Veil Project - When Privacy Does Matter!

in #crypto5 years ago (edited)

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INTRODUCTION

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The crypto money market looks pretty good these days. Bitcoin's rise signals bullish season. But security issues still remain a problem. One of the biggest reasons for this is the lack of security and privacy coins. I prefer the coins who care more about security using the Zerocoin protocol. Because these coins cannot be traced, they cannot be censored by governments or banks. In this way, our crypto money transfer business is much more private. In this way, both hackers and states can't trace and interfere with the digital assets I own. In addition, another characteristic feature of security coins is the active "Proof of Stake" system. This allows you to obtain passive income in the amount of assets you have in your wallet. Before I go to the project, I'll try to explain to you what the Zerocoin protocol means, and why it's so much safer.

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Brief information about Zerocoin

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This information about the Zerocoin protocol has been quoted from an article I wrote earlier about another privacy project.

Zero coins is actually a project to cover the shortcomings and weaknesses of Bitcoin. Because when you use bitcoin, it can be seen by anyone, where, how much, what you buy or who you send money to. You can see this not only in the state, but also in your friend or foe, and a serious security breach will occur. If you are taking extra care of your safety, this situation may bother you a little.

The Bitcoin payment network offers an extremely redistributed mechanism for making and transferring electronic money around the world. sadly, Bitcoin suffers from a serious limitation: since transactions are kept during a public ledger (called the “blockchain”) it should be doable to trace the history of any given payment — even years when the actual fact. Worse, since the Bitcoin ledger is public, any party will recover this data and information mine to spot users and patterns within the transactions. In alternative words: Bitcoin transactions are conducted publicly.

The Zero coin protocol uses demonstrably secure scientific discipline techniques to confirm that Bitcoins cannot be traced. These techniques permit users to conduct transactions on the Bitcoin network whereas receiving sturdy mathematical guarantees that the transactions cannot be traced. These guarantees stay in place whether or not a little of the Bitcoin network is compromised by associate degree attacker.

Imagine yourself and your other 2 friends in a room. This put one dollar in the wallet in front of 3 friends. It's known who put the dollar at the moment. But the wallet a 4.the guy doesn't know who the dollar belongs to. The zero coin protocol is simple, and the security measures it provides are at maximum level.

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What Is The Project Of Veil?

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Coins that give importance to privacy and security are usually called Zcoin. The most important feature of these coins is the ability to transfer crypto as Anonym. This is the beginning of the coins, such as Monero,Dash, Zcash comes the coins. In particular, RingCT technology, which is called Monero, is a system that Zcoins use in general. These coins aim to provide a much safer cryptography experience with complex encryption systems they use. Zcoin owners usually have a chance to make a "Proof of Stake" by keeping their wallet or server open with a system called "Masternode". These projects, whose total supply is very low, give their owners a chance to make a serious passive income.

One of these projects is the project of Veil.

Veil combines Bitcoin version 0.17.1, the world's most secure block chaining software, with advanced, cryptography-based privacy protocol Zerocoin. In this way, the crypto can send its money and hide it perfectly. No matter where in the world, you can perform cryptocurrency transactions completely anonymously.

The Veil project runs the PoW and PoS consensus system together. The "Proof of Stake" and "Proof of Work" systems are a passive income method that allows users to make more money by approving blocks than they do.

Core Systems Forming the Veil Project

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  1. Bitcoin Core 0.17.1: The Veil project uses Bitcoin Core 0.17.1 software, the most advanced software. This software is the most up-to-date software in the current system. And security vulnerabilities have been minimized and firewalls have been maximized.

  2. Zerocoin protocol: This protocol is the most secure protocol for the anonymous processing of money. Thanks to this protocol, you can perform all of your operations anonymously and untraceable. With this system, which is the common preference of all known security coins, you can be sure that your digital assets are in safe hands.

  3. Veil wallet: When you install the Veil Wallet, you first build a 24-word firewall. These 24 words should only be known by you and should be used again when you re-establish the wallet. In addition, thanks to the technology and Zero and Base coin, your wallet will remain forever inaccessible unless you let it. Veil wallet can now be used on Windows, Linux and macOS systems. Android and iOS wallets are still in the software phase.

  4. Proof of Stake: Thanks to the opportunities provided by the Veil Project, you can make passive income in the number of coins you hold in your hand. As long as your wallet remains open, you can earn a predetermined amount of cash by approving transactions in the Veil blockchain.

Veil coin is already trading in many stock markets. You can buy and sell from the stocks listed below.



Final Words

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You also if you care about privacy and security, I suggest you review the Veil Project. Your crypto money experience may be disappointing because other altcoins on the market are traceable and are not secure enough. The Veil Project does not only allow you to perform crypto transfer anonymously, it also allows you to make passive income. Veil Project aims to provide maximum privacy to its users through its architecture. The user-friendly interface is available for download from the platforms mentioned above. Veil coin is around$ 0.32 at the time of writing this article. The total supply in circulation is around 14 million and is very low. You can learn more about the project from the links below or from the Coinmarketcap site.

For Further Information

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img WEBSITE: https://veil-project.com/
img TELEGRAM: https://t.me/VEILProject
img DISCORD: https://discordapp.com/invite/Ywyb9hs
img ANN THREAD: https://bitcointalk.org/index.php?topic=5065331.0
img FACEBOOK: https://www.facebook.com/projectveil/
img TWITTER: https://twitter.com/projectveil
img REDDIT: https://www.reddit.com/r/Veil/
img GITHUB: https://github.com/Veil-Project

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Bitcointalk username: Nuxxorcoin

Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2378574

My Veil Adress: bv1qxp9n8jugmu09zkgjm2wv92ksl827qqtx5qq9vw

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Thanks a lot mate )

Welcome to Steemit @kadjar :)

Thank you)

Not only a PoS coin but also provider of maximum security and privacy. I like it. Thanks for sharing the ideas.

Yes it its, Veil Project is one of my favourite this year.

The Veil project runs the PoW and PoS consensus system together. The "Proof of Stake" and "Proof of Work" systems are a passive income method that allows users to make more money by approving blocks than they do.

Its a great opportunity to gain passive income.

Privacy is one of the most important things for crypto users and i think Veil will be successful about this.

With Veil project privacy and anonymity does matter!

Bitcoin technology is changing our lives day by day. Veil Project is a part of this kind of technology. And it analyzes problems of sector and brings brilliant solutions. Good job!

Thank you for your opinions)

They use so powerful and secure mining system. With this system people can earn passive money without stress

They use "Proof of Stake" system to represent passive income opportunity which is really great.

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