DeepOnion- The future

Why DeepOnion could be the next big thing?—?Listing on OKEx

While trading on KuCoin, I learned about this cryptocurrency that actually really impressed me. The currency I am speaking of is ONION. The reason I’m writing this story is the recent listing vote on OKEx and their mass marketing campaign that quite did the trick of attracting me and made them almost win the contest. I believe DeepOnion’s (DO) remarkable marketing skills are really unparalleled in the cryptocurrency landscape. They’ve made their mark in impressive fashion by providing this many airdrops, bounties and other ways to reach out to new customers and enthusiastic technicians. At the moment DO’s team is talking with OKEx to still list ONION. With this I ask myself if this could push the project to further heights.

"Imagine a negotiating position during a tender agreement. If a competitor was able to track your financial investments by obtaining a list of your suppliers and contractors through blockchain exploration, this would provide valuable insight into your finances and undermine your negotiating position. This could lead to outbidding, corporate takeover as well as a full disclosure of all previous investments and business relations. This would be catastrophic for most businesses and probably one of the key reasons preventing BTC not being adopted by major institutions where privacy is a fundamental principle in financial operations (something that is actually mandated in numerous jurisdictions)."Technical aspect ONION

The technical aspect is not often the thing I focus on the most. I’ll uncover a few things that I like about ONION. First of all, it works through PoS and PoW mechanisms. Their mining algorithm is x13, a more secure cryptography algorithm than SHA-256. Secondly, transactions are fully anonymous as it’s Tor-integrated and almost impossibly IP-traceable. This makes it extremely hard and thus unlikely to get hacked or to have someone checking your finances. A last current feature I mention is DeepVault (which improves smart contracts). Worth the remark is the upcoming DeepSend. Take a look at the whitepaper or visit the community for more information on this topic.

An information store that is held within the blockchain meaning that the data is immutable, forever! More specifically, DeepVault allows Onion members to store file validation credentials (hashes of files) within the blockchain.?—

"We believe that privacy is an inherent right and nobody should have their identity or finances scrutinized by Government entities, Financial Authorities or any other group or individual. Our mission is to create a 100% anonymous cryptocurrency that fulfils the requirements of a modern financial world whilst ensuring that the privacy and anonymity of its users remains intact."?—?Whitepaper

Community

The ONION team realized right from the beginning that a vast and well functioning userbase and community were fundamentally important in order to become an indispensable currency like bitcoin and Ethereum are today. The community got shaped due to DO’s strong marketing skills and their initiative to create a forum for DO enthusiasts.

In my opinion this community is one of DO’s strongest characteristics. DO holds its userbase in high regard. I recently joined the community as well and I was immediately welcomed by a lot of members in my first post. After I spended some time on the forum i got to studying the whitepaper.

When I read about ‘votecentral’ I was pretty pleased. This is a voting mechanism that not only allows DO’s team to participate in voting for their future path, but also allows the long-term members of the community to join in and vote. I believe this to be one of the most important keystones. People who held 90% of their ONION during the airdrops are also considered to be founders in the votecentral program. Unlike problems with bitcoin in the past this is a way to ensure consensus in the community in a democratic way and to avoid dissent and division. Disbelievers that try to manipulate the voting are also avoided this way.

"Most importantly, DeepOnion is a community; a family with a common belief in online privacy and financial obfuscation. A core community is a critical component to the success of the DeepOnion project and we pride ourselves on the many thousands of individuals that already support and promote us in such a short space of time.."?—?whitepaper