Ever since I came across the blockchain technology three years ago, I knew right away that this is just the next technological revolution and luckily, I was right. This is still a fact some people and organization are yet to admit but unluckily for them, with or without them accepting, the blockchain technology is taking over the whole global sector.
I remember vividly last year when the CEO of the largest social network turned his back against cryptocurrencies and called it scam, it seemed like the blockchain world was completely abstract to him but interestingly, rumours already have it that this same platform is already planning an ICO which will take place later this year. What more evidence do we need to prove that the blockchain technology is the next technological revolution?
Without dwelling too much on the use-cases of this awesome technology, I will also like to remind us that cryptocurrencies which was invented as a result of the blockchain technology is also taking over almost all the sectors of the global economy. People are now starting to see the reasons why a transaction made via cryptocurrency is far better than conventional fiat transactions due to the several features it possesses such as speed, transparency and efficiency.
With this technological advancement being offered to us by cryptocurrencies, I can no longer think of making funds transfer to someone in another country via fiat currencies because of the stress, high transaction fees and extremely slow transactions associated with this conventional method unlike transactions done via cryptocurrencies that is swift, efficient, and much cheaper.
The Problems
Despite the much development and advancements we have been witnessing in the blockchain industry, I wouldn’t do any justification to this argument if I fail to mention the fact that this technology is still at its infancy stage which is the reason behind the numerous blockchain projects in circulation with each of them aiming to tackle an existing problem in some specific global sectors.
Having said these, then also need mention that most of these blockchain projects have their own cryptocurrencies with their individual usecases but then, how secured are the platforms that all these cryptocurrency assets are stored? Just recently there was a major attack on one of the biggest cryptocurrency exchanges leading to loss of great funds hereby causing a lot of panic on users of the platform, not only this, there are several wallets in circulation too that does not worth storing large amount of funds on as a result of weak security measures being put into place by the developers.
Also, we are much aware that some cryptocurrency users prefer utmost privacy by being anonymous when making transactions for several reasons but they are being denied of these. The more reason why some people still shy away from the use of these modern payment method.
These two issues posses great threat to the industry, hence an urgent need to get rid of them in order to experience massive development and rate of adoption in the industry.
It’s my pleasure to bring to you a Revolutionary project that addresses these main issues: Veil Project
Veil
Compared to previous projects that address transactions privacy, Veil is offering a better security and privacy level by adopting the safest global blockchain technology Bitcoin version 0.17.1 in combination with Zerocoin which has the best privacy protocol.
This project are much aware of the important need of security and privacy in the blockchain industry, hence, they have carefully and strategically come up with a lasting solution via this project which is being integrated with top-class technologies for greater efficiency and scalability such as RingCT and Zerocoin.
Veil Labs
Veil Labs is an excellent innovation by Veil team which comprises of a body whose main mission is focus on further research and development of privacy functionality and efficiency. Also, Veil Labs is aiming towards encouragement of cryptocurrency users to easily adopt the Veil Project innovation without any hassles.
What other Features are Being Offered by Veil?
- Self sustaining platform without any premine or ICO unlike several other projects allowing the project to be fully backed and supported by the team
- Consensus Algorithm of Proof of stake and proof of work that allows Veil platform users to anonymously mine, stake and earn tokens without the fear of having their transactions being traced
- Availability of Veil wallet download for Windows, Linux and macOS
- Availability of paper wallet generators for testnet and mainnet in the nearest future which will run both online and offline.
Conclusion
Veil Project isn’t a project that should be missed for anything because unlike every other blockchain projects, Veil project has gotten all it takes to deliver an un-compromisable privacy and security to all cryptocurrency users which in no doubt will result in much more confidence and absolute safety in management and transactions using cryptocurrency.
Have some enquiries to make or more information? Don't hesitate to check the links below;
/WEBSITE/TELEGRAM/DISCORD/ANN THREAD/FACEBOOK/TWITTER/REDDIT/GITHUB/
Bitcointalk Username: amusanmikel2
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=2305577
Veil Address: bv1q2xnxe60396qaavmy9gzkzmfkjnrrqgc7n4zm68