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Lektai
Posts: 7
Joined: Tue Apr 16, 2019 5:06 pm

Facts you may not know about veil

Sat Apr 20, 2019 3:32 am

Veil development started in August 2018
Veil is a cutting edge full time private transaction system, it is also the first zerocoin protocol based coin with always on privacy, meaning one cant accidentally make traceable transactions.
Veil consensus protocol is rather an hybrid type of consensus protocol as it makes use of both proof of work and proof of stake as it has been proven over time to be a efficient against popular attacks on blockchain technology examples include double spend and 51% attack.
. With veil a user has the ability to make stealth transactions
. Elastic block sizes meaning system adaptability and scalability
. Maximum supply of 300,000,000
. Block size of 2mb
Blocktime - 60 secs
Privacy protocols include - zerocoin protocol, dandelion protocol and ring confidential protocol

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