VEIL: A PRIVACY COIN TO DISCONNECT USERS FROM INTRUDERS.

in #blockchain5 years ago

IMG_20190518_155334.jpg

INTRODUCTION

People see no use in the activities they perform online that is not safe or as private as they wanted it to be. So many has desisted from such transactions to ensure they don't expose themselves or their credentials to strangers online. So what is being said in actual sense is the fact that people deserve to have their privacy in whatever they do whether online or offline and there should be a means to make them get that which they require and no other platform can do that except VEIL.

WHAT IS VEIL?

It is a privacy coin with the ability to install privacy into a system or an entire operation through the role it plays in the transactions. This platform handles the transactions of users and guarantees them of a private way of getting things done with the coin without being bothered about anything but the operations they have to perform and how they can add value to the entire system without facing any challenges.

The purpose of using privacy coins is to make sure the past details of the transactions that was done by users cannot be accessed by others, thus closing every chance there is to get to the users and attack them or use their credentials falsely. These types of coins specializes on privacy and nothing more. They therefore have the ability to keep records of every transactions in the platform as done by the members and make their operations intact without any public exposition. Although some coins appears to be a privacy coin but their operations differs entirely from how a privacy coin works. This Veil coin provides anonymousity for users and protect them by changing their location just like the Vps does. Privacy is what it stands for and even though it stores their record in the blockchain, there are still restrictions on those records because it is never going to store users record on the public network. To trace these operations of users will be very difficult anf no matter how hard the hackers try, they will end up in the same futile search and get tired of searching.

This platform has some potential features to achieve this privacy purpose, they are those tools or factors that eliminate the possibility of third parties getting to the users and laying hold of their records.

Veil has a great masternode technology that give birth to nodes that are used for keeping users records. This is quite an impressive features because it is very important for users to make use of such an established feature.

THE FEATURES AND OPERATIONS OF VEIL

It has a stealth wallet address and has a ring technology for making unique and infalsifiable signatures as users.

In the ecosystem, many also have an individual address through which funds and payments can be done without much effort to make.

The users of veil platform will be the one to make use of these features and when they invest into the platform, they will get a lot in return because of the nature of the platform. Veil is a product of an advanced technology and that means that nothing will make it compromise its perfect state of workingm it came through early this year and has come forth as an hybrid network that is not with its own ICO or premine stage. It provides fair distrubution and make the coin available at all time. It has proved so far that it can perform well more than all existing platforms and is ready to use its very strong DLT to support its aim or purpose. The strong innovation is there to support Veil and improve its privacy protocols and how it affects the community. It will perform above what they really think and the coin will play its role also in the platform.

The market has waited for so long for a solution like this to come around and now it is at the right time amend the distrupted operations of the users and how the third parties have affected. It therefore partners with the zerocoin because of the role zerocoin can perform in the aspect of privacy. Zerocoin stands for privacy and has always been prepared that its type of market will enlarge which is why we have thus already. It combines that of this later platform and what RingCT brings to do justice to the platform. Both tech are very supportive and intelligent in their roles in this platform and that has made them a part of the project.

CONCLUSION

Users will become more conscious of the fact that they have a platform to protect them when they carry out any transaction. This Veil platform will give them the advantage of doing so many things they couldn't have done when privacy was lacking and making the best use of the innovation brought to them.

Veil tokens are currently traded in the underlisted exchanges at a cheaper rate;
VINEX Network
TXBIT.io
Bisq
Graviex

USEFUL 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: Ifychuks
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2397927
Veil Address: bv1qzwdrqgjdfuc25t7wcjvvnl7pv5a0amg55rew86

Sort:  

Congratulations @esthereriobu! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 1000 upvotes. Your next target is to reach 1250 upvotes.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.30
TRX 0.12
JST 0.034
BTC 64038.60
ETH 3148.89
USDT 1.00
SBD 3.97