Moreno Vs Veil (A Side by Side Comparison)

[Giletto]

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Most times, words and long articles have not really been enough to illustrate how these privacy coins measure up against one another and thus, it's necessary to put a closer perspective on each ones weaknesses and strengths for a better cryptocurrency decision and awareness. So how does these two really measure up?

Monero

Consensus Algorithm - PoW

Masternodes - No

Premine - No

ASIC Attack Resistant - Yes

Untraceable - Yes

Wallets - Yes

Retrievable Transaction History - Yes

Better Scalability - No

Staking Rewards - No

Exchange - Yes

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Veil

Consensus Algorithm - PoW & PoS

Masternodes - No

Premine - No

ASIC Attack Resistant - Yes

Untraceable - Yes

Wallets - Yes

Retrievable Transaction History - No

Better Scalability - Yes

Staking Rewards - Yes

Exchange - Yes

[Midz]

Why not just make one thread here. Your content is about discussing veils
https://bitcoingarden.org/forum/index.php?topic=70996.0

[tbossmitche]

A conclusion I seem to be able to draw from your write-up is the fact that Veil might be a major upgrade on what is on offer by Monero.

The staking reward system actually sounds interesting. However, don't you think there might be times that transaction history might be needed by the person effecting the transaction for record purposes or as proof of transaction, considering the fact that it's clearly stated that transaction history is not retrievable?

[sunny]

Veil seems to be an upgrade of monero platform, but it is lacking being that transaction history is highly needed for lots of purposes, most especially for future reference.
Although, I am a fan to the scalability of a coin. Notwithstanding, if veil can make the transaction history to be visible, then it might be ahead and might be more preferable to monero.

[Giletto]

Why not just make one thread here. Your content is about discussing veils
https://bitcoingarden.org/forum/index.php?topic=70996.0

Not just about veil  though I must confess it's architecture is unique and promising. Did you also know that the Founder of Veil (James Burden) s also a Co founder of PiVX, a fork of Dash and currently among top 100 coins on coinmarketcap? We learn everyday

[Giletto]

Veil seems to be an upgrade of monero platform, but it is lacking being that transaction history is highly needed for lots of purposes, most especially for future reference.
Although, I am a fan to the scalability of a coin. Notwithstanding, if veil can make the transaction history to be visible, then it might be ahead and might be more preferable to monero.

I sincerely don't want the transaction history stored anywhere. It can be a veritable too in the hands of hackers. Maybe, if you want a retrievable transaction data you can choose Monero but for otherwise, you choose veil. They both serve different niches in privacy.

[Midz]

Not just about veil  though I must confess it's architecture is unique and promising. Did you also know that the Founder of Veil (James Burden) s also a Co founder of PiVX, a fork of Dash and currently among top 100 coins on coinmarketcap? We learn everyday

Do you understand what I mean? My question and your answer are a little different

[SunnyFang]

This isn't a very good comparison of the two privacy coins since you completely miss out on giving details...

Monero
Monero's ASIC-resistance is limited; check this: https://www.cryptoglobe.com/latest/2019/03/the-monero-hard-fork-did-it-help-gpu-miners/

- Despite Monero updating its code to cut off miners, the hash rate from farms quickly recovered.
- Monero's CryptoNight tech makes all tx secure, but the transactions are too heavy.


VEIL
Raven has been the most effective at holding back ASICs, but also somewhat faltered recently.

- VEIL's X16RT algorithm is the most advanced development in ASIC resistance.
- Zerocoin transactions aren't exactly light either. However, VEIL is introducing multi-block tx capacity; THIS will make transacting on this privacy chain more scalable. 

[Giletto]

This isn't a very good comparison of the two privacy coins since you completely miss out on giving details...

Monero
Monero's ASIC-resistance is limited; check this: https://www.cryptoglobe.com/latest/2019/03/the-monero-hard-fork-did-it-help-gpu-miners/

- Despite Monero updating its code to cut off miners, the hash rate from farms quickly recovered.
- Monero's CryptoNight tech makes all tx secure, but the transactions are too heavy.


VEIL
Raven has been the most effective at holding back ASICs, but also somewhat faltered recently.

- VEIL's X16RT algorithm is the most advanced development in ASIC resistance.
- Zerocoin transactions aren't exactly light either. However, VEIL is introducing multi-block tx capacity; THIS will make transacting on this privacy chain more scalable.

Yes, it is not so detailed to leave more room for personal research. Monero actually fails the contemporary test on ASIC Resistant and the oversight will be corrected. Thank you for pointing that out

[Vande12]

But as far as i know, before monero implemented asic resistant and the problem that caused by asic miners were not discovered. But after that problem already discovered and monero used asic resistant to prevent the domination of asic miners and the possibility of centralization in the blockchain.

Veil was implementing POS and it looks fairer rather than putting all of the power into the POW system. I do believe veil will learn a lot from the old case that happened in the blockchain.

[Coltpython]

What makes Veil special is that most other Zerocoin-based privacy coins have a transparent (public) “Basecoin” layer. What this means is that a user can inadvertently make a non-private transaction. But with Veil, the Basecoin layer is well secured with RingCT. This ensures continuous full-time privacy for its users

[Etrilicious]

Not just about veil  though I must confess it's architecture is unique and promising. Did you also know that the Founder of Veil (James Burden) s also a Co founder of PiVX, a fork of Dash and currently among top 100 coins on coinmarketcap? We learn everyday

Do you understand what I mean? My question and your answer are a little different

Haha i dont think he got what you mean.

[thamisephoenix]

Veil seems to be an upgrade of monero platform, but it is lacking being that transaction history is highly needed for lots of purposes, most especially for future reference.
Although, I am a fan to the scalability of a coin. Notwithstanding, if veil can make the transaction history to be visible, then it might be ahead and might be more preferable to monero.

I sincerely don't want the transaction history stored anywhere. It can be a veritable too in the hands of hackers. Maybe, if you want a retrievable transaction data you can choose Monero but for otherwise, you choose veil. They both serve different niches in privacy.

Thank you for clarifying this. People still fail to understand that competition in any industry helps most of the platforms to thrive. This will definitely limit complacency and help everyone bring on their A game. As far as I am concerned Monero will always remain relevant but in another year or two, I see Veil being right up there with the best of privacy inclined platforms.

[Coltpython]

I would also like to assure everyone here that when compared to other privacy coins out there, Veil delivers an unprecedented level of always-on privacy and anonymity. In short, whenever you make use of Veil, you never have to worry about accidentally making a non-private transaction

[Holayiwola]

Veil >

Seen several people saying monero is the best privacy coin . it has its own system of dealing and doesn't make it the best for me..
Veil create a high performance and stable cryptocurrency transactions renowned for its sound and reliable economics and seamless user experience. The software is coded and designed by experts which offers the best in terms of stability, usability and performance