One of the issues that have continuously resulted in the stunted growth of blockchain is the lack of a connection to real-life use cases which has been a thorn in the flesh and blockchain entirely. While many projects tend to profess heaven on earth on paper, applying the digital ledger to everyday use has remained a challenge. This has left many feeling lukewarm about the actual capability of the blockchain. From their whitepaper, Veil appears to be a futuristic project. The platform itself is praiseworthy. However, the security challenges of today aren’t exactly armchair issues; rather they require continuous education of the public. Veil brought the solution through the process of doing things differently with a team of game changer. POS and POW got the rewarding system going.
ABOUT VEIL MAGNIFICENT TOOLS.
Veil Zerocoin: This tool is used for the safety of transaction. Veil zerocoin assist in eliminating any trace of transaction failure or monitoring by outsiders. In so doing, there won't be room for hackers to hack. So with zerocoin, you are safe of transaction hitch. Zerocoin is basically knowns as zerocoin knowledge proofs.
Veil RingCT privacy anither privscy tool basically fir Basecoin transactions, such that all transaction components in the Veil network as anonymous as technology today, tomorrow and next year will appreciate.
Dandelion protocol: This is another great tool that ensures transactions are not traceable. makes it impossible to trace a transaction back to its source node on the network. Veil transaction are anonymous for anyone to see.
Proof of stakes and proof of works algorithm: This tool ensures adequate staking, maximum energy efficient. All holders can stake and earn appropriately without restrictions or denials. And also enhancing mining for all veil enthusiasts on the platform. ASIC-resistant X16RT hashing algorithm, an improved version of X16R introduced by the Ravencoin project. This tools also stands as means of protecting users funds and transactions including Dandelions. Etc.
Veil Lab
Veil lab is a foundation created by veil platform to increase privacy and meet up with any issue occurring on the platform to veil team. Veil lab is builds its own vision, budget mission with team to establish perfect platform. Veil lab are dedicated team with men of privacy intellectual to make sure activities in veil platform in regards to security are precessed accurately. With this team of good intentions, and error dictators, veil will keep waxing strong on daily basis.
Veil got all the privacy tools needed as they evaluated and combined privacy tools from monero, zcash which isn't enough to tackle our security challenge to there's . now with a single platform as veil, You are are highly assured of good privacy, staking, mining, and huge reward only on veil platform. What more can we say in regards to this than creating veil platform. And we help this good work remain permanent.
CONCLUSION
Veil platform is lovable for several reasons: the innovative touch, giving users that sense of belonging and an all-around blockchain privacy solution. Also rewarding users through POS and POW There’s nothing to hate besides my stated grievances. Cheers!
To have more insight about veil please kindly do check the links below.
Website: https://veil-project.com/
Reddit: https://www.reddit.com/r/veil
ANN Thread: https://bitcointalk.org/index.php?topic=5065331.0
Telegram: https://t.me/VEILProject
Discord: https://discord.veil-project.com/
Linkedln: https://www.linkedin.com/company/project-veil/
AUTHOR'S DETAILS
Bitcointalk Username: Chika08
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2107609
Veil address: bv1qs4dwgjczk2h6qqgpjdazf4zjvfpsr7yqf5h06r