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Technological Revolution for Veil’s Modification of Features

Technological Revolution for Veil’s Modification of Features

We know that every platform must always adjust quality by integrating or collaborating several technological components that are in line with the times. But in fact, it is not just the developmental factors that affect a platform in modifying its technological components. For example, like what happened in the process of modifying the Veil wallet from the Veil Core Wallet 1.0.2.0 version to the Veil Core Wallet 1.0.3.0 version. Which of these updates is done to protect the Veil network in the face of all the risks that come from system damage to the Zerocoin technology component. This can be called the Zerocoin “domino effect” of internal and external technology components.

Recorded from the end of January to April, Veil has modified his wallet 4 times. Here are some details about the performance, technological components, and causes of modification, the following:

  1. January (Veil Core Wallet 1.0.1.4)
    – Performance improvements in accelerating the process of introducing orphans and forks components
    – Users are allowed to specify certain coin denominations in the shopping process. Which in this process purchases RPC using denomination filters.
    – Bets will not stop until the miner is close enough to the end of the chain.
    – Reduce the amount of potential from joining the stake miners which results in excessive bets.
  2. February (Veil Core Wallet 1.0.1.5)
    – Reducing the amount of betting process for orphans
    – Multithreaded Zerocoin Spend Validation feature
    In this version to validate the proof of zero knowledge, many threads are needed. Evidence of zero knowledge means that written evidence states that Zerocoin has been spent, without using additional information such as the amount of Zerocoin spent and the final method.
    – Increase speed in the synchronization process on the blockchain system
    – Determine the location of the fixed node, so that it stays in the correct chain and the latest block
    – Improvements to bugs
    – Stabilizing the price of Zerocoin which had been uncontrolled in several scenarios
    – Improved performance of new RPCs that can provide information about user and serial Zerocoin denomination status, publisher or pubcoin hash, and serial hashes.
    – The rescanringctwallet feature is responsible for finding lost CT or CT Ring balances.
    – Zerocoin denominations that can be controlled by the user, which will then be automated by setting the automintdenom.
  3. March (Veil Core Wallet 1.0.2.0)

The process of modifying this version is a mandatory thing to do to prevent block 86350. Because previously there was an error in calculating the budget, which process of inspection occurred not on the superblock. Then the inspection will start from 50 blocks before the superblock. Notification to users, to remain in the correct chain, before blocking 86350. Some things that will affect Zerocoin’s performance are the process of printing Zerocoin and Basecoin back into CT balances, Zerocoin denominations that will be used first, if the denominator lasts a long time, choice Zerocoin Minting feature that can automatically print as much as possible from the available balance, and before spending the mint collection Zerocoin will be refilled.

4. April (Veil Core Wallet 1.0.3.0)

This update was due to a system malfunction announced by Zerocoin. This update is different from other types of updates that aim to improve quality, but Veil Core Wallet 1.0.3.0 for saving or protecting network performance. You could say Veil Core Wallet 1.0.3.0 indirectly helped replace the role of Zerocoin, but still could not maintain the anonymity of personal data and the number of user transactions. This certainly undermines the principle of Veil as a privatized service provider platform in terms of investment and payment transactions. Protection measures on the network are only useful for maintaining speed in processing transaction transaction data. This anonymity service cannot be returned even though the CT and CT Ring technology components are not affected. At this time data — user data from the beginning of the transaction to date, will not be displayed anonymously again.

The development of technology is not only positively welcomed, by integrating it into the platform. But the development of technology can also be welcomed negatively by parties who are not responsible for using it. So from that we need care and thoroughness for all platforms in dealing with this.

Project links:

Website: https://veil-project.com

Wallet: https://veil-project.com/get-started
 
Facebook: https://www.facebook.com/projectveil/

Twitter: https://twitter.com/projectveil

Discord Channel : https://discordapp.com/invite/Ywyb9hs

Bitcointalk: Totin

Veil Address: bv1qzaprkcrzue8hdhl2c6qtx33uxfcun3ayndeagt

Published at Wed, 01 May 2019 05:07:20 +0000

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