Deeponion : A Reason to keep faith on Blockchain
Blockchain Has definitely been an important invention of Twenty first Century.To Those who is unaware of Blockchain, Blockchain is an open source Networking system.Blockchain is the world's leading software platform for digital assets.To digitalize this world blockchain has an an True Importance.
Its Providing the True Freedom over Internet.
The Main Problem of Internet is that its <>centralised. Everything Happening over internet is Controlled by One Individual or Company who controls the whole system. Their Rules and Terms are the Final no option to speak over them.
Rather than that, the whole Internet is Controlled by the Government, they have control over every single data you put in it.
Lets Give you a Quick Example.In Community people connect with People Over Whole World though Facebook or Twitter.But to Communicate with someone though Facebook, that someone will require to have facebook account too.Only then i can talk with that person.Everything i do from my private conversation to every like-comment we do are being logged in their Database.And if government ask any of those Data, they are bound to do so.They are saying we have freedom to do anything we want, but actually we are not.
Another Example of Centralism is:
Suppose @Impressive has to send money from Mars to @Deeper in Earth.To send the money they have to share the same Network or Banking system.
For first option of internet banking, the successful transfer takes place only when the both have the same company bank account, it’s not possible for two banks from two different side of world to make transection. therefore they will be needing an intermediary like PayPal or transfer wire. Even in Paypal as option, they both need to have accounts with PayPal, and 'Impresive' cannot send money to transferwise from my PayPal account, they both need to have accounts with PayPal or transferwise. Further beneficiary needs to pay. PayPal or transferwise additional commission for sending money to the beneficiary bank and generally process take like 2–3 days in all.And Paying taxes in both side is another problem for them.
But over Blockchain we can do whole Thing within Second just by replacing the whole Centralised System with the Decentralised Open Source Network.Sender will have to pay a little Network fee for whole Transection,rather than that this is completely free for them.
The Main Feature of Blockchain is Transparency.
Which also creates Certain Problems we'll talk about it later on this article.
Every Data entered on Blockchain is Open to Everyone.Once its Entered onto it can't be Deleted or Edited.Not even the One to Put the data can Modify.That's what makes it the perfect eco system for Financial Services.
Blockchain is just for Financial Needs?
No, as Mentioned above its an Software Platform for Digital assets.It has so many possibilities.here you can store your Docs and media files as digital blocks which can be used for copyright infringement. you can also Share your Opinions to this network which will be visible to everyone. Using blockchain for voting is another innovating was of Digitalizing our World.As no Corrupted Authority Can Modify any result here. True Opinions will be Shared for all,Thus Freedom can be Established though the Digitalization.
Lets put light on the Problem of transparency:
Even though Transparency is what a Client seeks from a service Provider, but total transparency causes some problem to the Client. it is for their sake. On Blockchain every transection data goes live on blockchain explorer.where who sends money to whom and how much money is sent is visible to everyone.People may ask for privacy when its about their money.But Blockchain Technology is unable to do it.So to do that you have to integrate other technology with blockchain such as TOR.Now you'll Find lots of Currency based on Blockchain.They are known as Cryptocurrencies.
Bitcoin is One of them.You may have heard of other Cryptocurrencies like Etheream,LiteCoin,Dashcoin etc.
There are more than 1500 Cryptocurrencies now.And they all have one problem Anonymity.Yes Blockchain technology is Great as Financial Service but alot of people are afraid to use this service.So Blockchain needs a cure while saving his existence.Yes integration of other Technology, more precisely Integration of TOR is the CURE.So How about Introduction of a Cryptocurrency that is Integrated with Tor providing proper Anonymity while also giving the Transparency to Users!
Deeponion!
Deeponion is an Pow/Pos Cryptocurrency integrated with Tor.This can be the Solution of people's fear over Blockchain.mLets Proceed on how Deeponion can be the Cure.but before that i'll do a short introduction of Deeponion.
- Name: DeepOnion
- Symbol : Onion
- Algorithm: x13
- Proof type: Pos/Pow
- Start Date: 06/07/2017
- MAX Supply: 25,000,000
- Exchanges: Cryptopia | KuCoin | Bisq | Nova Exchange | Next Exchange | Stock Exchange (More On the Way)
Key Features :
- Wallet for Windows, Mac, Linux and More Supporting Platforms Under Development.
- Web wallet
- Paper Wallets
- Deepvault
- Deepsend and Vote Central Comming up!
How Deeponion Works?
Deep Onion has all nodes operated over TOR. Accessing TOR happens through the edge nodes and not through the nodes of the participants. This feature protects your network from attacks and unwanted monitoring. All users are protected, and their connections cannot be intercepted or monitored by a third party. Thus You don’t need to worry about your strategic transactions getting exposed.To Simply put that, DeepOnion Onion Uses Tor Nodes for Transection.The Transection takes Place over Tor Network.When SomeONE Sends $Onion to SomeTWO blockchain will entry the Send report to their Database then Over TOR the Nodes will Tunnel the Transection as it does to any regular Data and Output will be entered onto blockchain as two Address different from actual one.And Again The Receiver of Deeponion will get the $Onion after Tunneling on Tor from different Address.They both will share a Unique Txid which will verify the Transection.Thus it Prevents its users from being exposed with their financial Data.
Why Deeponion?
If you love Blockchain but is in fear of using it then Deeponion have the Solution for YOU.Rather then That, Deeponion is making proper use of Blockchain.They Didn't Just Used it for Financial Service, They came up with Deepvault which lets People store their DOCs and media files and They're also coming up with a feature called Vote Central where Community will be the main priority and it'll be released by end of this month.Overall Deeponion makes sure the perfect use of Blockchain Technology.So this Can be called another reason to keep faith on Blockchain.
Learn More about this Project:
Web: Deeponion.org
information source:
blockchain.com | deeponion.org | bitcointalk.org