VEIL — WITHOUT PRIVACY COMPROMISE

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Veil Projcet- is integrating best-in-class anonymity technologies, to become the first cryptocurrency that provides uncompromising, always-on privacy. Learn more, download the wallet, and join the journey.

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

Mine Veil : https://veil-project.com/mining/

Explolers : https://explorer.veil-project.com/

Download Wallet : https://veil-project.com/get-started/ ( Windwos,Linux, Mac Os )

WHAT IS VEIL ?

[Veil Project ](https://veil-project.com/)was conceived in early 2018 by James Burden, a recognized industry expert in crypto-privacy and holding a track record of founding and leading successful cryptocurrency projects like PIVX. The motivation for the project was recognition of the need for a currency that provided full-time privacy without compromising strength of anonymity.

> ALWAYS-ON PRIVACY
Veil combines Zerocoin and RingCT technologies to provide full-time privacy without compromise.
> ANONYMOUS EARNING
Veil is the first coin that allows its holders to exclusively stake anonymously.
> FAIR LAUNCH
No ICO. No premine. Veil’s blockchain is secured via Proof-of-Work and Proof-of-Stake, in order to combine security and distribution.
> USER-FOCUSED
From advanced wallet interfaces, to seed recovery, to behind-the-scenes savings of storage space, Veil delivers the benefits of crypto to the masses through a focus on user experience.
> SELF-SUSTAINING
The Veil network includes built-in self-funding for project development, operations, customer support and ongoing research and development.
> FUTURE-SAFE
Veil will continue to push the limits of cryptography and blockchain technology, through Veil Labs, an entity dedicated to R&D and partnerships with leading academic institutions.

VEIL TENCHNOLOGY

Discover how the Veil Project is leveraging state-of-the-art technologies to set a new standard in the field of privacy-focused cryptocurrencies.

Introduction & objectives
Across the landscape of privacy-focused cryptocurrencies, two general approaches have been taken — one providing full time privacy, and the other providing superior anonymity. Each of these approaches have benefits and trade-offs.

The original privacy coin, Monero, with its RingCT technology, provides “full-time” privacy. RingCT, however, based on sophisticated mixing, has been surpassed in terms of strength of anonymity by advanced cryptographic methods. Coins like Zcoin are based on the Zerocoin protocol, providing superior anonymity, but with the drawback that only certain types of transactions in the network are private — making it possible to inadvertently transact publicly. To emphasize the magnitude of this problem, in the networks of some of today’s most visible privacy coins, less than one percent of all transactions are private. Finally, a drawback shared by many privacy-focused projects is a dependance on outside expertise and external software developments to improve their networks.

Core privacy technology
Veil combines the world’s most secure blockchain software, Bitcoin version 0.17.1, with the advanced, cryptography-based privacy protocol, Zerocoin.

Over a decade in operation, the Bitcoin core software has demonstrated itself to be the most secure and battle-tested blockchain software in existence.
The Zerocoin protocol is based on zero-knowledge proofs, a cryptographic method which allows a computation to be proven to have taken place, without knowledge of its inputs and outputs. In the case of a cryptocurrency, this computation would be a value transaction, in which the sender, receiver and amount transacted can remain anonymous.
Support for the Dandelion protocol makes it nearly impossible to trace a transaction back to its source node on the network.

User experience
Veil places great emphasis on user experience, and in this regard will support a number of experiential benefits, beginning with multi-transaction Zerocoin spends.

What does this mean? Those familiar with the protocol will be familiar with the concept that, due to the computation and transaction size requirements, Zerocoin systems usually limit transactions to a fixed number of denominations. How this manifests itself as a user problem, is in limiting the amount a user can spend in a single transaction. Veil addresses this user friction with multi-block transactions that are transparent to the user, and allows them to create sends of any size.

To avoiding the necessity of file backups, the Veil wallet will support a single BIP-0039/BIP-0044 Deterministic Seed from which its entire wallet can be restored, including both Basecoin and Zerocoin transactions.

Finally, starting in phase 2 the Veil wallet will offer users the option of saving tremendous (and ever-growing) amounts of local disk storage, through a process known as transaction pruning, in which all transactions not relevant to the particular wallet are removed from the local data set.

The Veil emission schedule

As summarized in the table, the Veil coin emission schedule includes:
A declining and capped contribution to the founder, to recover the seed investment from which the project has been bootstrapped.

A declining but uncapped contribution to the Veil Labs, to provide for ongoing research and development in privacy technologies related to cryptocurrencies.
A front-heavy, declining and uncapped contribution to the Veil operations budget, funding operations activities such as core network and wallet development, project management, online user support, bounties, marketing and partnerships.
It should be noted that the funds allocated to the Labs and operations budgets will not stake, meaning those funds will not disadvantage those staking in the network. Salaries paid are however free to stake.