VEIL: TECHNOLOGY THAT AIMS TO ENSURE PRIVACY

promzy111 (25)in #blockchain • 5 years ago

Introduction
Veil is an integrated anonymity technology that aims to ensure privacy for users in the bitcoin network. It is a peer-to-peer prediction market and derivatives platform built ... on the Ethereum blockchain. It is also a privacy coin that is using Zerocoin Protocol and RingCT technology to ensure user anonymity. Veil makes it easy to buy leveraged positions on three trading pairs, BTC/USD, REP/USD, and ZRX/USD. It also makes predictions on a wide range of scenarios, such as Academy award winners, a lot easier. Users can also trade on Ethereum hedging products which provide options for fundamentals such as the GAS price and current network hash rate.

Background of Veil
Veil was founded in Jan 15 by James Burden who is also the founder of PivX. James Burden developed Veil as the better version of PivX with a mixture of Monero tech to develop the best privacy coin. Although Monero at the time, as well as today, has decent privacy, but not as good as it can be, which is why he merged both technologies, we achieve Veil.

It is right to say that in an effort to bring the network to the mainstream a platforn known as Veil was created. Veil is the first zerocoin based cryptocurrency with always-on privacy that have pushed the boundaries of blockchains security without compromising.

Here are some benefits that reveals the uniqueness of Veil.

ALWAYS-ON PRIVACY
From its staking up to mining rewards, everything is anonymous. Transactions are visible, it happened, it’s a mere definition of the trustless system.

ANONYMOUS EARNING
Stake your Veil anonymously and get rewarded anonymously. Same as mining.

USER-FOCUSED
Ease of use, user friendly interface, easy seed recovery/backup, storage space friendly, this privacy coin won’t be a pain in the ass when buying your first privacy coin.

FAIR LAUNCH
A non ICO project with only 1 million USD in seed fund and still continuing to develop a project with this class. Almost impossible though, I won’t mention that Veil CEO is also CEO of PivX that make these things happen.

SELF-SUSTAINING

Veil has self sustaining feature to provide and continue developments.

FUTURE-SAFE
Having the best underlying technology using both Zerocoin and RingCT technology, Veil has the potential to grow as the best privacy coin. Also with the team that leads the development for this project, the community who’s also helping the team and getting rewarded, you tell by yourself.

TOKEN INFORMATION

As of the moment, there is only 10,000,000+ Veil circulating, total supply is 300 Million which is expected to be mined after 20 years. With the current supply this would scarce that could provide higher demand and value.
TEAM

Vital on every projects success is the team. Veil Team is made up of dedicated people with a focused mission and it is the project’s Research & Development entity with a goal to push the technical boundaries for privacy and anonymity without compromising scalability and performance.

Veil promises users two benefits over using Augur directly: placing bets without paying gas fees and instant settlement for markets where Veil is confident the outcome will be clear at the end of the relevant event.Official website: https://veil-project.com

Github: https://github.com/Veil-Project/veil

Discord: https://discord.veil-project.com

Twitter: https://twitter.com/projectveil

Facebook: https://www.facebook.com/projectveil

Reddit: https://www.reddit.com/r/Veil

LinkedIn: https://www.linkedin.com/company/project-veil

Telegram: https://t.me/VEILProject

Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5065331.0

Bounty thread: https://bitcointalk.org/index.php?topic=5125073.0

AUTHOR'S DETAILS

Bitcointalk Username: promzy111

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2550720