DeepOnion Coin – Advantages and disadvantages

TOR is not unknown, but already enjoys great popularity among those who have an increased need for security and anonymity. With this basis it is not guaranteed that the Onion price will rise steadily. However, it is not unlikely that the DeepOnion crypto currency will hold due to its anonymous transactions and the coin will also be used. TOR is an already tested network and offering crypto currencies on this platform seems almost obvious. The coin should start the race with an advance of trust for those who are interested in anonymity. Perhaps the most important thing is to see buying DeepOnion Coin as a long-term investment, rather than looking for quick profits.

Bitcoin Revolution – Development – Forecast

The price started with a value between 60 and 90 cents on the stock exchanges. In the course of November 2017, a steady upward trend was clearly discernible and continued until the beginning of December. Here the price reached a value of more than 1 Euro per coin for the first time and for a short time even rose to just under 4 Euro. Until the holidays, the share price remained at 3 euros per coin.

This could have been the last opportunity to buy the DeepOnion Coin at a low price. At the end of December the ONION Coin price reached a value of more than 6 Euro. In January 2018 the crypto currency was hit by the general hype and jumped to 16 Euro within a few days. The coin then lost value when the stock markets calmed down again.

As far as the Deep Onion Coin forecast is concerned, the price appears to be stabilizing at a level above that of November last year. Probably the ONION coin will behave similarly to most crypto currencies and will also lose value if their value falls. It is also possible that the ONION coin will rise again and even surpass previous results. Basically, it is still too early to make accurate forecasts.

Create DeepOnion Coin Wallet
The safest wallet is the official wallet, which can be downloaded from the developers’ website. Only through the official wallet can the network of the crypto currency really be used. The wallet can be easily downloaded and installed from the website. There are different versions for different operating systems. After the installation it took the wallet a while to synchronize with the network.

Where can I buy the DeepOnion Coin?

The number of online exchanges where you can buy DeepOnion Coin is quite small so far. Usually you have to exchange them for www.onlinebetrug/en Bitcoin or Ether, the purchase with Fiat money like Euro or Dollar is not possible so far. Cryptopia, Kucoin or Stocks Exchange are available for trading.

At the same time, the development is still in an early phase, the crypto currency was only announced in July 2017. Many new features still need to be developed and tested before the full potential of the coin can be measured, such as the extremely important function of smart contracts. Many aspects of the roadmap include making the crypto currency better known in the social media and launching campaigns for the mainstream media. In addition, the acceptance of the coin on shopping sites is to be increased. It remains to be seen whether the team will succeed in this despite TOR’s infamous image. Finally, the privacy of the anonymization service will also be used for illegal business and the operation of illegal websites.

Conclusion DeepOnion Coin
Some may have forgotten that the coins are supposed to be cryptographically encrypted digital currencies. The DeepOnion Coin wants to accomplish this core task of crypto currencies with the help of the TOR network. And although the development is still in its infancy, the potential can already be guessed.

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Anycoin Direct implements native SegWit

SegWit transactions are picking up speed more and more. After Coinbase and Bitfinex, one of the largest exchange offices for crypto currencies is now also implementing the technological innovation.

What is SegWit and a Bitcoin code?

SegWit (Segregated Witness) is a technical Bitcoin code approach designed to at least partially solve Bitcoin code review scaling problem. SegWit creates a larger capacity, allowing significantly more transactions to be processed per second. In addition, SegWit paves the way for the Lightning-Network, which makes it possible to send Bitcoins immediately and almost free of charge.

What are the benefits of Ethereum code?

SegWit (Segregated Witness) offers some advantages and changes to the Ethereum code. SegWit uses instead of block size, allowing blocks to be increased up to four megabytes, allowing more transactions for the network. If the utilization of the Bitcoin network remains as it is now, SegWit should result in lower fees to be paid.

Anycoin Direct uses the bech32 address format
What are bech32 addresses?
The SegWit protocol upgrade offers two new Bitcoin address formats. There are SegWit addresses that start with a 3 and SegWit addresses that start with “bc1”. The Bech32 addresses, i.e. the native SegWit addresses (bc1), use fewer characters than current addresses, and there is no longer any distinction between upper and lower case, which is of benefit to the end user.

Native SegWit at Anycoin Direct

Anyone who buys or pays out Bitcoins at Anycoin Direct* can do so via a bech32 address. But that’s not the only advantage of changing the address. The format has other advantages, such as an automatic filling function for the address or a better adapted QR code.

By activating and implementing Anycoin Direct SegWit (in the short time since Bitcoin Core 0.16.0), the popular exchange office can relieve the Bitcoin network and contribute to the success of Bitcoin.

About Anycoin Direct
Anycoin Direct is a Dutch company based in Veghel which operates a Bitcoin and crypto exchange office. The company was founded in April 2013 and operated under the name Bitplaats. In the past, Anycoin Direct concentrated mainly on the Dutch market, but today it targets the European markets.

The company’s primary goal is to provide customers with the easiest and fastest purchasing and sales process. Not only are the digital currencies sent quickly when shopping, but larger amounts of money are also transferred in the shortest possible time.

Ethereum Upgrade Sharding now on Github | Until 2020?

A long awaited Ethereum update is now available on Github. This update could be one of the biggest breakthroughs in Ethereum history.

Vitalik Buterin recently released the Casper Hybrid version. The hybrid Casper ensures that the current algorithm is changed from proof-of-work to proof-of-work (50%) and proof-of-stake (50%). It takes less than five months for the hybrid Casper to haunt the Mainnet.

What is the benefit of Bitcoin Trader

Each blockchain that uses nodes has a limit: How much can the nodes process? Nodes process all blockchain data, which can result in scaling limits. At Ethereum, this limit is called 7-15 transactions per second. However, these nodes are extremely important for security, which is why they cannot simply be “turned off”.

Sharding starts here and wants to break up the blockchain data. The data is chewed in front of the nodes, so to speak. Sharding divides the data that the node actually receives into individual parts called “shards”. For example, all addresses starting with 0x000 could be combined into one shard to facilitate the work of the nodes.

New Sharding Code on Github
Vitalik Buterin presented his Sharding code on Github. This is to show how one could use Sharding on the Ethereum Mainnet. With a special and random “beacon” and Shard block times < 10 seconds this should work.

Then it gets mighty complicated. Math geniuses who have received an award can most probably follow him. For “normalos” it will be difficult. With his new concept, there are:

Beacons: Cubes that generate random numbers.
Collations: A kind of bundle of transactions and transaction data.
Proposer: Validators of new blocks or a kind of miner.

Bitcoin Profit perform final checks

The beacon chain generates new blocks every 2 to 8 seconds, proposers suggest Bitcoin Profit new collations for each block and notaries check if everything is okay and release the block for the Ethereum blockchain.

Requirements for Proof of Stake
Proof-of-Stake (PoS) is currently still being worked on and nothing is yet final. Only when the PoS runs on the Ethereum-Mainnet are the requirements clear.

It is currently expected that 1,000 ethers will be required for the PoS. However, there will probably be staking pools. Stakers with smaller amounts can join forces there. In the future, only 32 ethers will be needed, making Ethereum more decentralized.

When can one expect Sharding?
It can only be estimated when sharding is ready for implementation. Vitalik Buterin is working hard on this project. It is likely that the Sharding project will be ready in 2019 or 2020.

Once sharding is published, each of the 100 shards can process around 1.4 million transactions per day, giving the network a capacity of around 140 million transactions per day or around 1,000 transactions per second.

Ethereum: Casper the Friendly Ghost now on Github

Today at 4 o’clock in the morning it was time. Casper, the friendly final gadget (FFG), was released on Github. The Ethereum Improvement Proposal 1011 includes the release of “Hybrid Casper FFG EIP“.

Hybrid Casper FFG
The improvement proposal for Ethereum includes the hybrid model of the Casper proof-of-stake upgrade. This ensures that the current algorithm is changed from proof-of-work to proof-of-work and proof-of-stake. With this hybrid model, it is possible that possible undiscovered errors in the proof-of-stake algorithm will not lead to disaster.

With this hybrid model, errors could be caught and, if necessary, the proof-of-work algorithm helps to secure the Ethereum blockchain.

Casper Version 1
The protocol upgrade Hybrid Casper, also called Casper Level 1 or Version 1, changes the proof of work. In addition, proof-of-stake extras and a fork selection rule (i.e. how to choose which chain is the right one) are implemented.

In order to participate with one’s own ether in the Casper Contract and become a validator, ether must be deposited and the user must be included in a validator pool, whereby he can then participate in the PoS consensus.

With the contract also some rules are implemented, which are called “Slashing Conditions”. For example, if two incompatible blocks are found by a validator and both are signed, then the slashing conditions must apply. The “slashing” means that the assets of the validator who makes wrong decisions or wants to cheat the Ethereum network are burned.


Interesting is the extra “Casper-Fork-Choice”. With this extra it is possible that Ether users can decide which Ethereum blockchain they want to follow. For example, if 51 percent of the miners or 51 percent of the PoS validators were “bad” and want to harm Ethereum, you could choose the other side.