The future of the cryptocurrency is hinged on safety and security as there is no doubt that the future is cryptocurrency centric and that in the near future, cryptocurrency would soon become a major means of running financial transactions. The fear that has been expressed and will continue to be expressed however is the level of security which people enjoy using this framework of interconnected services. One question that has remained answered for a long time is “can we have a truly secure cryptocurrency marketplace?”
The Veil project, to be coordinated by Viel Labs has brought a definite answer to the question. The Veil project was created to serve the crypto community with a seamless, easy to use, and absolutely secure access to the cryptocurrency market without fear of losing data, privacy, or cryptocurrency on the short or long run. The project will create a stable and high performance transactional cryptocurrency with the most sound and sustainable economics. No superficial functionality will be added just for the sake of adding code. The software will be rigorously designed and coded for the best stability, usability, and performance.
Our system is based on a needs assessment style wherein we are focused on features which will allow you to have wonderful, highly intuitive experience whenever you log on without losing your data in the process. In order to guarantee your protection, one of the methods we use is the utilisation of a highly vetted privacy protocol with very large anonymity set sizes. VEIL uses a custom version with private staking, precomputed spends, and Bulletproofs for smaller
transaction sizes. Also, we ensure that change is anonymized with RingCT so that non-Zerocoin spends will never compromise the
privacy of Zerocoin spends.
While our security systems is equipped with more features to protect your privacy than you can get anywhere else, we guarantee you that our programmers are working assiduously to study any innovative techniques that may be used to tackle your security and to clamp down as soon as it arises. Since we launched in December 2018,weve had a totally secure space for users and we intend to keep it that way.
Follow these simple steps to begin staking Veil:
- Download and install the official VEIL wallet.
- Follow the first-run tutorials to setup and backup your wallet.
- Send Veil to the QR code or receiving address displayed in the overview tab to deposit Veil into your wallet.
- Click the Staking toggle at the bottom left and input your password to unlock your wallet for Staking/Autominting.
- Allow the wallet to automatically mint your Basecoin Veil into Zerocoin Veil.
The Veil team has answered the question of security for cryptocurrency and we assure you that while we are saying YES today to provision of total privacy protection, we're not relenting on looking for and tackling novel threats.
For more information and updates about Veil, visit the following links:
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 Bitcointalk 🆔: Moshaid
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1578037
Veil Address:
bv1qgl98u0r8kdcr2j45dp295479sa9zqt2tyng2m9