Veil - Review Project, Privacy Without Compromise

Hello, today I will tell you about a crypto lovers very interesting project Veil (https://veil-project.com/). Veil is integrating technologies of anonymity to become the first criptovaluta that provides a constant and uncompromising privacy. Veil is not an ICO but is a cryptovaluta to all intents and purposes. In the rest of the article will explain more in detail this fantastic project. Follow me!

The problem

Across the landscape of criptovalute focused on privacy, were adopted two general approaches: one that provides full-time privacy and the other provides a superior anonymity. Each of these approaches has advantages and compromises. The original currency for privacy, Monero, with its RingCT technology, offers a privacy "full time". RingCT, however, is a technology that is outdated in terms of strength of anonymity through advanced cryptographic methods. Coins like Zcoin are based on Zerocoin Protocol, providing anonymity, but with the disadvantage that only certain types of transactions in the network are private, making it possible, therefore, the transaction public inadvertently.

The solution

The Veil project improves the condition of criptovalute focused on privacy by creating an anonymous coin safe and providing a full-time privacy. Veil combines the safest in the world, block chain software Bitcoin version 0.17.1, with advanced privacy protocol based on cryptography, Zerocoin.

Bitcoin's lifetime, the basic software has proven to be the safest and tested software existing block chain.
The Zerocoin Protocol is based on zero-knowledge proof, a cryptographic method that demonstrates that the calculation took place without the knowledge of its inputs and outputs. In the case of a criptovaluta, this calculation would be a transaction value, the sender, the recipient and the amount of the transaction can remain anonymous.
Support for the Protocol Dandelion makes it almost impossible to trace a transaction on its originating node within the network.

The following infonografica view as mentioned above.

Consensus algorithm

The net Veil will handle a hybrid system Proof of Work (PoW) and Proof-of-Stake (PoS). Proof of consent system Stakes will ensure maximum decentralization, efficiency and will provide a mechanism for all owners of Veil, to earn rewards in Veil through the process of staking. To further enhance the privacy of coin, staking is available only through Zerocoin denominations, and for that reason, all balances of Veil (except exchange) will be auto-mint in these denominations: 10, 100, 1000 and 10000 Zerocoin Veil. The Proof-of-Work mining system provides, instead, a fair distribution of the coin, avoids the need for an ICO or pre-mine and adds security to network General. To promote equity of mining, the mining Proof-of-Work uses the hashing X16RT ASIC resistant algorithm, an improved version of X16R introduced by the Ravencoin project.

The program of issuing coins Veil

As summarized in the table, the issuance of Veil includes:

A limited contribution to the founder, to recover the initial investment for developing the project.
A declining contribution but not downgraded to Veil Labs, to provide a continuous research and development in technologies for privacy regarding criptovalute.
A heavy contribution, falling and no limits for the budget of the operations of Veil, financing activities such as the main network and development of wallet, project management, online user support, the bounty, marketing and partnerships.
It should be noted that the funds allocated for the Labs and the operational budgets will not be subject to actions, meaning that funds not svantaggeranno those who make staking in the network.

For more information about the project, I invite you, first and foremost, to visit https://veil-project.com/ and browse the section Technology. Here are some useful info about the project.

Wallet (https://veil-project.com/get-started/): available for Windows, Linux and MacOS.
Mining (https://veil-project.com/mining/): Here you find a list of current software and mining pools Veil.
Explorer (https://explorer.veil-project.com/): the block chain of Veil

Exchange (https://veil-project.com/exchanges/). You can now purchase coins Veil through the following exchange:

I conclude, saying if the team will continue to improve with the introduction of new technologies regarding privacy, surely will prove to be a very interesting project in the scenery of cryptocurrency anonymous.