Topic: THE HYBRID CONSENSUS MECHANISM OF VEIL (Read 117 times)

The VEIL project was very hot in its early days, but it has been cooled down more significantly when the coin switch from purely PoW to hybrid of PoW and PoS. Being listed on coinmarketcap might help VEIL project to catch more eyeballs and attention of investors.
Link to the post with so many helpful sources on VEIL project: https://bitcointalksearch.org/topic/m.47686270
Some updated statistics on VEIL:

• Price: 0.282033 USD
• Marketcap: $4.88M
• Zerocoin supply: 12,368,910

Source: https://veil-project.com/specs/

The consensus system is one of the factors that propel the success of every crypto project. In its case, Veil Technology, in its bid to bring revolution and full-scale privacy to crypto coins, opted for a hybrid consensus mechanism.

Aside from the impressive features it promises to bring onboard, VEIL Technology, by virtue of its name, “VEIL” hints on the project’s quest to alter the current privacy options in digital assets. To enhance the privacy focus of cryptocurrencies, Veil Technologies combines relevant privacy technologies that will make crypto coins truly private.

Featuring the productive Proof-of-Stake (PoS) and Proof-of-Work (PoW) consensus mechanisms, the project aims at providing full-scale security and boosting mining activities on its network. The PoS consensus, in particular, triggers a reward mechanism that tips participants with the Veil coin after staking in the mining pool. On its part, the PoW consensus mechanism makes use of the ASIC-Resistant X16RT hashing algorithm to secure the platform. It also ensures an even distribution of coins.

VEIL on Coin Market Cap

If I were you, I will like to make more research about this project and key into it this is one of its kind so far in the history of cryptocurrency projects, in fact, the price of the coin has been growing since it got listed on the coin market cap.

For more information about the VEIL Platform, please visit:

WEBSITE: https://veil-project.com/

ANN THREAD: https://bitcointalksearch.org/topic/ann-pow-pos-veil-privacy-without-compromise-5065331

TWITTER: https://twitter.com/projectveil

FACEBOOK: https://www.facebook.com/projectveil/