Veil Comparison with renowed Privacy coins on the market!

[cryptoaddictchie]

We know that there's a lot of privacy coins out there and it's quite difficult to conclude which one has better sync to strictly implement a full privacy on the transactions. Of course there are pros and cons of each one of it. Some are faster when it comes to speed, some have huge transaction fee, and some have features that really make them stand out among the rest. Let me share with you some of the famous privacy coin and their best use case that can offer the community.

Now I will present three famous privacy coins and lastly how veil can caught up with these big projects.

First is Monero, everyone know that Monero is a great project no doubt about that and considered as the most private cryptocurrency up-to-date. Every transactions held on their network are all private. But their platform have an exception or an ability to let someone else see the transaction you send. Cool right? Still have option. The verdict here is their speed of transaction is not one of the fastest amongst privacy coins out there and they have a huge fee which also a burden. But they keep improving every flaws. As they introduced the bulletproofs which tendency is too lower the size of the transaction by 80% that resulted to lower fees. But all in all, Monero still one of the best privacy coin out there employing RingCT tech.

Next to it, is the Zcash, which I think is more suitable for being a renowed privacy coin. Since they are the only cryptocurrency that hides transaction amount and details. But the problem here is they are slow in generating these private transactions on their network usig their own privacy tech zk-SNARKs.

Thirdly is the PIVX blockchain. It is just a recent project, but already make their way on top of other new projects. PIVX is still on its early phase but they already employed the best privacy use case and usability. The speed of transaction is fast having low fees and using Zerocoin technology to fully implement the privacy in certain transactions.

There are still many on the list but these three are topnotcher privacy coins. Now, going to the mainframe of the comparison. I will now introduced a newly born project which has similiarities with all those project mentioned aboved but with a much improved aspect of being a true privacy coin.

Veil is just a new project but I can say that they gained much traction on thr community as they launch their platform with a blast. How can I say this? I just knew veil 3 weeks ago, and I must say the team is great and working hard on keeping the tabs of veil arounf every corner of the cryptospace. Without further ado, based on the summarize features of monero, zcash and pivx. Veil also can compete with these projects. First, veil is developed through hybrid blockchain, using POW and POS implementation to offers a mining and staking platform which is clearly a unique compared to those three. Veil also combined the RingCT and zerocoin technology to keep the privacy on the go just like PIVX. But of course there are still flaws that they are encounter and this is normal. Anyways I can just say they are just started and like monero and zcash, the veil labs (veil strategiests) working hard to implement and test some features of veil that can be of great use on the future.

Im proud to bump with #Veil if you interested just visit their website.

https://veil-project.com

[Judge-Dredd]

This sounds promising. Maybe throw some more resource links in the post for people?

[Chmel]

it is try to attempt pump coin? nice try, but i dont think so that there u can found big investors. 

[Awesomus Maximus]

I think this project has a great potential, especially considering the team members. Many of them have experience working with other privacy coins, such as PIVX for example. This could mean that they have new ideas and they will try to implement them as new features regarding privacy, ideas that are not presently implement in the other coins of this type. It would be interesting to follow their development in the future. From what I can see, they have allocated funds for development and marketing, and they are already in the first 500 coins by marketcap.

[Pffrt]

There's another hybrid privacy coin mix of PoS and PoW namely DeepOnion.However, DeepOnion only provides anonymity for receiving ONION through stealth addresss. They are planning to implement DeepSend which is another way of being anonymous, with DeepSend, people can send untraceable transactions too. So, basically I would support DeepOnion project because of their promising development.
However, I am thinking of having a look in veil since a lot of users are shilling for it.

[Jpti]

There are many coins in the market, which claim they will provide much privacy, but often not in reality. But in case of Veil coin, I am quite impressed by its team, technology and its goals. The face that the project according to it did not launch any ICO to raise funds has made me fall in love with it. This shows how much the team is determined to implement its goals in a real manner. Good luck to the project. 

[jubilarian]

I have knew Veil some weeks ago and researched about it. They didn't launch ICO but now they launched Veil wallet, listed on some exchanges. In addition, we can stake or mining. I don't shill it but its price reached 4x, with low cap and low supply, I think it will do well.

[Pffrt]

There are many coins in the market, which claim they will provide much privacy, but often not in reality. But in case of Veil coin, I am quite impressed by its team, technology and its goals. The face that the project according to it did not launch any ICO to raise funds has made me fall in love with it. This shows how much the team is determined to implement its goals in a real manner. Good luck to the project. 

How much you are getting paid for shilling here? New tactic taken by the veil team. Loved it. I hate this kind of project just because of the paid shil you know.

[asriloni]

There's another hybrid privacy coin mix of PoS and PoW namely DeepOnion.However, DeepOnion only provides anonymity for receiving ONION through stealth addresss. They are planning to implement DeepSend which is another way of being anonymous, with DeepSend, people can send untraceable transactions too. So, basically I would support DeepOnion project because of their promising development.
However, I am thinking of having a look in veil since a lot of users are shilling for it.

Deeponion is a coin with a lot of bullshit promises. I remember when so many people have trusted it. But it has been destroyed and look at about how deeponion coin was dying. You must take a look on veil it was created by founder of pivx.

[carter34]

I have seen many coins with such hype at the time of start but they have not sustained that same buzz created. We just have to be careful to choose a coin with better technology, support and use.

[@baoli]

I have gone through their white paper and the project seems very good. To add its a privacy coin which really depicts crypting in main form. I have also know most of them that are privacy coin do well like PiVX and DeepOnion (although some say its risky). Good a thing is that its already listed but looking at the exchanges, they are low graded exchanges but considering the fact Veil didn't go through ICO is not bad for a start. I hope the team work hard to get the recognition they need and get listed on top exchanges and the sky will be the limited.  

[Bttzed03]

..... but i dont think so that there u can found big investors. 

Have you browsed the Veil website before coming up with such statement?
You must be so good that you know a lot how big investors think

Why not check some of the guys that supports Veil.

[naska21]

snip

As to the privacy.. there is no more private coin  on earth than blackbyte of Obyte ( former Gbyte)...u've forgot to mention it..  and in all cases, including Veil,  the success depends on three things: usability, adoption and trust.  To stay objective, Veil is too young to get both trust and adoption, usability has not, as yet, proved equal to the challenge.

[Pffrt]

There's another hybrid privacy coin mix of PoS and PoW namely DeepOnion.However, DeepOnion only provides anonymity for receiving ONION through stealth addresss. They are planning to implement DeepSend which is another way of being anonymous, with DeepSend, people can send untraceable transactions too. So, basically I would support DeepOnion project because of their promising development.
However, I am thinking of having a look in veil since a lot of users are shilling for it.

Deeponion is a coin with a lot of bullshit promises. I remember when so many people have trusted it. But it has been destroyed and look at about how deeponion coin was dying. You must take a look on veil it was created by founder of pivx.

I think you are not up to date with DeepOnion anymore. I have barely seen such active developer. For your info, I have heavily invested in DeepOnion and made some quite profit from it. However, I would like to invite you to have a visit- www.deeponion.org/community

[novusordo]

Security and Privacy is one aspect of cryptocurrency that should be encouraged. It's the building block of bitcoin and why we are here in the first place. Of what use is cryptocurrency If transactions made through it are not secure and stealth

[rijaljun]

I think privacy is needed but totally unable to track their transactions makes them just like a centralized bank system. Bitcoin also has its privacy but we still be able to track each transaction so that money laundering will be less exist.

Looking to those coins / tokens you noticed, I don't think they are different in terms of privacy. But, if you ask me to choose one, then I would love to choose the one with the fastest transaction speed and the hardest marketing efforts.

[fudster]

I also find Veil to have a good chance but it may struggle for adoption like what the rest are suffering, Xspec was one that I have been looking forward too but weren't making much progress for usage unlike monero when there are people actively using the coin for  product exchange.