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THE VIEW OF THE FOUNDATION TEAM ON VEIL – Afton aila –

THE VIEW OF THE FOUNDATION TEAM ON VEIL – Afton aila –

Activities that involve the use of digital currencies continue today. Various types of digital currencies come in turns to fill the cryptocurrency trading space. This is a projection that shows how cryptocurrency is still stealing the hearts of its fans. No exception for the technology development team. Many concepts that have been proposed are embedded in each digital platform. But not all of the concepts are well received. Although the ultimate goal is in a positive range, it is ready to be able to guess the desires and tastes of the market. Various efforts were made to support the movement of digital currencies to be more massive. That way, it will be easier for the digital currency to channel its benefits to the community.

Veil supports the concept of a privacy system that is presented in its technology system at all times. By studying various cases in the past, Veil moved forward with a definite step in delivering transaction services anonymously. The goal they are thinking is to answer how to provide a digital currency transaction system that is able to fulfill the wishes of most users while providing a unique value that is only owned by them. A novelty then emerged in the form of a privacy system that was a step towards blockchain technology in presenting a level of security equivalent to a military version of the network system.

Overview of Stories from Founder Veil

Veil was founded at the end of 2018 by a team headed by James Burden. Officially, he is the founder of this platform. His interest in the world of cryptocurrency since 2012 has led him to a very flattering round of the use of digital assets. The level of desire of users to get more digital assets has made James Burden want to be directly involved in it. He finally felt enthusiasm for cryptocurrency. Within a period of approximately 7 years, James has studied all components related to cryptocurrency. His understanding of this field has been very astonishing. How has the blockchain and cryptocurrency mastered the outside inside. The maturity of insights and experiences in a number of investment projects that have involved him, in the end has led to the idea of ​​forming a platform that gives more attention to the privacy system. At that time, anything about Veil had not been discussed.

Coupled with high confidence and commitment, James finally built a platform called PIVX. This development is motivated by a high interest in privacy. PIVX later became the first digital platform that he built. In its network system, Zerocoin has been pinned to present this privacy function. However, he could not be complacent just by building the platform. Finally, James began to initiate Veil’s development project with his other teammates. By studying the problems faced on the PIVX platform, it presents its solution through the Veil platform.

Things That Make Veils Attractive in the Eyes of the Team

Veil is not just created in the form of a blockchain technology-based digital platform. Blockchain has indeed provided an active role in this platform, but Veil also needs additional energy intake from other power sources. Zerocoin, RingCT, PoS, PoW, Dandelion, and Buletproof are some of the sources of Veil’s strength. There are still other components that act as supporters. This platform can be said to be the richest platform in terms of its technology network. The construction of this infrastructure is not arbitrary. Many of the considerations and criticisms that were passed in their days underwent this project. All security features are present on this platform and that makes it very rich and shows a very strong impression.

Tom Bradshaw, who is the main leader of the network development project or Veil network architecture, exclusively expressed his interest in this platform. For him, Veil has the advantage that the code base used is completely new and keeps up to date. The code base is also more modulated so it’s easier to handle. Tom also has great confidence in Veil’s potential in facing the cryptocurrency market which is very competitive. Veil will continue to be improved in various ways to better operate it. The next plan that will be carried out by the Veil team is to present several new functions that will make Veil more proud of the competing platforms.

Everything can be realized by hard work and smart work to form a functionality that is professionally feasible to compete with other leading platforms. Technology will continue to be a point of interest that they must pay attention because from there, their success can reach the highest peak.

Thank you for reading this article, please click the link below for more information:

Website: https://veil-project.com/

Twitter: https://twitter.com/projectveil

Telegram: https://t.me/VEILProject

Discord: https://discord.veil-project.com/

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Bitcointalk Username: Afton aila

Veil Address: bv1q5t5kkhcl82r3caqj0739wn0636g2m4xmzzgl6r

Published at Mon, 13 May 2019 07:24:00 +0000

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Ether Price Analysis: Decrease in Buy Volume Pushes Price Lower

Ether Price Analysis

Over the past week, ETH-USD markets have seen a steady bleed as prices have slumped lower and lower. Any buy-back volume the markets managed to see was gradually eroded as the overall trend headed downward:

ETHUSD Macro Trend.png

Figure 1: ETH-USD, 4HR Candles, Gemini, Descending Trendline

As predicted in last week’s ETH-USD analysis, a failure to see any significant increase in buy volume led the market to see further tests of the Fibonacci Retracement values. At the time of this article, the market is rejecting the neckline of the previous Double Bottom Reversal (shown in yellow and noted at the 61% retracement values) and has moved on to retest the 50% retracement:

ETHUSD Fib Retracement.png

Figure 2: ETH-USD, 1HR Candles, GDAX, Fibonacci Retracement Values

Multiple tests of the 50% and 61% values are very common in both downward and upward trends and can sometimes provide great opportunities for short-term market trades due to the predictable support and resistance values. Today’s rejection of the 61% line is not entirely surprising; a lot of volume entered the market upon the arrival of the Double Bottom Reversal from last week, marking a potential turnaround from a strong bear market to a short-lived bull market. Ultimately, after failing to retrace the downtrend of the previous bear market, the bullish trend subsided and continued its way toward lower values.

In the coming days, don’t expect to see any strong upward movement from ETH-USD markets without a test of lower values. As we continue to test the Fibonacci Retracement values, we can expect to see some turbulence surrounding another test of the 50% and ultimately a test of the 61% values. If we manage to slide below the 61% line, there isn’t much in terms of support before the market reaches the lower $200s. A drop below the 61% line could lead to another slip of $50 as the market will ultimately try to find its next line of support.

Summary:

  1. The ETH-USD price has seen a slow descending trend as multiple tests of the established Fibonacci Retracement values have continued.

  2. If ETH-USD drops below the 61% Fibonacci Retracement values, a pullback to the $200s is most likely — this is a significant level of support below the $250s.

Trading and investing in digital assets like bitcoin and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on bitcoin Magazine and BTCMedia related sites do not necessarily reflect the opinion of BTCMedia and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.

The post Ether Price Analysis: Decrease in Buy Volume Pushes Price Lower appeared first on Bitcoin Magazine.

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