with no way of restoring it back. secrecy has been reduced to nothing in the establishment and the manner of storage has weakened. This and many other reasons have been the cause of discouragement for users as they cannot get what they want from the public ledger or do what will benefit them. Now with the arrival of cryptocoins, they taught they could have a better idea of solution but to their suprises, the available secrecy coin weren't able to handle the problems well to solve them which now leads to the arrival of VEIL.

WHAT IS VEILPLATFORM

This platform has the perfect protocols to leads it on to achieve all its aims and objectives. It confers Security to the public ledger as it uses the zerocoin innovation and all other tools ut has acquired for the sake of this platform. It eliminate the risks involved with investing and provides features that are able to combat the challenges of the users. It provides a higher Security infrastructures and supports members in many other ways. Having made so many helpful researches, the team has came by the tools and approach to profitability for users as well as a means to keep them secured as they are involved in the establishment. The teams achievement will be that they have created a platform that can satify users and convey solutions to them as they work on the platform.

Zerocoin tech prevents the intrusion into the users activities. It makes the security of the users very tight and make their zone of operation inaccessible to others. There credit cards and other important credentials are safeguarded from hackers thus sustaining the secrecy or anonymousity.

THE WAY VEILPLATFORM WORKS

It allows users access the full functions in the ecosystem, it provides them with a valid way forward and easy means of verification for all. After they have all provided a valid means of verification, the rest will be the responsibility of VEILPLATFORM. This is how they can be sure they won't get something less than perfection in their Security.

VEILPLATFORM is compliance to bodies that regulates it and it makes its users subjected to the dictates of the AML and KYC process. They all have to pass through it to register their identities and as that is done, they will needn't worry about how the rest because the team has set the right tools in place.
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KEY FEATURES OF THE PLATFORM

The platform has zerocoin as a very reliable secrecy tool with the improved version of the bitcoin to work together with. This platform leverages on both and the cryptographic tools as well to see secrecy take full control. This tool has been tested to see its capabilities and it has been discovered that it is a great protocol and at the same time it has great relevance in the establishment.

The Dandelion protocol is something next to that. This one is in control of the nodes used in the platform. The nodes stores information or help in transferring data. To prevent hackers from attacking this nodes, Dandelion ++ is used. It is therefore a protocol to trust for the safety of details of users or the funds stored in the nodes of the wallets.

secrecy is also extended to the other aspects of the platform. It ensures the smooth relationship between the basecoin and zerocoin as that is very important. Mining will be made Possible from the users wallets. The secrecy coin also will play their part in the entire establishment and minting will be easier for the users. When they want to perform any private transaction, it becomes very simple and straightforward.
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CONCLUSION

VEILPLATFORM has laid the right foundation for all to trust and be active in investing or other activities in the public ledger. The secrecy it provides covers them all and make nothing difficult to achieve using this same tech. As it works, development becomes very rapid and members have their breakthrough in the community.

To know more about the Veil project, visit any of the following links;
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: Dannev
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2317961
Veil Address: bv1qw6dhk0zw6qzr4a6h25wlnnsnysn2sx3le2p9uv

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