Poop Coin analysis Four: DeepOnion Coin (Onion) The Tor Token.

Rank: 404
Market Cap: $11,377,542 USD
Volume (24h): $52,174,157 USD
Price: $0.73 USD (5.25% on the Downside)
Total Supply: 20,620,904 ONION’s

DeepOnion has a vision and that is to create a project in which an anonymous payment ecosystem will guarantee security and privacy within a blockchain system that acts a lot like the Tor network. The added side is that it ALSO works with the Tor network. Now we have a payment system that basically has the world's most famous anonymous browser, but in like TWO! DeepOnion is at times referred to as a hybrid cryptocurrency because it also uses the x13 proof of work (POW) and the proof of stake (POS) algorithm. The Onion token is designed to be integrated with the famous anonymous Tor network. This will ensure that any peer-to-peer connections are hidden through the use of relays. Now believe me I know there are a lot of folks out there that wish to hide from authorities or even their wives, so I do think that this project can turn out to be very popular! Monero, which is another ANON cryptocurrency designed for the same purpose is one of the world's most popular coins. This project I think has the potential to rival Monero.
DeepOnion team’s state that their belief is that nobody should have their finances or identity scrutinized by financial authorities, Government entities or any other individual or group because privacy is an inherent right given to us by our Constitution.

The group behind the project have come to scrutinize BTC a lot by saying that it cannot remain anonymous because of the following reason:

1. An account with the exchange is created by the user who registers his or her personal details that would facilitate the currency exchange.

2. An exchange generates the BTC address which is connected to your personal identity.

3. The funds are sent by the user from their FIAT bank account (or BTC wallet) to their identity verified exchange wallet.

4. A trade is then performed by the user

The outcome of the process is that your BTC address that was anonymous is now linked to your personal identity. This essentially means that an exchange is in a position to verify the number of BTC you have in all the addresses . So authorities will be able to see who you are receiving and sending BTC to. Another area of weakness for BTC is anonymity since node traffic is often sent in a fashion that is unencrypted. The peer addresses of BTC are clearly visible Internet Protocols that present a prime opportunity for consequently network interruptions and targeted attacks. Therefore, it is an imperative action to protect the IP address of the client's wallet to safeguard your financial assets as well as protect your personal identity. The anonymous TOR IP addresses are some of the implementations made by DeepOnion to specifically mitigate these risks. The resources required to verify transactions in Bitcoin and Ethereum are at times cost-prohibitive. BTC produces a transaction fee that sums up to $25 during the peak periods. And we all know that this can not be a sustainable system for mass adoptions as congestion and high fees will tear BTC apart. DeepOnion has a solution to most of these problems with technologies that have been integrated into network. The TOR network controls the entire network which makes it very difficult to get the identity of a user without compromising huge segments of the TOR network. This is a process that can be interfered with further with the use of VPN solutions. This means that the geographical position of a DeepOnion user is almost impossible to identify or locate. Making it incredibly hard for the IRS or any other unwanted authorities coming to your house.

So they integrate the TOR protocol as the transport layer to secure and create anonymity of the network traffic in between the nodes.
They also added another protocol layer called zero-knowledge proofs to obfuscate the traces of ONION transactions to every user but the sender. However, they do provide sufficient and non-sensitive evidence for the occurrence of the transactions. The origins of a transaction will be hidden further when they implement DeepSend technology, based on multi-signatures and completely trustless system.

Here are the features for DeepSend:

1. Sender randomly picks two nodes from his service node list, and request anonymouse service
2. Mixer and Guarantor reply favorably
3. The 3 parties exhange public keys and create 1 2 of 3 multisig address. They each deposit a guarantee fund to it. Sender also deposits the send amount and service fees
4. After verifying the deposits in escrow, a multisig distribution tx and a multisig cancellation tx will be created and sent to each party 5. After veryfying the two multisig tx, Mixer will send the required coins to destination, and send the txid to other parties to verify
5. Mixer will sign the multisig distribution tx and send it to other parties. Sender will verify Mixer’s txid, if satisfied he will sign the multisig distribution tx
6. Sender will post the distribution tx to the network. All escrows are refunded, the send amount is sent to mixer, all fees are paid, and anonymous transaction complete

The final stage of anonymity and security is offered by the application layer through the adoption of services such as marketplaces, decentralized exchanges and other services that only operate in a manner that is anonymous, decentralized, secure and cryptographically verified. These measures will ensure that the multi-layered platform gives the absolute best privacy.

Deep Onions Roadmap:

July 2017
-DeepOnion Pre-Announcement (completed)
-DeepOnion Formally Launched, Airdrop details published
-DeepOnion Blockchain Starts, Mining Starts
-Website Launch (https://deeponion.org)
-Signature Promotion Applications Ready
-People can sign up for free ONION airdrops
-Announce DeepOnion Bounty Programs (Translation, Twitter, etc.)
-Signature Campaign Start, First Airdrop Starts
-12.5 Million ONIONs will be distributed freely in about 40 airdrops/distributions
-DeepOnion Forum Launches

2017 Q3:
-DeepOnion Trades at Exchanges
-Twitter Campaign Starts
-Facebook Campaign Starts
-Introductory Youtube Video Campaign Starts
-Release Paper Wallet and Brain Wallet

2017 Q4:
-The Launch of DeepVault
-A revolutionary one of a kind service.
-Our SEM experts begin showing ads (new videos and content) to people both new and experts at full speed!
-(Popular Search Engines Organic SEO and paid marketing)

2018 Q1:
-The release of the Official DeepOnion White Paper.
-Launch Mobile Device Wallets (Android)
-Launch of DeepOnion VoteCentral
-ONION holders can vote on new developments and bring up own ideas for future implementations. -Hiring a public Hero for more videos and marketing.

2018 Q2:
-Free airdrop/distribution completes, all 12.5 million coins will be freely distributed.
-More Exchanges trade-able for ONIONs
-More Shopping Sites accepting ONIONs
-DeepVault Web App
-ONION accepted Games

2018 Q3 and Beyond:
-Support Zero Knowledge protocol
-The Launch of DeepSend
-our next level in blockchain anonymity in crypto world
-Supporting Smart contract
-Main Stream Media Actions
-DeepOnion Academy
-Teaching the world about blockchain and cryptocurrencies
-Trezor Wallet Compatibility
-Smart Contracts
-And beyond
-The community will take the lead and define new features and the direction of DeepOnion

Here are some of the specifications that will accompany the project:
5 confirmations per transaction
50 confirmations per block minted
18 million ONIONS will be distributed freely via airdrop to the community.
This forms about 90% that are set to be premined in the genesis block.
The number that will be mineable by the public is 2 million ONIONs.
RPC Port: 18580 – Connection port: 17570.

Proof of Works features:
X13 algorithm
8 ONION per block will be the initial payout
240s block target
Difficulty retargeting each block
The payout of the POW will be halved each year until where it remains 1 ONION.

Proof of Stake:
60s block target
Difficulty in retargeting each block
The interest of PoS will be variable per year:
10% 1st year, 5% the second year and 1% in the subsequent years.
24 hours minimum holding time before the generation of PoS.

DeepOnion Mining model (Emission’s model):
The DeepOnion's emission specification is as follows;
240 seconds PoW block target; which translates to 15 blocks in an hour and 360 blocks in a day.
Initially, 8 ONION is comprised in every block.
This is a payout that halves each year and thus the number of PoW coins that are minable will be:
365 x 360 x 8 x (1 + ½ + ¼ + 1/8 + …) = 2,102,400
Therefore 2,102,400 will be the total number of PoW coins (This includes the 18 million that were pre-mined at block 1).

DeepOnion Stealth Address features:
They add more safety, trust, and privacy to the users.
The destination of where a payment was sent can only be concluded by the sender and the receiver
No third party will be aware of any payments or transactions that you received from other people.
The blockchain cannot make a correlation because you send and receive payments using separate and unique addresses.
Since no third party is involved in the transaction, they won’t know anything about the payments more so if there is no direct communication between the receiver and the sender.

DeepOnion will also be implementing atomic swaps in the near future. This will allow peer-to-peer transactions without a third party needed to verify the transaction. This will add yet another level of security. DeepOnion also implements smart contracts into their network. The smart contract is hash time-locked and used by the atomic swap system so that the currency you need to swap can be delivered within a particular duration. Also DeepOnion states that it can scale transaction speeds up to ONE MILLION transactions per second! Now that's insane, but only time will tell if they can even come relatively close to that at all! DeepOnion also has programs like Deepvault, Deepsend, Lightning network, a marketplace, and an academy! Now I wont get into the descriptions of those features because the name pretty much tells you their functions.

DeepOnion is currently working on an IOS App!

Main page: https://deeponion.org/
Youtube: https://deeponion.org/youtube
Facebook: https://deeponion.org/facebook
Twitter: https://deeponion.org/twitter
Telegram: https://deeponion.org/telegram
Instagram: https://www.instagram.com/deeponionofficial/