Privacy seems to be a forgone word in today’s digital space. However, the Veil technology has come to help secure consumer trust by providing a platform for them where their privacy is treated with the utmost importance.
When trading with cryptocurrency, the trader and the buyer should be confident of not having the details of their transaction in the public space. Therefore, there should be policies and technologies put in place to prevent any anomaly from happening.
The team that created the veil project have seen the need for people to be able to decide what and what they want visible about their transactions, so they created a platform where traders and buyers would be assured of maximum security when doing their business transactions.
They have succeeded in combining the old blockchain technology with more advanced blockchain technology. The ZeroCoin which is the currency used on the platform is untraceable, so the anonymity of the user is guaranteed. Therefore, creating an awesome experience for the user who can also earn money from the Veil blockchain anonymously.
Providing an always-on privacy experience for users is no mean fit as it helps to make sure that there is security even for the users who happen to trade with people on other platforms using different coins. The Veil team added RingCT from Particl to their base coin transaction so that no matter the platform the user’s anonymity is still secure.
User experience is everything on the Veil platform as the team would go tooth and nail to ensure that they provide a good experience for the users
The blockchain is a hybrid blockchain ensures that the network is private with the users conducting transactions anonymously, Veil is the only blockchain technology that allows its users to trade and carry out transactions anonymously to further validate the user's security and privacy.
In the traditional business world, transactions are carried out with IPO’s been issued between the sender and the receiver, however, in the digital world ICO's (initial coin offering) are used but on the Veil platform this is not used as the blockchain is already secured with proof-of-work and proof-of-stake. This does not only enhance the already present high-end security, but it also brings about an organized distribution of goods and services on the platform.
The beauty of the Veil blockchain is that it has a team of dedicated workers called the Veil lab who work day in day out to improve the quality of the cryptocurrency and the blockchain or network. They would continue to push boundaries for anonymity and privacy on the blockchain making sure to give their users the perfect experience so that they can continue to patronize the platform.
Veil blockchain exists to give its users the best possible experience, which is better than any they can receive on any other platform. The wallet interface it offers its users are advanced and when transacting or trading the user can send files of any size as opposed to the usual limitation that the users on other platforms generally face.
