With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, VEIL plans to integrate the best technology in cryptocurrency to promote privacy and anonymity for seem-less confidential transactions.
"Anonymity and privacy = basic human needs. The dawn of blockchain technology was praised by freedom advocates as a leap forward in digital privacy and internet anonymity. Unfortunately, the brick wall of blockchain privacy has turned out to be a mere silk curtain, somewhat easy to peak through. For people transacting on the Bitcoin blockchain, it may come as a surprise that their transactions are, in fact, not anonymous. Fear not, however, as there are workarounds, solutions, and options.
After recent data breaches of all kinds have highlighted the weaknesses in centralized systems, which governments use to store identity information among other crucial data. Anonymity might be a desirable feature and one that becomes increasingly important as governments and corporations get hold of more data that can be tied directly to users through their identities. Then again, there is a case for supporting the deployment of blockchain-based identity data management systems to counteract certain aspects of unwanted identity exposure, however counter-intuitive this might sound."
With that being said, VEIL is a platform without an ICO and Pre-mine and it’s one of the best and secured platforms through its proof-of-work and proof -of-stake. VEIL also aims to give users best interface they could ever get in the crypto-space ranging from the advanced wallet to the seed recovery.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is VEIL?
As depicted above and as indicated on the official website of Veil, Veil is integrating best-in-class anonymity technologies to become the first cryptocurrency that provides uncompromising, always-on privacy.
In addition, Veil project is a security project created within the framework of the Zerocoin protocol. Blockchain technologies that implement the Zerocoin protocol are different than the systems we all know.
The main goal of zerocoin technology is to ensure that the crypto transactions are carried out in full confidentiality, by this, the sender or receiver is not known and can not be followed. This is a situation that would benefit us all.
Aside this, the project has different features. One of them is the stake system For example, If you have 14.000 veil coins, you can get 50 veils per day. To do this, just keep your wallet open. But, as is known, in all stake systems, the stock rewards fall over time and are variable. The present award in Veil's current system is very satisfactory. Besides, the Veil is allowed to be mineable. Using the Veil system, you can earn a lot of coins including Veil and earn passive income. You can follow these explanatory steps to obtain stock rewards.
Veil is privacy focused to the core and represents the ultimate cryptocurrency through implementing the best anonymity protocols available making it truly - "Privacy Without Compromise" and "always ON anonymity"
Ring Confidential Transactions (RingCT)
X16RT Mining Algo
The Unique Features
Never Sleeping Privacy
By the combination of Zerocoin protocol and RingZT technology, a powerful privacy ground was created by the Veil team. It means permanent privacy without appeasement.
Earn While Being Anonymous
Veil has a unique feature mostly beneficial its users that it gives the bright opportunity to stake coins flawlessly anonymous. If you are a Veil holder then staking is yours in a very private way. Income without privacy lose.
From the beginning, Veil acts by taking into consideration of its loyal companion's interest. Veil conducted no ICO, prepared no premined coins and keep its blockchain under the insurance of Proof of Stake and Proof of Work combination.
User-friendliness Comes into the Forefront
Veil has a fully advanced wallet and the wallet has a user-friendly interface. Also, the recovery system and the storage management of the wallet is perfect. User experience matters when it comes to the crypto and saving it.
Completely anonymous bets, due to which you will be able to secure a full anonymous earnings.
Fair blockchain without any ICO and other distribution stages lobes.
High security of all functions and transactions, using the entire user experience behind the scenes economy.
Self-sufficient project, which is able to support not only customers but also itself, through built-in self-financing.
You can follow these simple steps to get stock rewards;
Step 1 - You have to download Veil Wallet for your own operating system. And the wallet is now available for Windows, Linux, OS. In addition, Android and iOS applications are under developing.
Step 2 - You have to complete the installation phase according to your operating system by following the necessary steps.
Step 3 - You can learn your receiving address by clicking "Receive Money" section of your wallet and send here some Veil. You should transfer the Veil coins you have on the exchanges.
Step 4 - Then you activate the staking process by activating the "Staking" tab in your wallet and permanently leaving your wallet open.
NB: Just so you know, the supply of Veil coin in circulation is now 10 million. The maximum supply after the stock transactions and mining transactions will be 300 million. The form of the consensus algorithm of the veil project is as follows: "x16RT + POS (1 year+ distribution phase) Proof-of-sale phase" and the approval of blocks, as well as stackage operations on the platform, are known. Block prizes are determined to be 100 and will continue until the hard cap is reached for the first year, and this will eventually be 20 and Veil project uses Zerocoin protocol and wants to establish a maximum security architecture for the users.
MEET THE AMAZING TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
My Veil Address: bv1qqalym0r6hngnzqmtw7y0e28qr66qtf0q7t459s
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.