Haven been in the cryptocurrency world for a while now, i must admit that this times have been the most exciting of my entire life. Learning about bitcoin, blockchain and other alternative coins has be amazing. The feeling of having to be part of something big and make history has been awesome so far. However, numerous coin projects that exist are uncalled for and posses as avenue to sweep away investors funds into their pocket while the developers disapear over time. Some of these project appears to be a joke, from the objectives to the actual essense. Their road map leads no where and they have no special features to give their project some value and attention.
Deeponion is an exciting project because of the features availlable and on the roadmap of the project. A unique cryptocurrency using both Proof of Stake and Proof of Work.
1- Totally Anonymous
Bitcoin been the pioneer and model to many cryptocurrency has its flaws. The easy lookup of transactions on blockchain and you easily see where the transaction originates from and the value or amount of bitcoin in the orginating wallet is a major setback to bitcoin. These amongst many other reason is responsible for bitcoin to still be struggling to properly enter into main stream and been accepted and used by many major multinational companies. Individually, it is consider as totally inapprioprate for a person to know the amount of money a person has just by transacting with them. This makes people vunurable to various forms of theft and robbery. This flaws gives hackers an edge to steal peoples bitcoins since they can know how much coins is in a wallet after receiving coins from them. Since the wallets serves as nodes, the location of each nodes is easily known through looking up the ip.
This flaw is completely solved by Deeponion. The connection in Deeponion is secure because accessing the internet via Tor network. The Deeponion network is completely intergrated into the Tor network which makes transactions anonymous end to end. When a Deeponion wallet is connected to the Tor network, the IP of the user is scambled (showing like this jhujsbidiknkkjuh.onion) thereby making it impossible for your location to be know.
2- Faster Transaction Confirmation/ Low Transaction Fee
It is no longer a new issue that the confirmation of transactions is very slow with bitcoin and even etherum recently. During peak periods transactions for bitcoins could take up to a couple of days which is frustrating to many people who wishes to smart transactions on a timely fashion. Also the transaction fee are total discouraging and numerous times the transaction fee equals the amount to be sent or even more. However this problem is not associated with deeponion because transactions are confirmed on time and the transaction fee is as low as 0.001 onion.
3- Innovative Features. Deepvault, VoteCentral
The deeponion project encompasses various novel features which has greatly given an edge to the coin over its competitors.
Amongst these features is DeepVault. This service enable users to add a document hash to the deeponion blockchain. DeepVault provides the maximum level of file integrity by joining two key functions: A cryptographic hash representation of any file that will be permanetly stored on the deeponion blockchain and the verification of a files integrity with deeponion blockchain at any time. A little fee (fractions of an onion) is required to use this feature
VoteCentral is a feature of deeponion that allows members of the deeponion community to vote for any given activity or feature for the further development of the coin. This feature gives deeponion members authority to decision making for the future of the coin.
DeepSend is another feature of deeponion that provides for further anonymity.
4- Continuous Developmental Improvement.
The Deeponion developers have assured and they continue to continually improve the development of the community and coin. Plans and developments are currently on going to make available a mobile wallet for Andriod and iOS users.
5- Smart Contract
The unique aspect of this feature is that the smart contracts of projects to come under the deeponion network in the future will be totally anonymous to the public. The need for this arises when smart contracts of other coin projects were been hacked. This provides for further security to projects under deeponion blockchain.
6- Active Community
The deeponion community is a exciting one to be in. Various activities including onion giveaways, contest, etc have made the community exciting and rewarding.
Visit:
https://deeponion.org/
Community:
https://deeponion.org/community
