Review on DeepOnion by Pedro O. Alvino M.
TOR technology with instant payments
DeepOnion, one of the many projects that consist of privacy under the TOR technology function, has the objective of promoting its payment and commerce services where the user has total privacy of their information and has the advantage of establishing a large amount payments on the network without these being visible by third parties in the DeepOnion chain.
Ah its beginnings in the crypto market, it had a good start, given the cryptography projects were scarce and it was one of the cryptocurrencies with an anonymous instant payment system together with the DASH project that also had a similar system However, the increase in privacy projects with greater flexibility in the network were coming out in the market causing the number of DeepOnion followers to decrease and the commercial flow of the currency will begin to decrease.
Today its position in the market is not one of the best, but it has a market capitalization that can help the project stay online and take a better course given that its services are promising.
Pros
- It has a hybrid architecture with PoS and PoW consensus protocol.
- It includes the latest TOR protocol that ensures privacy and anonymity to users on the network.
- It contains in its network one of the safest algorithms in cryptography (algorithm x13).
- Through TOR technology, it prevents tracing of DeepOnion's wallet IP address.
- Its DeepSend instant payment system prevents any third party from viewing the payments and transactions that are made on the network.
Cons
- There are already several projects based on privacy.
- Mining DeepOnion cannot be profitable due to reduced annual rewards and poor performance of the coin in the market.
- Without a stable community to support the project.
