VEIL: A PLATFORM THAT GUARANTEES PRIVACY WITHOUT COMPROMISE.

By cryptoblezin | cryptoblezin | 23 Apr 2019

It's true that there are many existing privacy coins and someone may be wondering to ask why to choose VEIL then, I have the good news to declare to all; VEIL promises to provide absolute privacy which is not diluted. With VEIL one is sure of not making a non-private transaction. Your privacy and anonymity are guaranteed with VEIL.

190903265-1a869d738297ca453efc387b6be41688b4c34c5448147ab84db5619647f0302d.jpeg

HOW VEIL WORKS

The VEIL venture was made to furnish the crypto network with a genuinely private cryptocurrency having full-time namelessness and obscurity levels far outperforming some other undertaking. This is a well-respected blockchain whereby the developer's press tab drives the specialized improvement group that incorporates exceedingly fit developers, for example, random.zebra in a joint effort with a network of master cryptographers. The mission of VEIL is to create and push the limits of cryptographic security conventions and we will set up an examination lab called VEIL Labs entrusted with this objective.

VEIL venture is only a stage that brings security into a need in a decentralized ecosystem. This project has cooked up technologies that will offer the best security to our crypto ecosystem and to build a platform that will supplement and subdue a lack of privacy and anonymity for users in order for them to meet the expected privacy requirements.

VEIL can as well be described as security targeted blockchain venture with a basic mission to supply the foremost non-public and straightforward to use digital currency popularly known as cryptocurrency; VEIL could also be termed corporal punishment and enhancing altogether thought-about protection conventions, pushing the specialized limits for defense and obscurity.

THE FUTURE OF VEIL IS SO BRIGHT
Bitcoin has come under great scrutiny because of its security flaw and the veil technologies are not just solving this problem by providing full privacy and anonymity to crypto transactions but are also providing amazing user experience by integrating bulletproofs that implements transaction pruning thereby reducing the transaction data size. To cut the long story short, at launch, the VEIL transaction size would be at 11.3Kb. VEIL labs are totally focused on improving privacy, anonymity and user experience which is good not just for the veil-project but the general crypto and blockchain ecosystem.

190903265-47804723818059bd239f23128454daebb786a7f70684f389679368aee5d6a85e.jpeg

THE SPECIAL TECHNOLOGIES BEHIND VEIL

Zerocoin Protocol: What Zerocoin does is that it fixes the Bitcoin anonymity issue by implementing a protocol based on zero-knowledge proofs. The zero-knowledge proofs ensure that after a transaction has been completed, the sender, receiver and amount remain anonymous.

Bitcoin Version 0.17.1: VEIL builds on existing Bitcoin core software. Obviously, Bitcoin core software is the most secure, popular and tested blockchain software on the market. The latest update released on 25th December 2018, comes with various bug fixes and performance upgrades.

Dandelion Protocol: Dandelion is a network layer that makes it virtually impossible to track the source node of a transaction.

RingCT: Every Privacy-focused cryptocurrency has two types of coins: Basecoin and Zerocoin. To convert Basecoin to Zerocoin, users would have to mint manually but VEIL does that automatically. RingCT ensures anonymous to the Basecoin transactions.

Bulletproofs: What the Bulletproofs technology does is that it increases the privacy of VEIL currency via transactions and significantly reduces the size.

In Summary, the virtues of crypto lie in anonymity. Not so much for fear of retribution but just for privacy. The right to conceal and keep what is yours, yours. The VEIL team is not simply looking to market privacy, but actually, implement and achieve it for those who need it.

190903265-cd9635d110df4ba6bd411ffddf9351093c8e8cd9b08b14f9898d97f4c8a27c11.jpeg