Most people have had different reactions to the legitimacy of new cryptocurrencies that seem to take the world by storm. Even the leading cryptocurrencies such as Bitcoin and Ethereum suffered the same fate under the eyes of the public before many took advantage of the investment opportunity.
The same happens when a new product enters the market and it is normal for potential customers to have different perceptions about how they can benefit from the product. Some individuals will be influenced by a negative mindset in thinking that it is a fraud. But is it? What makes you so sure?
DeepOnion carved its place in the world of cryptocurrencies, setting forth clear mission and goals for their community. Just like the early stages of Bitcoin, DeepOnion has suffered criticism from the public about being a scam project. One may be thinking of investing on a cryptocurrency but they are not sure as to whether the coin is legit.
Never be fooled unless you have proof that a cryptocurrency is a scam. Most people never learned a lesson about investors who took advantage of Bitcoin during the early stages. Perhaps they may never realize what DeepOnion has to offer them as well. Before we go into many details, let's understand why DeepOnion came into existence in the first place.
What is DeepOnion?
DeepOnion was founded on the principle of providing ultimate privacy and anonymity for cryptocurrency users. It does so by incorporating anonymity-centric networking protocols and industry-leading cryptography. DeepOnion anonymous cryptocurrency strives to become a premier privacy-centric altcoin by introducing novel blockchain technologies.
They hold onto the belief that privacy is an inherent right and the finances or identity of persons need not be scrutinized by financial authorities, government entities or any other group. DeepOnion seeks to address the weaknesses of Bitcoin and other existing cryptocurrencies through its novel blockchain technologies. It will provide a currency that is not only safe and secure but also allows faster transactions.
Is DeepOnion A Scam Or A Goldmine?
A lot of stir was created in the community ever since the DeepOnion was incorporated in the world of cryptocurrencies. It is no longer a secret that cryptocurrencies are growing much faster than forecasted. Bitcoin is currently holding its place despite having entered the market unceremoniously.
It came as a surprise when several businesses started adopting Bitcoin as a payment method after becoming so popular. DeepOnion seems to be experiencing the same fate at an early stage since inception and it takes time for any new product to be accepted until people realize it too late. So, is it a scam or legit?
Unlike a physical product, DeepOnion is an investment opportunity that can provide massive future returns if you start early. There are many ways to prove to you that DeepOnion is legit and comes disguised as a hidden goldmine. Like any other cryptocurrencies, DeepOnion goes up when the market rises and also goes down with all cryptocurrencies when the market value decreases.
Crypto-investors might expect to witness several tipping points in the near future by looking at the surge in popularity and the emerging trends of the crypto market. A tipping point is an event where the value of a crypto coin surpasses another in terms of capitalization. This is usually driven by popularity and acceptability of the cryptocurrency by the community.
It is normal for people to develop a negative attitude towards a particular cryptocurrency just because they lack knowledge about why it came into existence and what it seeks to accomplish with time. To rule out the argument against DeepOnion, we are going to highlight the reasons why it is legit and why you should take early advantage of this investment opportunity.
The roadmap of DeepOnion offers a high-level overview of upcoming features and the estimated period for implementation. DeepOnion has developed contingency plans that will provide mitigation and take the necessary actions possible. So, why is it a goldmine?
1) DeepOnion cares about users' privacy and anonymity
Although Bitcoin still stands as the dominant coin in the crypto-world, it still possesses inherent flaws in regards to the privacy and anonymity it gives its users. With BTC, an exchange is able to determine the amount in your wallet and your transaction activity.
It is so unsecure for users to learn that their statement and identity can be presented to government bodies and law enforcement agencies. DeepOnion operates on "The Onion Route" network which makes it difficult to ascertain a user's identity without compromising a huge segment of the TOR network.
This means that the geographical location of a DeepOnion user cannot be determined easily. Bitcoin does not encrypt its traffic while DeepOnion provides multiple level security through the adoption of industry-leading standards from the field of network security and cryptography.
2) It promotes a fair distribution
Any new cryptocurrency that seeks mainstream adoption needs to provide its users with a fair distribution. DeepOnion offers an additional bounty program and a free airdrop to meet this requirement. The coin is held on the basis of trust given by owners to the distribution model with the 40 week airdrop period.
They then wait to maximize their accumulation after its completion. Those who are prepared to hold are provided further rewards by the PoS. New users are given ample opportunity for participation in the longevity of the campaign.
This increases the number of members who hold ONION within the community. A tapered emission of airdrop distribution ensures that the number of airdropped coins increases as the number of participants keep growing.
3) It is community-centered
The strength of DeepOnion is derived from the reputation and support of its massive community network. Many other cryptocurrencies have fallen short of the mainstream adoption as a result of lackluster promotion and a small user base.
DeepOnion promotes the aspect of socialization by introducing a voting platform that ensures users help shape the future of the DeepOnion project. This is made possible by their supporting technologies and a plethora of social media outlets. The heart of DeepOnion community lies in their official forum at https://deeponion.org. They are also prominent in other platforms such as YouTube, Twitter, Reddit and much more.
DeepOnion utilizes a powerful strategy that has been extremely useful to date. Over the past 6 months, the official forums have experienced exceptional growth. You can also learn more about DeepOnion by participating in these forums. Feel free to ask any questions as they always have an excellent and friendly community.
4) It has a reliable network model
The network of DeepOnion operates over the TOR network. This means that it provides an anonymous method of transaction that is highly secure. DeepOnion users use TOR addresses for communication e.g. bb3ebyhgfkj3jzfd.onion.
The self-authentication ONION addresses mean that the address itself is a cryptographic proof of the identity of the service. This reduces the likelihood of the addresses being spoofed by attackers. There are numerous security benefits provided to DeepOnion users by integrating the TOR into the stack of DeepOnion technology.
5) It has an impressive blockchain scalability
It is essential to be knowledgeable of the throughput concept since a blockchain is a continuous ledger of every transaction that has been carried out. The maximum throughput of Bitcoin and Ethereum are 4 and 7 transactions per second respectively. The primary source of this limitation is their block time and block size.
It is one of the factors that lead to longer durations of performing BTC transactions. This is a fundamental flaw in a payment system that should be supposedly instant. This situation has been improved by DeepOnion through the incorporation of larger block sizes, PoS, and rapid block times. It provides a theoretical throughput of 62.5 transactions per second, incredibly amazing!
It has an average transaction size of about 500 bytes. Since the block size of DeepOnion is 1.5 MB, it means that around 3000 transactions can be held by each block. DeepOnion also boasts a theoretical combined block time of about 48 seconds.
6) It conforms to the trends of a cryptocurrency
DeepOnion also experiences the trends and fluctuations affecting other cryptocurrencies. Bitcoin and other leading cryptocurrencies such as Ethereum suffered a short plunge in January, spreading the effect down the chain. DeepOnion also encountered a similar fate and early investors took advantage of the price fluctuation in the crypto-market to become a member of DeepOnion. Why? Just like most other cryptocurrencies, the value of DeepOnion decreases when the market goes down and increases when the market goes up. The major advantage is that it comes back much stronger than before.
DeepOnion will never experience a technological death as it stands today. It incorporates adamant current core developments that maintain the network running for the community. DeepOnion is yet to dominate the crypto-world over a short time basing our perception from its current holdings and massive community.
It has gotten several upgrades and still seeks to incorporate innovative blockchain technologies that will take the world by storm. I do not see many reasons to fiddle with DeepOnion as it is running well, and it has been well-tested to meet the crypto-standards. Visit the DeepOnion community today at www.DeepOnion.org.
