DeepOnion is a cryptocurrency that has joined a list of other privacy coins to gain traction within the tight knit community of users who value their privacy. It aims to increase the level of privacy and anonymity offered to cryptocurrency users in order to reduce the likelihood of being hacked, or attacked by other legal and illegal entities. Since all transactions made using DeepOnion are routed through the Tor network which then obfuscates the users IP address making it untraceable. Your original IP address won’t be displayed to the network because DeepOnion operates over Tor, and will end up looking something like “gfgoijtg53ojddnr5odndoin.onion”. Now as you can imagine this feature has sent pulses racing because it completely gives back a high level of privacy to its users who wish to remain anonymous.
DeepOnion has been conducting “airdrops” which is the procedure of distributing tokens by awarding them to existing holders of a particular blockchain currency. There have been debates and questions raised about the topic of these so called airdrops, as the practice has been the subject of a number of tax implications and whether they amount to income or capital gains tax. There have been a few airdrops in past since DeepOnion’s inception but after the 40th airdrop, there will be no more means of distributing their coins to existing holders of the cryptocurrency. After the final airdrop there has been much speculation as to where the price of DeepOnion could end up towards the end of 2018.
Courtesy: Deeponion Community
The problem they run into is that after the 40th airdrop how are they going to get people interested in their coins? They need as much media coverage of their coins as possible to increase their user base, and the general usage of DeepOnion itself. So the question that is on everyone’s mind is how they are going to market the coin to new investors?
Since DeepOnion is a privacy based coin, they need to promote its use for things like retaining 100% of their privacy and anonymity online. Furthermore, DeepOnion has more to offer than just privacy and anonymity. This cryptocurrency offers lightning fast confirmation times and are light years ahead of other cryptocurrencies in terms of confirmation speeds. The DeepOnion blocksize is 1.5Mb and each block contains approximately 3000 transactions. DeepOnion has one block every 48 seconds, which can handle 3000 transactions which means it can handle a maximum transaction rate of 62.5 transactions per second.
When talking about DeepOnion we can’t forget to mention the extremely low transaction fees as well. The reason why cryptocurrencies have become so popular lately is because of the low fees the incur. If we take a look at bitcoin and compare it next to DeepOnion, we’ll notice that bitcoin’s fee’s have jumped to approximately $23, not to mention Monero’s fees that cost $6. Whereas DeepOnions fees are only $0.004
DeepOnion have plenty of marketable material to work with in order to get themselves out there, it’s just a question of how they use it and whether enough people will see how beneficial this particular cryptocurrency will be in the future.
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