Review on Veil by Pedro O. Alvino M.
Coded network for self-financing
Project that focuses on providing developers with the necessary tools to be able to benefit within the Veil network, according to the architecture of the Veil network it is encoded with self-financing for the development of projects and other types of research, given this , has a user-centered mechanism thanks to its privacy functions.
Combined with the Bitcoin software and the Zerocoin protocol, the Veil technology is composed, in addition to mentioning the implementation of the RingCT, coming from the Particl project, however, according to the data of the route map, this function has not yet been integrated that aims to improve the deficiencies of Zerocoin's privacy protocol, in addition the low attention by the cryptographic community to this project is notable, this due to the large number of cryptographic projects focused on privacy and financing towards developers.
Pros
- Its development team has a good track record in the field of crypto-privacy
- Your network has a hard-coded self-financing architecture.
- Integrates two consensus algorithms, proof of stake and proof of work
- The coin does not have an ICO or premine
- Privacy based on the Zerocoin protocol, with soon implementation of RingCT.
Cons
- It has very low popularity in the market.
- There is still no estimated date for the integration of RingCT technology, since its implementation date has already passed.
- There are already a large number of privacy projects.
