VEIL PROJECT: THE FIRST AND THE BEST PRIVACY INNOVATION.

in #blockchain6 years ago (edited)

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INTRODUCTION

Investors nowadays are been affected or we can say they are afflicted with the attacks on their funds and that has kept reoccurring without any solution. This is not best for them, what them do they stand to gain if all these keeps happening to them? This unwholesome condition will do no good except to discourage and make them pessimistic about their future in the vast ledger chain tech and in their investments. When this keeps on happening, then we are sure something is wrong then inorder to prevent all of the sad things from unfolding we have to quickly do something about all the difficulties. This is where Veil comes in anyway. It is the answer to all of the difficulties or challenges that are experienced.

THE PLATFORM

When we make transactions or do anything in the cryptocommunity, Veil is what can assure us of perfection and protection in all these things. This can therefore be taken as yhe answer to the investors prayers. Only this innnovation can solve the present problems of privacy and no other concept will. This project is the best when it comes to providing privacy on the blockchain, it will not compromise its stand whatsoever in the functions it is able provide and will remain inclined with the tech that gives it the perfection it has already.

Veil has the vices to submerge the problems caused by the lack of privacy and will be installing anonymity to the system. Transactions will then become safer and there would be a great quality of protection for users.

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THE THRIVING OF VEILPLATFORM IS BASED ON ITS ASSOCIATION WITH SOME TOOLS WHICH ARE;

The Dandelion is a tool that is also a technique that the team of VEILPLATFORM has designed in the system for a special reason which is to deliver services anonymously to users in the system without controversy and without neglecting them. The Dandelion protocol a door absolute obscurity of the nodes that serves the users, it helps the users to achieve so much and grant them an extensive use of the VEILPLATFORM coin as well as other assets that could be used in the system. Transactions that are supervised by this tool will be difficult to track and the network will stay on connecting users and given them enough space to operate in the concept.

ABOUT THE ALGORITHMS USED

There are many things that separate this concept from others and one of it comes from the fact that this concept use both the PoW and the PoS to operate. This is a very special attributes and it really works for the system such that system operates and makes users able to go ahead with their mining operations in it. Both the PoW and PoS works effectively but also serve different purposes from each other.

The PoW makes all the users have access to rewards through staking that is done in the concept with veil token. This consensus is really vital to ensure the right supply of the right qualities and is also concerned about the effiiency of the concept and the users operations.
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The other consensus however will serve as a mining system that will provide all the fairness and the reliability needed by the users. It prevents the network from experiencing the lapses of the ICO or that they are not supported by other investors financiaIly. With this algorithm, it will still achieve decentralisation and is very helpful.

Fairness is implemented in this same concept with the help of the other protocols like the hashing technologies used, the algorithm and the security token that places many roles in the concept. The VEILPLATFORM token is useful for staking to get rewards and also serves as the reward given when mining in pools. The mining process too will fair and made transparent for all the engagers.

MEET THE TEAM
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CONCLUSION

The privacy token, the connection this concept has with the Zerocoin, RingCt and the Dandelion and also the mining process are all indicators of the perfection in VEILPLATFORM. Investors assets will be grown successfully without anything affecting them again while they have the greatest assurance for protection with this concept. This will make them glad of being a part of the community and it will boost their confidence to do anything in the platform.

For more Information on the Veil project, visit any of 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'S DETAILS
Bitcointalk Username: Nwagodno

Veil Address: bv1q4pe59j47ucnjef738c5qga27th5ga78u9fsgmk Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2576793

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