Current Crypto Landscape & DeepOnion's Place in It

in #deeponion6 years ago

The "DeepOnion" coin has been designed to provide privacy / anonymity to the "crypto" market. Most specifically, if you're trying to work with others to perform transactions - DeepOnion has been created to provide this in the most effective way possible.

The "coin" itself works in much the same way to Bitcoin, with its basis being on the "blockchain" database system. Developed by 4 team members and released in June 2017, the system originally attracted attention due to its basis on the TOR network - a privacy network often associated with the "Dark Web".

If you're interested in the "coin" from either a technical or economic perspective, this tutorial should give you the overview of what you should be looking at in order to gain the most experience with the system. For example, understanding the "crypto" market, and where the current money may be in said market, is one of the most critical aspects to gauging the future success of a "coin".

It's no secret the main reason people know about "crypto" is due to Bitcoin's rally in December 2017. Whilst this lead the majority of speculators/traders to look at the price of BTC, it lead a lot of technically-minded people to examine how Bitcoin works, and why it's suddenly become such a sought-after asset. What they found was something called "blockchain" - a decentralized database technology designed around giving users "peer-to-peer" functionality with access to a global data store.

This may sound quite nerdy, but its underlying implications are massive. Specifically, the way that the current setup works is with something called "client/server". Nothing wrong with client/server because it means that all your data is stored effectively and (relatively) securely in a central service-provider's infrastructure. The issue is that sometimes, people may not want their data kept in a central location - which leads to the "peer-to-peer" paradigm.


Courtesy: Google Images

Peer-to-peer has existed for a long time (a LAN is peer-to-peer) - but what hasn't existed is the ability for that "peer-to-peer" functionality to be populated with global data. The premise of "blockchain" is to provide peer-to-peer functionality with a globally distributed database that can be updated at one location, and be updated everywhere.
The whole "crypto" craze has been built off this functionality - the idea that every "asset" in the world can not only be digitally represented, but those virtual representations tracked in a global database which allows them to be interchanged with each other.

To this end, whenever someone says that they are "investing into crypto", you should shoot them. "Crypto" is just the term used to describe the cryptographic encryption that underlies all the blockchain databases. It has almost nothing to do with whether any of the systems have actual market value. This means that when considering the likes of "DeepOnion", you must NOT fall into the trap of believing the hype. "Crypto" might be here to stay as a paradigm, but it's certainly not a done-deal with the current crop of systems. Most specifically, if you're looking at things from an investment perspective - the core question you need to ask yourself is how is this going to make money? If you cannot see how a system actually generates liquid cashflow, you should not treat it as an investment, and instead use it as a technical intrigue.

I hope you like the article, please share your comments below, Thank you!

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