Market Cap:
$194B
BTC Dominance:
66.69%
btc:
$7,141.37
eth:
$141.73
xrp:
$0.22
Advertise
Announcements

Tor Project Now Accepts Bitcoin Donations

Tor Project Now Accepts Bitcoin Donations

The Tor Project behind the anonymous Tor network has announced that it is now accepting Bitcoin (BTC) donations via the Lightning Network.

20 November 2019, AtoZMarkets – The Tor Project Inc. is based in Massachusetts and founded by Roger Dingledine, Nick Mathewson, and five other computer scientists. The Tor project is mainly responsible for maintaining the software for the Tor anonymity network.

What is Tor?

Tor is a free and open-source software to allow anonymous communication. The name is derived from an acronym for the original name of the software project “The Onion Router.” Tor directs Internet traffic through a free, global, volunteer network of more than seven thousand relays. It is for hiding the location and use of a user from anyone who performs network monitoring or traffic analysis. The use of Tor makes it more difficult to trace Internet activity to the user. This includes visits to websites, online messages, instant messages, and other forms of communication.

Tor Project Accepts Bitcoin Donations

The organization announced on November 19 that it would accept donations from the Lightning Network as part of Bitcoin Tuesday. Tor recommended the BottlePay wallet for donations. That allows users to search the Tor project inside and send crypto without copying and pasting the addresses.

The Lightning Network is a Layer 2 payment protocol for the Bitcoin network. That aims to speed up payments and solve the problem of network scalability. Alternatively, the service also allows donations from the public through a tweet. The wallet also allows its users to make a direct donation. And it also allows users to convert US Dollars, Euros, Pounds, Australian Dollars, and 18 other fiat currencies.

Read More: China Digital Currency Might Launch in 2020

Financial Support of  Tor Network

US government agencies primarily fund the development of the Tor network. That is after its parent technology, onion routing. It was first funded by the US Office of Naval Research in 1995.

Despite the financial support of official organizations, this technology has been widely applied to the Dark Web. That is for illicit sites and services such as the Silk Road.

On the other hand, the network is also used by political dissidents living under oppressive regimes. And whistleblowers also used it looking for a way to anonymously expose official wrongdoing to WikiLeaks and similar services.

The user uses the Tor network for ensuring confidentiality in both communications and transactions through cryptocurrency. People often rely on its efficiency for their security. Its users are frequently the target by hackers.

Conclusion

The fixed element on the project site makes it possible to make donations in fiat money, as well as Bitcoin. Supporters of the Tor project work can also contribute to the fund via PayPal or credit card. It currently supports the following digital currencies:

Augur (REP), Bitcoin (XBT), Bitcoin Cash (BCH), Dash (DASH), Ether (ETH), Litecoin (LTC), Monero (XMR), Stellar Lumen (XLM), Zcash (ZEC) and Dogecoin (XDG).

Think we missed something? Let us know in the comments section below.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.

Premium Brokers

Your capital is at risk.