One of the giant strides of blockchain is its immutability. No one can edit or erase what is on the public ledger, but everyone can see it. But if you don’t want everyone seeing it, what do you do? You seek some form of privacy, right? Sadly, the blockchain strives on transparency, not discretion, so you are stuck between using a privacy provider to hide what’s important and the inherent risk of making the details of your information visible to anyone. While privacy providers exist, you either have to pay a premium for their services or look out for those that offer cheap services and their associated privacy which is anything but private.
The Veil Platform
One of the few quality privacy networks that put the interest of users above theirs – a difficult attribute to find in the crypto space – is Veil. The blockchain-based platform is bent on ensuring users don’t have to watch their back after making transactions. Veil platform will ensure there is absolute privacy beyond measures as a lot of important privacy materials are there and veil keeps updating its community with more feature.
With the Veil platform, it is goodbye to file backups as the Veil wallet can be completely restored without compromises. As transaction logs have been found to take up a chunk of space with time, users can prune transactions they consider irrelevant and save more than enough space on their local storage.
The privacy platform’s intent to help users save their resources can be seen in bulletproofs technology which minimizes the risk with transfers while reducing fees along the way.Another good aspect of VEIL is its usefulness to seek for men of integrity to be Involved in making sure the platform moves as it supposed to be. Veil believes in education and problem solving. Veil lab are set of teams introduced by veil in making sure activities on the platform are monitored without glitches. What more can we say about such good platform given to us to safe us of lost funds and tears.
One of the ways through which Veil delivers on the privacy service expected of the blockchain based platform is its use of the Dandelion++ protocol. The protocol covers the identity of the source node which is one of the easiest ways that could break the anonymity of the sender of a crypto asset.
Unlike many blockchain-based platforms, Veil uses both networks – Proof-of-Work and Proof-of-Stake – in providing users with a worthy environment. The advantages are numerous including decentralization, energy efficiency, staking (and its accompanying reward) and mining. There are just so many benefits to this, and it is surprising no one actually thought of this earlier.
Conclusion
With the Veil platform is up and running, the process of providing users with the privacy they seek is in progress. Doubts are been replaced by renewed vigor, and more people are jumping on the Veil wagon hoping to change their luck. Whether it all pans out as expected, remains hidden behind the tint of privacy.Veil is here to stay. Let's support veil.
To have more insight about veil please kindly do check the links below.
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'S DETAILS
Bitcointalk Username: Chikada
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2532288
Veil address: bv1ql8ry4qxplz6t3h0cmfeawcuw9823a8lf24m4jx