The development of veil, which began the start of a true advancement in the world of crypto currency, began in August 2018 and officially was launched on December 15th 2018. At the launch, veil has a functional full-time private transaction platform that provides anonymity and works on the latest and improved Bitcoin core version 0.17.1 as the open source base layer. It was a sign of a future that was promising, a new sensational advancement that would go on and shake the world.
Getting started with veil
Veil mostly is purchased and earned through exchanges and participation in the veil bounty programs. The distribution model of the coin will utilize hybrid mining and staking including a system that allows for self-funding in order to ensure fair distribution and enough capital to achieve the mission and goal of the veil.
Veil mining
Veil has provided miners the transparency and security, particularly the miners who may wish to contribute hash power to veil by undergoing the process of being reviewed by proof-of-review. With their high proof-of-review verification tier 3 there is validation of proof-of-works projects through analysing the team, project fundamentals and codebase. Mainnet went live and during at least 12 months of the process the X16RT (Time stamp) algorithm was used, the X16RT was originally associated with raven coin in January 2018.It improves upon X16 together with a time stamp based random seed used in determining the next hash function and making it stronger to attack. It is one of the most ASIC resistant mining algorithms available in our world today.
STAKING VEIL
The security of veil network is with the anonymous zero-coin based proof-of-stacks system and through the following steps you begin staking veil.
Download and install the official veil wallet
Download and install the official veil wallet
There is a first-run tutorial to setup and back up your wallet for you to follow.
A QR code or receiving address would be displayed in the overview tab to deposit veil into your wallet when you can send veil.
Click the staking toggle at the bottom left and input your password to unlock your wallet for staking autominting.
Allow the wallet to automatically mint your base coin veil into zero-coin veil.
However, it is necessary to take note that a negligible zero-coin mint fee of 0.01 veil exists as a spam deterrent. Autominting newly received veil uaually takes up to 30-70 minutes which may be sped up with manual minting which is accessible through settings > Zero-coin minting and after newly minted zero-coin veil receives 200 confirmations (-3.5 hours), it will begin staking and can earn staking rewards. Ensure your wallet states its unlocked for staking at the bottom left.
A QR code or receiving address would be displayed in the overview tab to deposit veil into your wallet when you can send veil.
Click the staking toggle at the bottom left and input your password to unlock your wallet for staking autominting.
Allow the wallet to automatically mint your base coin veil into zero-coin veil.
However, it is necessary to take note that a negligible zero-coin mint fee of 0.01 veil exists as a spam deterrent. Autominting newly received veil uaually takes up to 30-70 minutes which may be sped up with manual minting which is accessible through settings > Zero-coin minting and after newly minted zero-coin veil receives 200 confirmations (-3.5 hours), it will begin staking and can earn staking rewards. Ensure your wallet states its unlocked for staking at the bottom left.
Earning veil
One sure way of earning veil is through the Veil bounty program which requires performing a wide variety of tasks, such as traditional bounty task, high reward contests, bug bounty, dev bounty and adopting veil as a merchant or service, that will adapt to relevant and find effective means of promoting and improving the veil.
VEIL USEFUL LINKS
- Website: https://veil-project.com
- Discord: https://discord.veil-project.com
- Facebook: https://www.facebook.com/projectveil/
- Twitter: https://twitter.com/projectveil
- Telegram: https://t.me/VEILProject
- Bitcointalk Forum: https://bitcointalk.org/index.php?topic=5065331.0
- Github: https://github.com/Veil-Project/veil
- Reddit: https://www.reddit.com/r/veil
Author of article:
| NAME | KidsJamanNow | |
| ETHEREUM WALLET | 0x20972209f08119939816158a1417b6E9c11Cd010 | |
| BITCOINTALK PROFILE | https://bitcointalk.org/index.php?action=profile;u=1308879 | |
| https://www.facebook.com/KidsJamanNow | ||
| https://twitter.com/KidsJamanNow | ||
| https://www.linkedin.com/in/kaziashrafulislam | ||
| YOUTUBE | https://www.youtube.com/watch?v=QiV_MYkjPW0 |
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