Messages

1

Mining / Re: X16RT mining algorithm - How veil came about it

« on: May 19, 2019, 08:51:41 PM »

I agree with your assertion.
Apart from the fact that the veil privacy coins would ensure privacy without compromiseon the blockchain in relation to transactions, it also presents an opportunity to earn passive income through staking and mining.

2

Mining / Re: Nowadays, even ordinary laptops can mine bitcoins.

« on: May 19, 2019, 08:47:02 PM »

It's a new Dawn for average miners with the veil privacy coin mining.
Miners will get equal opportunities mining veil ,which means more money compared to what obtains from mining other coins.

3

Coin Home / Re: [ANN] [PoW] [PoS] VEIL - Privacy without compromise

« on: May 19, 2019, 09:45:07 AM »

I think it's best we wait  for an update from the team to that regard.
I believe that they will come up with even effective privacy protocol.

4

Crypto Discussion / Re: The No.1 exchange Binance got hacked. Are we safe? Can hackers be stoped?

« on: May 17, 2019, 09:52:37 PM »

The security issue of the blockchain could be said to be the one of the factors that "subtly" encourages hacking .
Anyone can get to see anyone's holdings and transactions on the blockchain.
This helps hackers to Know what wallet to hack and all that.
This is why there's the need for privacy coin projects to  provide solution to this issue with a view to reducing the incidences of hack.
Veil privacy coin has proposed lasting solution to the issue through it's innovative cutting edge technologies.

5

Crypto Discussion / Re: Anyone who use mobile wallets?

« on: May 17, 2019, 09:43:48 PM »

Yes. Mobile wallets can be hacked .
But there are some good wallets whose hacking would be extremely difficult  due to the water tight security measures in place .
Another good project that I believe the team is working tirelessly behind the scene to introduce solid mobile wallets for it's users.

6

Mining / Re: Nowadays, even ordinary laptops can mine bitcoins.

« on: May 13, 2019, 08:38:02 PM »

Apart from bitcoin mining, one can also mine other altcoins with potential like veil .
You can even make a lot of profit mining veil than bitcoin.

7

Crypto Discussion / Re: VEIL PROJECT : ANOTHER MEGA PRIVACY COIN?

« on: May 12, 2019, 04:25:56 PM »

 What actually caught my attention about the veil privacy coin was the "complete privacy without compromise" statement.
It's actually exciting that the privacy of users on it's network would be securely protected against third party intrusion.
That's some good news  in  cryptosphere.....considering that it would affect mainstream adoption positively.

8

Crypto Discussion / Re: Teams Should Be Quick to Adapt To Changes

« on: May 12, 2019, 04:18:08 PM »

I agree with your submission.
The veil team is so professional and proactive in dealing with developmental issues regarding the veil privacy coin.
This is a testament to the fact that they mean business .

9

Crypto Discussion / Re: Moreno Vs Veil (A Side by Side Comparison)

« on: May 11, 2019, 08:50:58 AM »

I do not understand the compaism here.

Comparing veil with monero in my opinion is like comparing a truck with an aircraft.
There 8s no basis for comparison because unlike monero, veil privacy coin would guarantee completely privacy without compromise on it's network.

10

Mining / Re: X16RT mining algorithm - How veil came about it

« on: May 09, 2019, 11:08:35 PM »

I like the fact that the veil would implement the X16RT hashing algorithm .
The algorithm is asic Resistance ,which means that veil 0rivacy coin can be only mined using GPU hardwares etc.
This would bring about a level playing ground for miners.

11

Crypto Discussion / Re: Moreno Vs Veil (A Side by Side Comparison)

« on: May 09, 2019, 10:55:31 PM »

What the the monero model does is to mix individual transactions with other users transaction in order to conceal the identity of the wallet addresses and making it difficult to Know the owners of the wallet addresses through the ring signature technology.
This model has not  been  100% effective in bringing untraceability as transactions can still be traced to the sender while veil privacy coin integrates some technologies like dandelion that would improve on the technologies implemented by monero to bring about complete privacy without compromise.

12

Mining / Re: I want to learn mining setup

« on: May 03, 2019, 06:17:18 PM »

Unlike some  privacy coins that uses only proof of stakes consensus algorithm ,  Veil is a Hybrid Consensus algorithm  which uses Proof of Work on Nvidia and AMD processors and also proof of stakes which would provide lasting solution to the 51% security threat on the blockchain.
Again, veil miners would be provided with a level playing ground....which means that miners mining veil coin stand to make more profit .

13

Coin Home / Re: [ANN] [PoW] [PoS] VEIL - Privacy without compromise

« on: May 01, 2019, 05:45:04 PM »

The various weaknesses of the present  privacy coins is a testament to the need for a privacy coin that would improve  upon the solutions proposed by these coins in order to meet the privacy demand of users .
Veil seeks to  takes privacy coins to a whole new level  by leveraging off the existing technology and making improvements on them to make the protocol effective...which would quarantee privacy without compromise.

14

Coin Home / Re: The first zerocoin-based cryptocurrency with "always-on" privacy.

« on: April 17, 2019, 08:14:10 PM »

One thing I like about the blockchain is that in the bid to make it function maximally u the aim of bringing values down to users ,which in turn would encourage participation, new projects keep coming up with the view to improving upon the previous solutions proposed by these projects inorder to achieve the desired altimate result of mainstream adoption.
One of this challenges that seems to be hindering adoption rate is the security of the blockchain...which some other projects proposed to solve using some technologies.
Unfortunately , there are inherent weaknesses of some of the technologies .
Despite the commitment of these projects to re-create a blockchain where transactions would be highly anonymous , untraced and unlinked to the initiator(sender) of the transaction, there is still room for improvement of these technologies to achieve 100% annonymity of transactions on the blockchain.
Introducing veil, a privacy coin.
You may be wondering what veil has got to offer .
Veil would make privacy without compromise a reality. This it tend to achieve using some cutting edge technologies, some of which are zercoin protocol , dandelion and bulletproofs technology which is adopted to help reduce transaction sizes.  the Veil network will implement a Proof-of-Stake (PoS) consensus algorithm to ensure maximum energy effectiveness and decentralization..
The zerocoin protocol, bulletproof ,dandelion etc combined would give the veil project an edge over other privacy coins.

15

Coin Home / Re: The first zerocoin-based cryptocurrency with "always-on" privacy.

« on: April 17, 2019, 08:13:05 PM »

One think I like about the blockchain is that in the bid to make it function maximally u the aim of bringing values down to users ,which in turn would encourage participation, new projects keep coming up with the view to improving upon the previous solutions proposed by these projects inorder to achieve the desired altimate result of mainstream adoption.
One of this challenges that seems to be hindering adoption rate is the security of the blockchain...which some other projects proposed to solve using some technologies.
Unfortunately , there are inherent weaknesses of some of the technologies .
Despite the commitment of these projects to re-create a blockchain where transactions would be highly anonymous , untraced and unlinked to the initiator(sender) of the transaction, there is still room for improvement of these technologies to achieve 100% annonymity of transactions on the blockchain.
Introducing veil, a privacy coin.
You may be wondering what veil has got to offer .
Veil would make privacy without compromise a reality. This it tend to achieve using some cutting edge technologies, some of which are zercoin protocol , dandelion and bulletproofs technology which is adopted to help reduce transaction sizes.  the Veil network will implement a Proof-of-Stake (PoS) consensus algorithm to ensure maximum energy effectiveness and decentralization..
The zerocoin protocol, bulletproof ,dandelion etc combined would give the veil project an edge over other privacy coins.