The blockchain industry is still at earliest stage of adoption and as such, there are several projects aiming towards making the blockchain technology an integral part of every one’s life. Via cryptocurrencies, people can now conveniently pay for goods and services via cryptocurrencies.
These payments via cryptocurrencies have several advantages over the conventional fiat payment modes in the aspect of speed, reliability, transparency and efficiency and this has been the driving motive for the influx of new individuals to the technology on daily basis.
We should not also forget that these technology just like every other newly invented technology has its own downsides too which is responsible for the setbacks in the increase of total number of adoption. Among these problems are some major ones which include highly volatile nature of cryptocurrencies and lack of competent privacy and security.
These privacy and security issue has been addressed by some blockchain based privacy coins but unfortunately, we’re still unable to experience a complete privacy transaction. An example of these coins is Zerocoin and as a result of its privacy driven technology, Veil technology has decided to partner with it with some other technologies such as RingCT and bulletproof technology to provide absolute privacy and security for all users.
Like I have said in my previous review, Veil technology has developed a top class cryptocurrency wallet with an awesome interface for easy cryptocurrency management for everyone with also opportunity of earning cryptocurrencies for its users.
How to Earn Stock Rewards via the Veil Cryptocurrency Wallet
- Download Veil wallet version of your operating system which is available for Linux, windows and MacOS operating system
- Complete the installation
- Get your receiving address by clicking on receive tab which displays your Veil wallet address
- Purchase some Veil coins from exchange and send to the receiving address
- Activate the staking process by clicking on the staking tab in your wallet and leave your wallet opened permanently.
How Does Veilcoin achieve total Privacy and security?
By partnering with existing reputable technologies such as Zerocoin and RingCT technology, Veilcoins technology is targeting a foolproof transacting which won’t be on the public domain.
Only the sender and receiver will be aware of the transaction which means that the transaction will be completely anonymous to a third party. Also the wallet address of both sender and receiver will be completely anonymous, thereby providing a very secured platform for transacting without any fear of being hacked.
Introducing Veil Lab
Veil lab is the R&D entity of the project and they are dedicated to pushing the technical boundaries for the project’s privacy and security without scalability and performance compromise. In other words, Veil labs will ensure continuous technological ideas and advancements in order to make Veil technology second to none such as reduction of the transaction data size of Veil
Veil network operates on both proof of stake and proof of work consensus system (via ASIC-resistant X16RT hashing algorithm) which means that veil holders can earn rewards in Veil through staking process and also guarantees a fair distribution of the coin.
In conclusion, Veil technology has proven its competency through its well self sustained technology and working product which won’t just provide uncompromised privacy and security to all but also make cryptocurrency usage and management easy for everyone.
For more information about veil technology, Please check the links below;
WEBSITE
TELEGRAM/DISCORD
TWITTER
REDDIT
GITHUB
ANN THREAD
FACEBOOK
Bitcointalk Username: junscoop01
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=2597683
Veil Wallet address: bv1qea7gx0exnsnh44ty9u5p6znntu9xrvece7ztau