Is VeraCrypt the new TrueCrypt?

TrueCrypt, in it's prime was one of the leading software encryption applications on the market. It offers countless encryption algorithms and features that granted full security, privacy and peace of mind to it's users for nearly a decade.

Unfortunately, over the past few years, following several scandals involving privacy, surveillance, NSA spying etc have brought much distrust to the TrueCrypt brand, which had unknowingly been compromised. This incident put an abrupt end to it's long-standing reputation as the 'unbreakable encryption software.' After some bad publicity, patching, penetration testing and re-branding TrueCrypt continues to live on in spirit through it's predecessor, VeraCrypt.

VeraCrypt offers the same familiar user interface and features that former TrueCrypt users have grown accustomed to, which was a nice touch. Additionally, it's been streamlined to include several new hashing algorithms and encryption techniques that's definitely won my vote of confidence.