What is Deeponion(ONION) coin cryptocurrency? DeepOnion Explained FAST
So did you want to know what exactly is DeepOnion (with cryptocurrency exchange market ticker symbol ONION) coin? This is the place to learn swiftly. I too was wondering about this cryptocoin. I started hearing other people who are active in the cryptocurrency space bring it up and saying how they were investing in it. I thought well I need to learn more about this one. So without further ado here it comes!
So first what exactly is it and what are the features?
Well Deeponion is cryptocurrency or alternative coin that is like bitcoin but has several upgrades and enhancements to line up with the TOR network. Deeponion is the blockchain that it is generated on and kept track of with. You may also wonder about the TOR network. Well to give you a brief summary it is an online alternative internet network that promotes anonymity, invisibility and intracable web activity for it’s users. This is excellent for someone who doesn’t want their online activities to be tracked or spied on by big networks or governments.
The deeponion coin like it’s network also features a lot of the same features . These include untraceable payments. So if you send a payment to someone or vice versa they can’t track be traced back to them or you.
It will also support highly secure transactions with one of the most secure digital wallets available. It is specifically designed to keep your identity safe from government or prying eyes.
This cryptocurrency will also allow for instant payments. No more long waiting times to get your spendable coin. This is a common issue with most major cryptocoins like bitcoin that can take several minutes or hours depending on how complex the transaction is. This works both when sending and receiving onion coins.
|Deeponion coins hopes to make blockchain privacy top priority|
How does Deeponion it work?
It primarily works by taking 2 concepts which are proof of stake and proof of work and making them work together to create the onion coins. This again is all conducted on the TOR network. The coins are mostly premined.
Where can you get onion coins?
There are actually several ways to obtain it. There are free airdrops where users who complete certain task on the deeponion network receive them automatically. You will want to go to the deeponion website to learn more about this. Keep in mind you will need a Bitcoin Talk account (BCT) in order to start to collect onions in this manner, through VIP domination, or bounties. Again all of this is explained on the main site.
You can also go to cryptocoin exchanges to get them directly. Exchanges that currently trade this are Bisq,Trad Satoshi,Cryptopiamarket, kucoin, and there are several more. So if you have the money you can go invest in it pure and simple. The price as of jan 20th 218 was a 11.23 and the price back in dec 21 2017 was 3.19 so there is definitely growth potential.
So what is Deeponion coin ?
It is an altcoin that is all about invisibility, untracable payments, fast payment confirmations and the protection of privacy of it’s users. If you believe in this then this coin could just be the one for you.