Infrastructure Data
| Identity | Details |
|---|---|
| Launch Date | January 1, 2019 |
| License | MIT License |
| Explorer | Official Network Explorer |
| Supply Cap | 300,000,000 VEIL |
The Monetary Stack
Veil utilizes a tiered system to separate network generation from daily utility and exchange liquidity.
| Coin Type | Role | Usage |
|---|---|---|
| RingCT | Network Standard | The primary layer for exchanges, light wallets, and all private transfers. |
| Basecoin | Generation Layer | The current output of PoW mining. |
| Stealth | Identity Layer | Provides masked recipient identities; accessible via the Core Wallet. |
Precision Control: The Veil Core Wallet is the exclusive hub for moving funds between these layers. Manual conversion gives users full precision over their balances and privacy timing.
Blockchain Data
| Feature | Specification |
|---|---|
| Consensus Model | Hybrid Proof-of-Work (PoW 50%) and Proof-of-Stake (PoS 50%) |
| PoW Algorithms | SHA-256D-Veil (CPU), ProgPow-Veil (GPU), RandomX-Veil (CPU) |
| PoS Staking | Secured via Light Zerocoin within the Core Wallet |
| Block Reward | 10 VEIL |
| Funding Mechanism | Monthly Superblock (Operations & Development) |
| Block Time | 60-second targets (DGW retargeting) |
| Network Routing | Dandelion Protocol for IP anonymity |
Economics and Funding Logic
The Veil protocol follows a pre-programmed schedule designed to maintain long-term network stability.
- The Reward State: The network produces a stable 10 VEIL per block. This is locked until the maximum supply of 300 million is reached.
- The Monthly Superblock: This is the project’s payout mechanism. It automates the funding of network operations, project management, and developer support once per month.
- Fair Staking: Project-held operational funds do not stake. This ensures that community stakers are never disadvantaged or diluted by the project’s own funding.
- Founder Reward Status: Successfully concluded on January 6th, 2020. The reward was terminated early by the founder to offset the 2019 exploit, protecting the 300M coin cap.
Network Performance
- Light Wallets: RingCT-only; optimized for mobile and desktop use where portability is prioritized over staking.
- Deterministic Backup: All coin types are managed and recovered via a single BIP 39/44 seed phrase.