VEIL: INITIATING A NEW ROBUST AND HIGHLY DEVELOPED SECURITY APPROACH TO TRANSACTIONS

OVERVIEW:

Permit to commence this piece and important Veil discourse by saying that the breakthrough of the innovative block chain was the result of an unstable situation rearing its ugly head at the global market economy, that resulted in a free fall for the people and the global economy. The blockchain has assumed a kind of alternative way out to centralized payments, with the attendant increased speed coupled with the greatest confidentiality and of course defence mechanism. However, in view of the development and popularization of this innovative knowledge itself, almost all of its technical uniqueness have changed. Apparently, the bulk of transactions are considered unrestricted and anyone has the opportunity to view the transmission of any individual member of the block chain network. Obviously. there is no gainsaying that in a natural way does not respect a good number of the basics of the freedom and privacy of the rights of the users themselves.

To solve this problem, a group of technically savvy experts has taken the road less travelled with a view to reunite several sources simultaneously in the framework of one technology concept that guarantees users the most reliable, secret and totally anonymous environment and privacy atmosphere called Veil.

WHAT IS VEIL:

Vell is integrating a cutting- edge anonymity technologies, to become the pioneer cryptocurrency that makes available inflexible, and rigid in terms of security privacy ecosystem.
This innovative and revolutionary Veil is combining the world’s most safe block chain software, Bitcoin Version 0.17.1, with the cryptography-based zerocoin privacy protocol and the particle project’s RingCT execution.
Making a reference to James Burden, the Veil project and Vell labs CEO; "Veil offers competitive technical advantages to its users, and will continue to do so, in the future. Protecting the human right to privacy through advancements in technology is the reason for all of this. Ultimately, our research and development are meant to benefit each and every user of our products” he said.
Basically, Veil currently has technological solutions that are far superior to competitors, but still very cheap, which will allow to consider it as a very promising investment tool.

THE FUNDAMENTAL VEIL TECHNOLOGY

The Veil project utilizes the protocol of the zerocoin to create a zero-knowledge transaction history by destroying a coin and remaking it, the dandelion protocol to mask transaction making it difficult to trace on the block chain, the bulletproof protocol which aids scalability - this was done to reduce transaction sizes which happens to be one major problem with privacy-focused coins.
Currently running on desktop wallets, which have several signed releases for windows, macos and linux, Veil plans to release wallets for android and ios compatibility. Works are currently on-going for integration into hardware wallets like a ledger.

The Proof-of-Work mining system guarantees a fair distribution of the coin, avoids the necessity of an ICO or pre-mine, and adds security to the totality of the network. To promote fairness in the mining process, Proof-of-Work mining will utilize ASIC-resistant X16RT hashing algorithm, an improved version of X16R introduced by the Ravencoin project.
CONCLUSION:

Veil has made its entry and it is here to stay with a new dynamism and a paradigm shift in the privacy and anonymity ecosystem. This is indeed the future of security transaction in the globe leveraging on block chain

You want to know more about Veil Project please do click below:
Website: https://veil-project.com/
Facebook: https://www.facebook.com/projectveil/
Reddit: https://www.reddit.com/r/Veil/
Discord: https://discord.veil-project.com/
Telegram: https://t.me/VEILProject
Linkedin: https://www.linkedin.com/company/project-veil/
Twitter: https://twitter.com/projectveil
Ann Thread: https://bitcointalk.org/index.php?topic=5065331.0