Review on DeepOnion by Inioluwa Okedeji
DeepOnion: A Community Driven Cryptocurrency Backed Up By The Hybrid Algorithm
DeepOnion (ONION) is an anonymous decentralized digital currency that's open sourced and also community based.
Since it's establishment in 2017, this platform has continued to reinforce the privacy of users and enhance their everyday usage.
ONION is built on a unique underlying algorithm, the hybrid (POS and POW) to safeguard the platform and enhance the users experience on the network.
DeepOnion platform keeps transactions are private and untraceable with the DeepSend feature on the network.
It also ensures the verification and registration of data collection in the platform's blockchain network with the DeepVault feature.
DeepOnion also features a project that allows the community to participate and vote in fairness and unbiasedness, this is the VoteCentral.
I believe that the anonymity of this project and the fact that it is a community driven one will go a long way in making it a successful project.
Pros
- ONION the native currency of DeepOnion platform can be mined.
- The platform is supported by the Tor network.
- Transaction fees are low and affordable.
- It is based on the hybrid algorithm
Cons
- The ONION coin volume is still low, considering the fact that it is still an unpopular project.
- It is currently listed on few cryptocurrency exchanges.
