VEIL | PRIVACY GUARANTEED

depedro (43)in #veil • 5 years ago (edited)

The pace at which the human race is advancing has grown to be extremely fast.
This is as a result of the inception of advanced technologies that are being developed daily.

Digitalization has become the order of the day, as it has proven to be more productive, thereby attracting people to show interest and participate in the system as they affirmed its merits.

Just like the normal world system, currency is a necessity in the digital world, as it will serve as a means of exchange in the system.

That, leading to the conception of digital cash called crypto-currency.

Crypto-currencies can be used to carry out all the basic forms of transactions in the digital world.

This digital cash(Crypto-currencies) is fastly gaining fame and endorsement, even in the world of fiats, as a lot of individuals are making transactions using the Crypto-currencies, thereby, acting as a substitute for the regular fiat currency and moving the entire human race forward to assist the masses to settle and adjust into the digital era.

But the one characteristics of fiats, which Crypto-currencies have found challenging to conquer, is privacy.

Since the inception of Crypto-currencies, this has been the one upper hand the regular fiat has over the Crypto-currencies as the transaction can be made with cash and still remain confidential, but not with Crypto-currencies.

Unlike the regular cash, any transactions made digitally with Crypto-currencies are open to the world, as anyone with an Internet connection and vital skill set, can know how much transactions you've made (history of your transactions), and any other information, which was supposed to stay confidential and undisclosed.

Truly, this has become a very disturbing issue in the digital world, as it has created fear and doubts in the minds of the users, and has made a lot of them unenthusiastic towards Crypto-currencies.
Resulting from this, the masses and the world at large, have been denied access to the benefits that the digital world has to offer.

But it ends now because we can't have the world's next generation's system and means of transactions, being crippled or compromised in any way, that's the reason for the birth and dawn of this great platform.

VEIL, PRIVACY GUARANTEED

#Veil is a blockchain system which revolves around privacy.

It is directed at ensuring that every digital transaction made on the system, remains confidential.

Veil came as the recognition of the necessity to provide total anonymity of digital transactions.

In order to attain this great feat, Veil will use its advanced technologies and strategies such as RingCT and stealth address, to ensure all transactions remain confidential.
Using the zero coin, Veil will conceal the sender in a transaction by aligning the sender's transactions details with other randomly picked digital handprints, so as to camouflage the senders signature.

To conceal the amount in a transaction, Veil will utilize a range proof system.
RingCT and zerocoin will ensure the whole transaction process is anonymous and completely confidential.

All these procedures are carried out to ensure that digital transactions are completely anonymous and confidential.

Roadmap

CONCLUSION

With Veil, it will be a relief to know that no one is stalking or tracing your transactions.

This will make the digital world complete and make the use of Crypto-currencies safe and efficient thereby restoring the belief the masses had in the digital world

Author	Chijioke
Bitcointalk Profile Link	https://bitcointalk.org/index.php?action=profile;u=2563026
Bitcointalk Username	Cjblog
Veil wallet address	bv1qglmy5x4rwr0a4vlkyq9hrpda4s99uex7zwhtnu