In the last few years, we have seen an impressive rise of the cryptocurrency. With Bitcoin at the forefront, it is quite astounding how similar cryptocurrencies are seeing the same surge in use and popularity in recent years. In fact, with more and more people being displeased with the way the traditional banking systems work, many are seeing the future of money on digital currency.
There are numerous reasons why people are gearing towards cryptocurrencies, and they considered an economy that is expected to gain dominance in the future. Unlike the present currencies that the rest of the word is using, cryptocurrencies are not regulated. This means that central banking systems and governments do not have the power to control your finances.
I believe it is the anonymity and security that has made cryptocurrencies a desirable option for a lot of people.
This is why I highly recommend Deep Onion, this new anonymous cryptocurrency can guard your privacy and it is natively integrated with the TOR network. A currency where the personal, financial, and other essential transactional details of the person sending or receiving will be protected is something that the increasingly invasive modern world seems to need.
One must consider how, when performing banking transactions, it is required of people to give out personal details and other sensitive information to verify the legitimacy of a transaction. Banks, merchants, as well as other related intermediaries that handle these transactions are continually doing what they can to put in place security measures to better improve customer experience. But, it is a fact that fraud and identity theft have since remained huge issues today. It is also a fact that banking transactions are at the mercy of the prying eyes of both the bank and the government. A lot of people feel that this is an invasion of their privacy and many are looking for ways that they can reduce, if not entirely eradicate such surveillance and interference.
The manner in which cryptocurrencies are mined and then used has had many eyes focused on it. It holds a lot of promise especially for people that value anonymity and security. However, Bitcoin, the one that started it all, is fast becoming mainstream. As a result, there are a lot of people that feel that cloaking their transactions in anonymity may no longer be as easy as it used to. What used to be a cryptocurrency that is not regulated and which use is not monitored seems to be experiencing some issues concerning total anonymity nowadays as many have reported accounts of instances where interference happened.
Today, DeepOnion is a cryptocurrency that will genuinely promote anonymity for its users. Bitcoin is now increasingly considered as pseudo-anonymous. It is still more secure than the currencies in the traditional banking system, but transactions seem to be increasingly scrutinized. Considering the disdain that many people feel the prying eyes that banks and the government systems have on the public’s financial affairs, many are looking to cryptocurrency for answers. The best way for digital currency to retain its relevance and to gain massive recognition and use would be to strengthen its policies pertaining to privacy and overall anonymity.