Monero is the mother of privacy coins and may not loose its top position soon despite all its technical lags all because of markets sentiment to originators. But then, Veil is young and gaining some traction. With a dedicated team at Veil Labs eager to ensure that Veil coin stays abreast with evolutions in technology to make it competitive in the future. While I trade some XMR, I won't forget to hold Veil too for posterity sake

I do agree with the tittle of your article, Blockchain which Is an immutable distributed public ledger where cryptocurrency transactions can be held securely without a third party should be further developed by key stakeholders to not just hold and distribute transaction records but also more discrete about it. Discrete is the key word and the core reason why bitcoin was created from onset

Cryptocurency was developed as an asset with unique cryptographic architecture to securely and obscurely carry out transactions. Even bitcoin, the mother of all cryptocurrencies started as a currency in the dark web before surface web adoption. But is cryptocurrency entirely private? No! Addresses can be traced and usually indestructible. So, the idea of developing a coin with a one - time address to conceal transactions details and history emerged.

Moreno developed a technology that can create a one time address that breaks the link between the users and recepient but that doesn't mean that transactions histories can't be revealed to trusted parties by retrieving the stored data. This stored data can be huge and most times drags scalability which is a problem.

Veil uses several core privacy technologies to improve coin privacy and build further on the developments of Monero and Zcoin. Veil employs zero knowledge proofs through Zerocoin protocol to hide all forms of transaction details between the sender and receiver.

By Dandelion protocol, transactions under veil network can't be traced back to its source. And by Bulletproof technology, Veil ensures that transaction sizes are reduced to barest minimum in bid to increase scalability a multiple folds which other privacy coins competing with Veil hardly offer.