DeepOnion (ONION)

Posted by

DeepOnion, A privacy coin that is integrated into the TOR network to ensure private payments with full anonymity. DeepOnion has a number of working products and products in the works that make it a very competitive privacy coin.

Our Joke Name

DeepOnion = Just another privacy coin

Basic Intro

Link to the main website

Link to price/market cap

Exchange Ticker (ONION)

Coin or Token

Circulating Supply (15 Million)

Total Supply (20 Million)

Block time (Under 50 seconds)

Market Cap Ranking

Review

DeepOnion, A privacy coin that is integrated into the TOR network to ensure private payments with full anonymity. DeepOnion has a number of working products and products in the works that make it a very competitive privacy coin. With the likes of Monero, Verge and Dash dominating the market DeepOnion has to get creative to be “not just another privacy coin”.

Key Features

  • DeepVault
  • DeepSend
  • Hybrid Consensus
  • Anonymous development team

DeepVault

Deep Vault is a hash file storage built into the DeepOnion Network which allows for users to have file verification with in the DeepOnion Blockchain.

DeepSend

DeepSend is the technology which DeepOnion use to send irreversible payments through the TOR network.

Hybrid Consensus

DeepOnion uses the Hybrid Proof-of-Work and Proof-of-Stake consensus for its validation method.

Unique Technology

In no way do DeepOnion have unique technology, and amongst most lower market cap coins this is a very common trait amongst itself

Anonymous development team

This is an odd one, the development team don’t have a face which potential investors could raise an issue with, However this is able to work for their team since there was no ICO that funded the beginning of DeepOnion. This does actually work more for the image of deep onion more so than detrementing it.

Summary

DeepOnion is a coin that has a very specific use case and it performs reliably with only minor bugs being discoverers in recent months. It has a promising road map and could be a strong competitor in the upcoming future. Personally I like DeepOnion and hopes it will find a place along side the likes of Verge, Dusk and Monero.

Pros

  • Hybrid Consensus
  • Reliability

Cons

  • No team members listed
  • Not unique technology
  • No backing (asset, profits, commodity)