VEIL- The Promise Of Privacy Without Compromise

The creation of the veil project, like any other project, had a goal and a specific impact which it had to create. The world has experienced several crypto currencies and the way of trading them, most of this transactions involving crypto currency do not conceal your identity and filled in information allowing for hackers to have access to your IDs. The veil project is aimed at creating a community of crypto currency with full privacy and security rights. It gives the benefit of anonymity with levels greater than what other projects has to offer. The team involved in the project consist of the block chain developer press tab, leading the technical development team, highly capable and experienced developers and expert cryptographers. In order to achieve the mission and goal of pushing the boundaries of cryptographic privacy protocols, there is an establishment of a research lab called “VEIL Labs”.

Aim of the project

The project aims to create a high performance and stable cryptocurrency transactions renowned for its sound and reliable economics and seamless user experience. The software is coded and designed by experts which offers the best in terms of stability, usability and performance.

Merits of Veil Lab

It leaves no room for accidental traceable transactions to be made and also it is the first zero-coin protocol-based coin with always-on privacy.
There is a back-up of a single 24-word recovery from your base coin and zero veil for maximum security and convenience.
There is a solution of a lightweight network privacy that makes transaction sender’s IP address virtually untraceable.
Veil’s wallet is rich in feature and are built up from the scratch in order to provide the most seamless intuitive experience for beginners and professionals.
It provides highly approved and recommended privacy protocol with set sizes of a very large anonymity. It uses a custom version with private stacking, pre computed spends and bulletproof for smaller transaction sizes.
It is built on the latest and far most secure version of bit coin core with custom complementation of features that are advance.
The change is anonymized with Ring CT in order for non-zero coin spends to never compromise the privacy of zero coin spends.

Advancement

Veil development began in August 2018, providing custom solution for time scalability and evaluating new areas thereby building automatic multi-transaction zero coin spends. It allows for zero-coin protocol with anonymous staking. There are pre computed spends and bullet-proofs. Building ring confidential transactions (Ring CT) with custom X16RT mining algorithm that re adjusts its difficulty every 60s.

The model of coin distribution

It was proposed that in the first year a 100 newly minted veil every block (-60s) would be made available which would see the rate gradually reducing to 20 veil per block at year 6 to -year 18.5 where there will be no more emission. The budget funds at first, would be secured in a 2-of-3 multi signature escrow also there will be transparency in the monthly reports budget.

Veil Roadmap

VEIL USEFUL LINKS

• Website: https://veil-project.com
• Discord: https://discord.veil-project.com
• Facebook: https://www.facebook.com/projectveil/
• Twitter: https://twitter.com/projectveil
• Telegram: https://t.me/VEILProject
• Bitcointalk Forum: https://bitcointalk.org/index.php?topic=5065331.0
• Github: https://github.com/Veil-Project/veil
• Reddit: https://www.reddit.com/r/veil

Author's Details

• Bitcointalk username: invbeejay

• Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1900615