DeepOnion vs Monero - Battle of the Anonymous
Anonymous crypto coins are rising in the crypto world these days. Bitcoin introduced the concept of transacting online in an anonymous manner through specific features in a decentralized manner without the interference of the government. This is one of the reasons that bitcoin took off into the stratosphere and investors believe in its potential, but it has its flaws. This is where the crypto coins like Monero, DeepOnion etc were developed with the sole purpose of solving this problem and they each have their own advantages and disadvantages.
Monero is a secure and private coin which promises completely anonymous transactions in such a way that no one can penetrate your transparency in any manner whatsoever. This all sounds good on paper, but there is a flaw here. It was discovered that it is possible to identify the node which is the starting point of a transaction through a dedicated hack attack. Also, monero mining pools are completely centralized at the moment and 4 huge pools control the mining aspect of this coin which is another flaw.On top of all this, monero transactions are huge when compared to other coins like bitcoin, deeponion etc which is definitely not good in the long run.
DeepOnion is a secure and private coin that operates similar to monero and other crypto coins(Transactions are conducted in an anonymous manner such that only the user can only view the transactions), but the big difference is that it executes this process using the TOR browser which is awesome in my opinion and everyone knows that TOR is almost impossible to hack. This is where DeepOnion has a big advantage over Monero.
The DeepOnion mining pools are divided into many groups which is a plus point since they are not centralized in any manner. Also, deeponion transactions size are very small when compared to Monero, Bitcoin etc which is another plus point for this coin. Overall, I would like to say that DeepOnion has proved itself as one of the best anonymous crypto coins around and I am confident that it will overtake Monero in the future.
why would I buy ONION over cheaper XVG ?