Veil is creating an encrypted equivalent of the cash economy.
- What is Veil?
Veil is a cryptocurrency project working to facilitate the shift from physical to digital cash economies, making privacy the most convenient choice through both cutting-edge technology and a quality user experience. Fair distribution and broad decentralization are supported through a hybrid Proof-of-Stake and Proof-of-Work consensus system, including support for the RandomX and ProgPoW mining algorithms. Through RingCT, stealth addresses, Dandelion, and compulsory privacy, Veil provides coin fungibility and privacy.
- How was Veil launched?
The Veil Project was conceived in early 2018. The motivation for the project was recognition of the need for a currency that provided full-time privacy without compromising strength of anonymity.
The team was seed funded by excess of one million USD.
The project’s mainnet was launched in January of 2019 with no premine.
- Who is the team behind Veil?
Veil was introduced by James Burden, a recognized industry expert in crypto-privacy and holding a track record of founding and leading successful cryptocurrency projects like PIVX.
The team is formed by leading blockchain developers, cryptographers, mathematicions, user experience experts and operations personnel.