DeepOnion Coin – Security and anonymous transactions

The DeepOnion Coin combines the technologies of the crypto currencies with those of the TOR network and thus offers absolute security and anonymity.

DeepOnion Coin – What is this Bitcoin code?

The DeepOnion crypto currency is an important Bitcoin code scam that is sent via the TOR network. TOR itself is based on the idea of “Onion Routing” and means “The Onion Router”. TOR encrypts data traffic so that you can browse the Internet, send messages or use P2P almost completely anonymously. With the help of the wallet, the Deep Onion Coin, also called ONION for short, can be sent over the TOR network. The development began because Bitcoin could not satisfy the growing security needs of the developers. What’s more, it’s no longer safe for them to carry out transactions with Bitcoins, this crypto currency isn’t really “crypto” anymore.

Another special feature of the DeepOnion development is that two algorithms are used to create new blocks. First, the common proof-of-work algorithm is used. Bitcoin also uses this algorithm, but in the future it could lead to problems with the scaling and speed of the blockchain. Therefore, the blockchain of the coin slowly changes to the proof-of-stake method. Here the holding and freezing of the coins on the DeepOnion Wallet is important and leads to this. At regular intervals, you also receive a few coins as a reward by holding them. There should be a maximum of 25 million Deep/Onion Coins. This number should be reached at the current speed of 2027. 18 million of these coins have already been mined by the developers so that they could be sent to the users as free “Airdrops”. In this Deep Onion differs from other crypto currencies, which mostly started with a big advertised Initial Coin Offering. However, this did not put a damper on the DeepOnion Coin price.

The ONION Coin development is far from finished, the roadmap is long. However, the developers have already set themselves some goals for 2018. In this respect, the forecast does not look so bad at all.

DeepOnion – Who is behind the Bitcoin revolution?

In the sense of the Bitcoin revolution review, the team behind the coin prefers to remain anonymous. However, the team still seems to be striving for active development and to talk transparently about its work. On Bitcointalk there is a lively exchange between the team and the community. On the official website it can be seen that the team consists of veterans and experts around social media, search engine specialists and blockchain developers.

Coin transactions are masked with a multi-layer protocol (hence the original name of the network as an onion). This makes it difficult to trace the transactions. With the DeepSend option, the wallet enables you to conceal the transactions even further. Behind this is a complicated procedure and costs a few additional fees. Thanks to “Zero-Knowledge Proofs”, the recipient still knows that the transaction is the right one and that everything has been done correctly. Another feature of the crypto currency is the DeepVault, a data memory based on the blockchain. Here, too, the team takes cryptography to heart; the data in the DeepVault should be secure and encrypted against unauthorized access. DeepOnion Vote Central is a platform that enables confirmed holders of a DeepOnion Coin Wallet to participate in democratic decisions regarding the crypto currency. Vote Central is to be implemented in the first quarter of 2018.