Review on DeepOnion by Japheth Ayuba
Privacy Project powered by the Tor network
DeepOnion is a privacy coin project, just like Monero and others, the project users are given the privilege of hiding their transactions and balances from being seen or monitored by Government authority or anyone. The project is an open source project that allows every user rights to ask for new improvement in the project. The project has so far implemented new designs for it's privacy such as it's DeepSend technology that allows the sending of payments privately from random wallets. Also DeepOnion as it used the technology used to create Tor browser, the IP address of the users are never leaked. It's privacy coin Onion has a low maximum supply of 25 million coins but still trades at a low $0.1 and is available on a total number of 5 exchanges. The DeepOnion project has its own wallets which are available for Android and Windows. The coin is mineable using it's PoW and POS of which the PoW uses an X13 algorithm. I recommend this coin to anyone who wants ultimate privacy
Pros
- It's DeepSend technology allows one to carry out transaction privately by changing the address of the parties
- The coin is mineable through PoW and PoS
- Wallet is available for Android and Windows
- Uses the Tor network and so therefore has never leaked an IP address
Cons
- Transaction fees of 1% of whatever one is sending isn't conducive
- With it's low supply, the coin still doesn't have much value in the market
