Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Topic started by: Jereh on April 14, 2019, 10:34:44 AM

Title: A blockchain where transaction history is concealed?
Post by: Jereh on April 14, 2019, 10:34:44 AM
We talk about mainstream adoption all the time but I know that mainstream adoption will not just happen on us .
There's need to work it out.
That is why I think it's high time we start addressing the issue of privacy on the blockchain.
For example, a business concern or even an individual won't find the idea that others can view and monitor their financial movements on the blockchain palatable.
No one individual will be Happy that his banking activities can be seen and monitored by just anyone.
The privacy challenge seems to be limiting the adoption rate and that is why more privacy coins are needed to address this challenge.
Veil is a privacy coin which seeks to improve upon the solutions implemented by other privacy coins and provide complete privacy without compromise.
What do you think?

Title: Re: A blockchain where transaction history is concealed?
Post by: Jereh on May 02, 2019, 10:02:19 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. :-*
Title: Re: A blockchain where transaction history is concealed?
Post by: Yemzol on May 03, 2019, 02:22:24 AM
Thanks for the information and bringing this project to our doorsteps, I did my findings several hours after reading ur post, I see the potentials behind this veil coin. Without ICO , it is doing very well on numerous exchanges with good price on coinmarketcap I wont be surprised if I see it in top 50 coins soon