To simplify things, the veil project can be seen as a project that enables privacy without compromise. The VEIL Project was borne out of the need to provide the 'crypto community' with a genuinely private cryptocurrencytaking control full-time anonymity which surpasses any other project. The technical development team is filled with capable developers and a community of expert cryptographers.
Mission:
The mission is to develop and push the boundaries of cryptographic privacy protocols. Here, a research lab has been established and given the task to develop cryptographic privacy protocols and it is called the "VEIL LAB". The project seeks to create a stable and high performance transactional cryptocurrency with the most sound and sustainable economic and most seamless user experience without any superficial functionality for the sake of code adding. The project's software has been rigorously designed and coded for unflinching stability, usability, and performance. "The Veil Project improves the state of privacy-focused cryptocurrencies by creating a secure, anonymous coin and by providing full-time privacy."
Mode of operation.
The core privacy technology is one based on the usage of the most secure blockchain software with an advanced cryptography-based privacy protocol. The Bitcoin version 0.17.1 and the Zerocoin respectively. The Bitcoin core software has proven itself to be the most secure and battle-tested blockchain software in existence for over a decade. The Zerocoin protocol on the other hand has come out as a software that produces Zero-knowledge Proofs. It is a cryptographic method which gives room for a computation to take place but hides knowledge of its input and output. For the case of cryptocurrency, this computation can be seen as a value transaction where the sender, receiver and transaction would remain anonymous. For support, the Dandelion protocol would at best block all attempts of tracking any transaction on the network. It should be noted that the Zerocoin protocol includes a 'non-private transaction state' known as the basecoin that accounts for Zero-knowledge proved transactions between parties with different coin denomination and size. And as technology today provides for, VIEL will provide for an always-on privacy to it's basecoin transactions that would securely cater for anonymity. A bulletproof technology will be added to ensure calculated and minimal transaction sizes.
VEIL LAB:
The Veil Lab is made up of a dedicated team with a focused mission. It is the project's processing unit with a goal to push the technical boundaries for privacy and anonymity without compromising easiness to scale through and high and expected performance. For example, at launch, the Veil transaction data size will be 11.3 kilobytes, using Bulletproofs. An initial goal of the Veil LAB will be to reduce the not so good function and expectation. This is one example of many. After all said and done, as new methods are conceived and tested, the Veil project will be the first to implement them in Veil which would help to stay at the forefront of the industry.
In a nutshell, Veil is the first Zerocoin based coin that enables always-on privacy in which no user can accidentally make traceable transactions.
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:
bv1q26ghu2f8cjawt684r7qjdlalk0hk0aw0e9pk82