The biggest strength that is owned by the Veil platform is through the application of system privacy functions in all its platform functionality. Not just a theory that is only recorded in the whitepaper, Veil proves that their platform is able to provide very comprehensive services in facilitating digital transactions using . Privacy will continue to accompany every operating process that takes place in it. The concept of transactions taking place within this platform will take place under the protection of a high-level privacy system. This will make every data and all components involved in the transaction be anonymized. Other users will not be able to find out information about every transaction made by other users but only their own transaction data that can be viewed freely.
Veils are erected on very strong foundations. Each component involved is ensured to have sufficient ability to maintain the balance of this platform. Technology, digital assets, users and others are just a few of Veil’s foundation components. Each component is continuously empowered and developed to achieve maximum functions in serving users. Failure is fatal to Veil because it will have a direct impact even though it is small in size. However, Veil will always ensure that the platform does not have the slightest process defects. That way, the availability of professional services will always be there whenever the user uses them.
The privacy system on this platform is the result of combining the two best privacy technologies in the world today, namely Zerocoin and Ring CT. Both of these technologies have undoubtedly provided a very high level of privacy. Both are combined by Veil in the form of hybrid technology that has never been seen before. Combining the two will result in a privacy system that cannot be matched. Zerocoin will manage the privacy system on Veil coins so that transactions can take place without being known at all by other users. Information about transactions will be displayed in an anonymous form, both in the initial process to the end of the process. While the RingCT will manage basecoin privacy by providing a privacy system that is always active so it does not make it difficult for users to transact with the public.
VEIL is the world’s first coin that supports transactions in anonymous form. When this coin is transferred to another user, the amount will not be known and the origin of the coin will also be disguised. This function is derived from Dandelion technology which is also applied in the Veil operation network to ensure all addresses from which transactions are disguised or omitted. No party will be able to trace the address because the highly superior Veil technology will strengthen its defense so that it can fight various attempts to attack their network. Veil’s technological superiority is also a contribution to the technology they use. This technology they developed from the owned by version 0.17.1 which is the latest version and declared as the most powerful compared to previous versions.
The acquisition of VEIL coins can be done through the process. is carried out based on the Proof of Work (PoW) consensus algorithm. With this consensus, the process will take place in a more structured and more even manner. Usually users must compete strictly to obtain digital or coins through purchases. The thing that is considered less effective to do is the fragmentation of the purchase period based on the target buyer. Many platforms hold a period of purchase before the period that should be carried out. This is actually done to gather initial support from investors so that they will find it easier to develop platform functions even further. However, this seems like discrimination in trade because it prioritizes certain groups. In addition, the facilities and benefits provided also tend to be more profitable for these special groups.
To ensure a fair system in obtaining VEIL , this platform will not hold a period in the form of ICO or Initial Coin Offering, pre-, pre-, private , and other types of sales that only specialize in certain groups. Every user on the Veil platform has the right to obtain the same service in terms of coin purchases. They must also be given the same opportunity to compete with each other in the arena which is indeed intended for all without any exceptions. Veil will only hold a seller period once for all users. This will make the energy, time and cost more efficient because it is only carried out in one period.
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Published at Fri, 26 Apr 2019 06:14:36 +0000
