INTRODUCTION
Immense breakthrough has been achieved from technologists and programmers integrating blockchain into industry. Different aspects have been affected by the adoption of the technology, it has brought about immense positive feedback and a remarkable inflow of users. These changes have solved many problems in the various industry.
What You Need to Know About Veil
Veil is a software created to give uncompromising privacy to cryptocurrency. Veil technology wants to exceed the existing boundaries of cryptocurrency privacy. Its mission is to “develop and push the boundaries of cryptographic mining privacy protocols”. Veil creates a high performance, minimal/zero fluctuation cryptocurrency with easy access for its users.
Veil has managed to create a Zerocoin Protocol site with untraceable transactions, it also has a user friendly interface for both beginners and veterans to utilize in the cryptocurrency industry.
PROBLEMS IN THE CRYPTOCURRENCY INDUSTRY
No assurance of complete privacy
Sites offer privacy to a certain extent and neglect responsibility for stolen data and information.Similar interface on every site
The services and links on most cryptocurrency sites are the same and lack any variation or uniqueness from one another. They do not provide services that constitute as an incentive to join.Vague description of Offered services
Some sites have no description of their services, this makes it difficult for users to comprehend the use of a link or service without clicking it. This makes it difficult for users to find the exact service they accessed the site for in the first place.Unstable and low performance economy
Due to the fluctuations of one coin affecting another, there is low performance capability in most cryptocurrency sites.Difficulty accessing services by beginners
Cryptocurrency sites are not usually beginner friendly, they require a user to have prior knowledge of cryptocurrency and assets and resources. This makes it difficult for beginners to find sites they can utilize.
SOLUTIONS PROVIDED BY VEIL
Assurance of total privacy
It prevents users from being able to access other users information as well as also barring cyber criminals and hackers, this assures users of total safety.Unique interface
The veil interface clearly differs from all others provided. It provides Infinitely online privacy which ensures that all transactions performed on the site are virtually untraceable.Transparency
Veil provides users with a clear description of its services and costs, it allows users have a clear understanding of what they are joining and investing into.Stable, high performance economy
With its Zerocoin based economy, veil assures its users of stability in its coin and a high performance output range. This is possible because it runs on a ring confidential transaction that prevents other coins from affecting the zero coin.Ease of access
Veil provides its users with easy accessibility so that, even beginners can utilize its program and understand it.
I think the core of Veil’s success will be mixture of a core technology that is superior to others. Veil offers superior privacy to any competing digital currencies, and offers a variety of features most competitors do not (Proof-of-Stake for example).
But the other item I see as being key to Veil’s success is the hard work that Veil’s team is putting in to make using Veil simple and effective for users. Right now Veil requires a level of figuring out and learning. Behind the scenes we have many people working on improved user experience that will make transacting with Veil very intuitive and easy for the first time user. When thinking about mass adoption, it will never happen if a new user can’t do things quickly, effectively, and without much thought.
MORE ABOUT VEIL
Veil Labs is comprised of a committed group with an engaged mission. It is the undertaking's R&D substance with an objective to push the specialized limits for protection and obscurity without bargaining adaptability and execution. For instance, at dispatch, the Veil exchange information size will be 11.3 kilobytes, utilizing Bulletproofs. An underlying objective of the Veil Labs will be to lessen that generously. This is one case of many.
At last, as new techniques are considered and tried, the Veil undertaking will be the first to actualize them in Veil to remain at the bleeding edge of the business.
ABOUT TEAM
The veil project team is made up of PrestLab on the technical development end and other competent partners including developers like random.zebra. These developers work in conjunction with cryptographers who are experts in their fields.
The team began the development of Veil on the 15th of August 2018. It was officially launched on December 15th, 2018.
CONCLUSION
Veil with its Zerocoin based principle and RingCT has brought about high performance and well privatized cryptocurrency trading in the industry. The very first of its kind.
For more info do click on the links below
WEBSITE
REDDIT
ANN THREAD
TELEGRAM
DISCORD
LINKEDIN
Written by Jentemi
https://bitcointalk.org/index.php?action=profile;u=2181489
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