VEIL: Privacy and Security Just Got Better

astis-brian (42)in #veil • 5 years ago (edited)

Hello Steemians, welcome to another exciting review on my blog.
Today, I will be making a review of the Veil project.

The major reason why we are still yet to experience a total adoption of cryptocurrency globally can be attributed to the problems that users of cryptocurrency users face such as cryptocurrency volatility and security. We have seen so many blockchain projects launched just to tackle this main problem but unfortunately, so many of them have failed to deliver as against what was being promised at the project launch.

However, of these two main challenges, I am happy to inform you all that Veil project is here to bring an end to the security challenge that has always been the nightmare of most crypto enthusiast.

I need not waste too much time emphasising the importance of security in the cryptocurrency and blockchain industry at large, as we all are aware that so many havocs have been recorded as a result of this major challenge. What baffles me most is that most cryptocurrency newbies and investors rarely do a double-check of the security measures of the platforms they keep their funds on, I can remember in 2017 when a big cryptocurrency exchange was being hacked, which left a lot of users in total dismay and unfortunate loss of hard earned funds.

This problem does not only exist on exchanges, it is also a major challenge to cryptocurrency wallets we all store our cryptocurrency assets on, which therefore calls for a rapid solution in order to achieve a better blockchain and cryptocurrency ecosystem.

VEIL PROJECT

The sole purpose behind establishment of Veil project is to provide absolute privacy and top class security for al crypto users. In order to accomplish this, Veil has successfully partnered with ZeroCoin and RingCT Technologies in order to run a full proof and unbeatable privacy solution which will keep both transacting parties in an anonymous transaction mode that is not visible to the third party. Also, transaction magnitudes will be reduced by the usage of a bullet proof technology.

Veil Project has put in place all sort of measures to ensure an exciting user experience for all its users such as excellent user interface, seed recovery, and a reliable customer support system.

Also, another exciting feature worthy of mentioning in the Veil project is the Veil Lab which is targeted mainly at pushing technical margins of privacy and anonymity without necessarily negotiating on scalability and performance. This will eventually reduce transaction data size via bullet-proofs resulting in more transactions per time.

VEIL WALLET

Veil wallet is available for download in Windows, macOS and Linux version. The mobile version of the wallet will be released later which will be available for both android and iOS.
The team also have plans to provide paper wallet generators for both mainnet and testnet which can run both online and offline.

Conclusion

The Veil team is not relenting in bringing more features and innovations towards ensuring an absolutely secured and top class privacy experience for all cryptocurrency users which is enough reason why it will be among the best blockchain projects in existence, however, I will advise you all to check them out and make your own research but in my own opinion, it is not a project I would want to miss out on.