Veil: implementing the best privacy methods to assure wallet safty

in #blockchain5 years ago (edited)

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Introduction

Can there be crypto without wallet? The big answer is NO. Cryptocurrency has to do with wallet. If not wallet there won't be cryptocurrency. The security of our wallet has been compromised. Hackers have dealt with the security of users wallet on this space which has caused so many to back off from cryptocurrency. A lot of project can with their own wallet privacy patterns but we still fall prey to these hackers. I could vividily remember my story with Regulus exchange this recently happened before I could sleep and close I had a shocking news that the exchange has folded with users fond. If we continue this what what will be of crypto tomorrow? Something has to be done.

Have you wondered why ICO isn't selling as it used to before? ICO dealt with a lot of people including me as they came to steak. Without privacy with the growth if cryptocurrency and the new adoptions it will really set things back. But luck for us to have a good privacy project like veil. A privacy without compromised. A secured wallet to the core. A project with strong minds, a system that sees the heart of its members. A solution to privacy on blockchain

About Veil

It is not regarding the amount input in a system, is about the reality of result. Its about what has been achieved, veil innovation brought most confidence in cryptocurrency community. From the whitepaper, veil appeard to be difrerent from other privacy projects, veil project is the future of blockchain provacy, veil utilizes many protocols to actualize this dream.

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Veil platform uses zerocoin, Dandelion, RingCT which reinforces adequate security. Theses are the machine of veil. They are used to protect veil transaction. With these tools veil acquired, there will never be entrance for hackers to hack as it isn't one thing veil used to tackle it. The Dandelion++ protocol in other hand is a very good one the mission of it is to ensure there are anonymous token which will be untraceable to hacker. Dandelions provide much untraceable tokens.

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The Zerocoin protocol ensures the tokens ara transacted with not revealing the identities of the accounts concerned this is pure anonymity the constraints of the Zerocoin protocol together with its most variety of security clause which are corrected by the Veil platform. currently with veil node, transactions are quick and safe.

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Initiating Proof-of-work and Proof-of-stake on one platform are a few things rare, however Veil seems to be exceptional in standing out. the advantages of those networks still go right down to show Veil's extremely regards the community. With the proof of work and Proof of stakes, users will get pleasure from decentralization, energy potency, mining and staking inside a veil platform. And to confirm the mining expertise of users remains top-notch, Veil uses the ASIC-resistant X16RT hashing algorithm program to safeguard users and investors from external influence.

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CONCLUSION.
From the white paper and the level of veil on exchanges and social media, they have gone far so I doubt if they will end without perfecting all they have assured us of. What we have to do is to support them and ensure we stand by them in every ramifications. With veil we are sure of safest wallet protection aside protection, we are also sure of earning from them through staking.

To know more about veil do well by checking the link beloe
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: OptimusPrime_3

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2438357

Veil Address: bv1qe8j2mafndqv2d9hpvj7hvy88wrz433ydvrxwl5

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