The Dark Web in Crypto - A pathway to Financial security and anonymity on the Space

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It's quite obvious that anything dark can never be spoken well of but. It's something that has to do with secrecy, very fishy and can involve scam but there's more to the so-called dark web and its connected with crypto. This dark web is a hidden part of the net that can't be accessed easily with search engines and browsers that are standard e.g Google Chrome and FireFox.

It requires technical software like Tor to visit websites designed to enhance the security in activities of users, keeping it anonymous. This secrecy makes it possible for users to carryout transactions underground without a trace. It hides user's identities and activities. When users buy or sell items using cryptos or when they trade, their identities are hidden and are difficult for law enforcement to track or trace these transactions that may be illegal as the case may be.

People also using this dark web for legitimate reasons can benefit from the anonymity it provides when carrying out transactions they want to conceal though not for illegitimate purposes. It's more like cryptography.

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Cryptos which are basically decentralized and aren't governed or controlled by a single entity such as bitcoin, monero etc offer a level of security or anonymity that traditional systems don't. Transactions are public though but the identities of those carrying out these transactions are hidden with pseudonyms.

These cryptos aren't controlled by any single entity or the government itself which makes it attractive for users who wants to Keep away from these governmental authorities. The cryptocurrencies that operates on this dark web have used cases that must be noted. These are;

• Demands for Ransom payments in crypto by cyber criminals which makes it possible for payments to be concealed at not tracked easily.

• The use of Communication tools and privacy focused services like VPNs help protect their identity and data even when location is activated. This is what most yahoo boys use to conceal their identities from their clients and also protect transactions from being tracked.

• Users on the crypto space can mix their coins using mixers and coin tumblers which helps break the connection between the source of the scammed coin to their destined address without being tracked. This helps obstructs the origin of these funds which is the source.

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There are also some marketplaces such as the silk road which facilitates the buying and selling of illegal goods and this can also be used to on cryptos too...... People use some fraudulent exchanges for their transactions. Transactions placed in these marketplaces are difficult to trace which makes it secure for those involved in the transactions. Some of such marketplaces are the alphabay, dream market, wall street market etc.

These market places offer stolen personal data like credit card information and they accept bitcoin transactions which are always secure in the best of ways. It can be helpful for those who doesn't like that transactions to be seen by anyone which ensures anonymity..... A dark web may be used for transactions that are illegal but can be very helpful in securing one's activities that are legitimate. This is why it's used on the space to also prevent governmental authorities. Though there are advantages of using it for the better, the disadvantages are also there.

Disclaimer :Any financial and crypto market information provided in this post was written for informational purposes only and does not constitute 100% investment advice. It's just basic knowledge every crypto trader or investor should have