Happy new week to all my Steemit audience and I wish you all a bullish week ahead (smiles).
Just as we are all happy that the bullish season is here again and the cryptocurrency market is recovering from the downtrend that has lasted for a while now, we should also be aware that there are several news of institutional integration into the blockchain industry circulating around of recent.
Recently we were told that the famous England football club Liverpool in intending to partner with one of the leading cryptocurrency exchanges, so many other exciting news which points to one single fact which is that the blockchain technology is the future.
I need not start highlighting the excellent potentials of these technology as they are already manifesting in several real world usecases but rather, I will like to point it out that the security and privacy aspect of this technology has not yet been improved on which is serving as a building block for most internet fraudsters and hackers. If this issue is not addressed, then we all know that institutions might start pulling out of this technology which is very lethal to the industry.
This privacy and security issue is the basis for the establishment of Veil technology by a group of professionals who have carefully studied the blockchain ecosystem and finally come up with a lasting solution via its privacy coin.
The team understands that if a transaction on a blockchain is made completely anonymous to any third party without even getting access to the amount of funds sent nor the sending or receiving address, then it will be impossible to carry out any form of cyber hack.
I must confess to you that the technology behind privacy coins is an impressing and superb one which gives the users comfort of mid whenever transactions are being done regardless of the amount because only the sender and receiver knows about the details of the transaction.
It’s not like there haven’t been some blockchain projects with this solution before Veil project came into existence but it’s rather unfortunate that complete anonymity is not being guaranteed by these conventional privacy coins. Veil however has combined the excellent features of these existing technologies together by integrating with them in order to achieve a completely secured and anonymous transaction.
Among the technologies Veil technology integrated with is Bitcoin core version 0.17.1 for providing a top class security for all transactions, Zerocoin and RingCT technology for providing completely anonymous transactions. Veil technology also adopts the Dandelion protocol and bulletproof technology which makes it very hard to track the source of a transaction on the network. This technology I must say is excellent.
Veil wallet is available for download macOS, Linux and Windows while download will be made available later for iOS and android.
Users of this wallet also have the ability of earning rewards just by holding Veilcoins in their wallet and keeping the wallet opened.
The technical Details of Veil are Listed Below;
- Consensus: Hybrid PoS and PoW
- Block time: 60 sec
- Block size: 2MB
- Maximum supply: 300 000 000 veil
Veilcoin has a circulating supply of just 10,000,000 and is currently being traded on a number of cryptocurrency exchanges which includes Vinex, Stex, Chainrift, Zolex, Bitmesh, Graviex and Reflextrader with further plans on listing on more exchanges to ensure liquidity.
Kindly check the links below if you have further enquiries you would like to make on the project.
/WEBSITE/TELEGRAM/DISCORD/ANN THREAD/FACEBOOK/TWITTER/REDDIT/GITHUB/
Bitcointalk Username: amusanmikel2
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=2305577
Veil Address: bv1q2xnxe60396qaavmy9gzkzmfkjnrrqgc7n4zm68