DeepOnion cryptocurrency’s Stealth Addresses are already completed and tested thoroughly by DeepOnion’s development team and will allow people to send and receive untraceable payments with Onion cryptocurrency. The wallet will be upgraded in Windows, Linux, and Mac.
Version 1.6.0 is a mandatory upgrade for DeepOnions cryptocurrency’s Stealth Addresses. Its new features are Support Stealth Address after switch block 460000 which will be reached in about 2 weeks and New DeepVault algorithm which will be faster.
Stealth addresses allow and require the sender to create random one-time addresses for every transaction on behalf of the recipient. The recipient can publish just one address, yet have all of his/her incoming payments go to unique addresses on the blockchain, where they cannot be linked back to either the recipient’s published address or any other transactions’ addresses. By using stealth addresses, only the sender and receiver can determine where a payment was sent.
Stealth addresses are an incredibly powerful tool. They add more privacy, trust, and safety for users. With stealth addresses, no payer will know anything about payments you received from other people; only the sender and receiver can conclude where a payment was sent.
Both users have their privacy protected by Stealth addresses. As you receive and payments to separate, unique addresses, the blockchain can’t correlate them. No third party is involved or knows anything about the payments especially if there is no direct communication between the sender and receiver.
Stealth address is a method by which additional security can be granted to a user of DeepOnions cryptocurrency. It allows users to have the peace of mind that their transactions cannot be traced back to them. For businesses, it allows them to use one consistent address for all their payments, without the risk of someone watching their transactions with malicious intent.
About DeepOnion Cryptocurrency
DeepOnion is an anonymous and 100% untraceable cryptocurrency that is natively integrated with the TOR network, OBFS4, and Meek making it usable even in blocked countries. It is a revolutionary community driven project aimed at producing a unique privacy conscious cryptocurrency.
DeepOnion promotes privacy and anonymity for cryptocurrency users by reducing the likelihood of identification by legal and illegal entities through the incorporation of industry-leading cryptography and anonymity-centric networking protocols.
DeepOnion strives to become the premier privacy-centric cryptocurrency by improving the current state-of-the-art and introducing novel blockchain technologies. They incorporate the latest privacy standards into our technology stack, such as the inclusion of the latest TOR protocol to ensure that our community members remain secure and anonymous in all aspects of their finances. They further this by adding voting mechanisms such as VoteCentral to allow anonymous, democratic representation of DeepOnion’s future development.
The team behind DeepOnion believes that privacy is an inherent right and nobody should have their identity or finances scrutinized by Government entities, Financial Authorities or any other group or individual. Their mission is to create a 100% anonymous cryptocurrency that fulfils the requirements of a modern financial world whilst ensuring that the privacy and anonymity of its users remains intact.
DeepOnion makes it possible to can send and receive onions (ONION) over the TOR network. With DeepOnion your anonymity is guaranteed; you can send and receive private transactions using the DeepOnion wallet.
For more information, please visit: http://www.deeponion.org.