This article will focus on the novel blockchain technologies that DeepOnion is implementing into its cryptocurrency. DeepOnion is implementing these steps in order to accommodate the ever changing demands within the cryptosphere and also to go beyond the current efforts of improving both anonymity and privacy. DeepOnion has actually been cloned from Supercoin, which is known for its anonymity and stealth transactions. This gives DeepOnion a good base from which to build and improve upon.
Let’s take a closer look at some of the innovative blockchain technologies that are to be implemented on the DeepOnion platform.
TOR
TOR is actually the second-generation Onion routing system which has addressed the limitations of the original design by including a number of useful features, including: integrity checking, perfect forward secrecy and congestion control amongst others. It functions on the real-world internet and does not need any special privileges. It is described as being the best mix of usability, anonymity and efficiency.
The TOR network provides the best platform from which to base an anonymous cryptocurrency on. Users should note that every single connection from their DeepOnion wallets is made using the TOR network. Your public IP address is never exposed!
DeepSend
DeepSend offers further security by obfuscating transaction traces within the DeepOnion blockchain. This furthers the privacy and anonymity aspect offered by the TOR network.
DeepSend is multi faceted, comprising of three core technologies including:
• Zero Knowledge – as used by ZCash
• Coin Join – as used by Dash
• Ring Signatures – as used by Monero
DeepVault
DeepVault is an ingenious concept that can be thought of as an extension of smart contracts. It is a fixed store of information within the DeepOnion blockchain. DeepOnion users are able to store hashes of files within the blockchain, which can be used in the future to verify a file’s integrity. (changes to the hashes of files would imply alterations or corruption of the data). The perfect use example would be legal documents, which could easily be verified using this innovative blockchain technology.
DeepVault provides another layer of security within the DeepOnion interface.
Mobile Wallet
The DeepOnion team is planning an Android based mobile wallet in the early part of 2018. It is thought that the mobile wallet experience will be similar in functionality to that of the desktop wallet and will of course use the TOR network, which will protect your identity when you’re out and about. The DeepVault technology will protect both your documents and photos stored on your phone. DeepOnion plan to bring the mobile wallet to Apple devices in due time.
VoteCentral
VoteCentral is essentially a technology that will allow users of the DeepOnion platform to vote on future proposals of the DeepOnion project. This will provide a kind of democratic voting process, with the added benefits of blockchain technology to prevent voting fraud. Users can suggest new ideas or directions directly through VoteCentral, which will then be evaluated by the DeepOnion development team, airdrop founders and holders of ONION who meet the minimum balance required.
VoteCentral will allow all DeepOnion members to play a pivotal role in determining the future of the DeepOnion project.
DeepPoints
DeepPoints allows members of the DeepOnion community to earn ONION by contributing towards the project. For members this means completing official tasks and accruing threads, replies and likes.
Within the weekly DeepOnion airdrop, between 2-10% of the distribution is reserved for DeepPoints rewards. This provides a real incentive for community members to contribute towards the growth of the DeepOnion project whilst earning rewards in ONION.
