The Bitcoin monopoly in the cryptocurrency market could have reached its end. From now on, the undisputed protagonist of digital coins, will have to contend with DeepOnion Coins, which could steal the scene from the beginning of the year 2018.
In the past two months, the DeepOnion coin has recorded a dizzying growth performance: + 350% . But what exactly is DeepOnion? And what is different from the Bitcoin rival?
If we have heard little talk about the DeepOnion so far, it is because its origins are relatively recent. The cryptocurrency has in fact only two months of life against the eight year of the rival Bitcoin.
Both Bitcoin and Deeponions are defined as cryptocurrencies, as they can only and exclusively be bought and sold on the web. Both are outside the supervision of central banks and other national institutions that control the foreign exchange market. Even the technology on which DeepOnion coin is based is substantially the same as its rival, that of the blockchain, that is a communication protocol that identifies a technology based on the logic of the "distributed database", which is not physically located only on a server (computer) , but instead it is on multiple computers at the same time.
So why is DeepOnion a threat to Bitcoin's supremacy?
Well, let's start with the most important feature of DeepOnions: anonymosity! Deeponion runs on the TOR netword (the deepweb, that is), wich makes every wallet, transactions and coin literally 100% anonymous and untraceable.
Last but not least: lower fees for transactions; deeponion fees are significantly lower than those of Bitcoins. The DeepVault and DeepSend features that are new technology based on the blockchain use and that are only found on the DeepOnion blockchain.
Well, let's see what the market will hold for those 2 coins, and remember: this is not a financial advise, i am not a financial adviser, invest at your own risk.
