The Veil Project is a highly developed privacy coin with a focus on privacy and security. Thanks to this coin, the crypto transactions are completely invisible. It can’t be traced, it can’t be followed. This is because the project was developed according to the Zerocoin protocol. The Zerocoin protocol prevents the transactions to be monitored by companies, States or others. In this way, you can perform your crypto transfer transactions as desired without having to account to anyone.
The Veil Project is currently listed in many exchanges and Coinmarketcap. You can start to take advantage of opportunities instantly by downloading the Veil Wallet to your phone or computer. These opportunities include systems where you can generate passive income, such as “Proof of Stake” and “Mining”. So the Veil project does protect you from the dangers that come from outside. It also allows you to generate passive income anonymously. In this way, in which country, when, how much encryption or money transfer you do not know anyone.
Where Should we start the Veil Project? First:
Download wallet here: https://veil-project.com/get-started/
1) Download Veil Wallet
Veil Wallet is currently available on Windows, Linux, macOS operating systems. Android and iOS versions are under construction. After downloading this wallet, you can instantly activate your wallet by downloading the snapshots of all of the veils blocks and following the instructions.:
https://veil.tools/docs/snapshots.html
My preference and suggestion is to download the “daily” version, about 8 GB of this file, you can download instructions to integrate your own operating system. After you complete this process, Veil Wallet will be available.
In this section you can go to the “Receive” section and request your own private veil address. This address is the address that you will use when you request from Veil coin.
We must not forget that after a while Veil will publish a hardware like Trezor and Ledger. In this way, Veil will build an extra firewall and become an unbeatable fortress.
2) How to Buy Veil Coin?
As I just mentioned, Veil coin is listed on many exchanges.
You can buy Veil coin from the exchanges listed below. This list is listed by the date of entry into the exchanges of Veil coin.
VINEX Network
TXBIT.io
Bisq
Graviex
ChainRift
Zolex
STEX
BitMesh
Reflextrader
CITEX
3) Proof of Stake : When you have enough Veil coin, you get passive income using the proof of stake system. If you have 10,000 veils coin, you can win a 50/50 ratio on a monthly basis. This system works as a bank's interest system, but it is much different from it. Because you guarantee that you will not sell it when you hold a certain amount of Veil coin in your possession. In this way, you can help confirm blocks and help the project grow. You can use this system to keep your wallet open 24/7 and earn income without doing anything.
4) Veil Explorer
This page provides general and detailed information about the veil project. Thanks to this page with various statistics, the project has become a transparent identity. Total supply, daily approved block count, last approved block count, which method is approved and many more information can be found at this address.
In the chart below, you can also find technical details about the project
Technical Detailed Specifications about Veil
New Zerocoin vulnerability and mandatory wallet update v1.0.3.0
Disclaimer: There is an article published 26 April by Zcoin.
Following our earlier announcement, we wish to disclose further details on the Zerocoin vulnerability that we discovered to provide additional information on the situation as details have begun to emerge online.
9th April: Our warning systems alerted us of irregularities in the mint and spend patterns of the 100 XZC denomination. We immediately contacted pools to disable Zerocoin spends while we investigated the issue and informed exchanges as well.
On the same date, we informed PIVX, Veil, and Gravity Coin (projects that utilize Zerocoin) of these irregularities and that we recommended disabling Zerocoin until the root cause was found.
16th April: We posted an announcement on our blog informing users that Zerocoin was disabled.
17th April: We made disclosures to Navcoin (who was developing a Zerocoin variant called ZeroCT on their testnet) and NIX. We created a private Slack working group with Veil, PIVX, Navcoin, and NIX to work on finding the flaw.
19th April: Our core developer Peter Shugalev found the root cause of the issue and confirmed that it was a failure in the cryptography of the Zerocoin protocol and that it affected all Zerocoin implementations. We disclosed the part of the Zerocoin proof that was flawed to the above-mentioned teams and how the forgery worked on a high level. We also informed Ian Miers, one of the authors of Zerocoin who also disclosed it to Matthew Green.
24th April: We released an emergency update to plug any remaining attack vectors, disclosed full details of how the attack was carried out to the other projects, and outlined a potential fix to the proof in the private Slack working group.
You can read the full article here: https://zcoin.io/further-disclosure-on-zerocoin-vulnerability/
This published article speaks of a deficit in the Zerocoin Protocol. But the Veil project has found an immediate solution to this problem and released version 1.0.3.0 to secure users.
If you still have a question about privacy coins, you can read the above-mentioned article and read this article by Veil.
