Veil Cash Protocol
Last updated
Last updated
Veil Cash changelog with latest features can be found
Veil Cash is a non-custodial privacy protocol deployed on the Base Layer 2 (L2) blockchain. It leverages zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge) to enable users to achieve on-chain privacy and anonymity within trusted pools.
Users can deposit fixed amounts of ETH into designated pools. These pools are categorised into public and verified pools, each with specific deposit amounts.
Access to certain pools is restricted to verified users Access to verified user pools is granted to individuals who have completed via the Ethereum Attestation Service (EAS). This process links a self-custodial wallet to a verified Coinbase account, ensuring that the wallet belongs to a legitimate and verified user.
After depositing into a pool, users can withdraw their funds to a different address, breaking the on-chain link between the deposit and withdrawal addresses. This process is facilitated by zk-SNARKs, which provide cryptographic proof of ownership without revealing identities.
To use the protocol, users are required to hold a certain amount of tokens.
Veil.Cash is experimental software. Use it at your own risk, as the creators are not liable for any losses, damages, or legal issues that may arise. Ensure compliance with your local laws and understand the risks before interacting with the protocol.
