TorCoin: Making Anonymity Pay
The Onion Router. Following the Electronic Frontier Foundation challenge to increase the number of Tor relays, researchers from Yale University Miles Richardson, in collaboration with Mainak Ghosh, Professor Bryan Ford, and Tor community leader Rob Jansen, have announced TorCoin, a new altcoin which relies on the bitcoin protocol. TorCoin aims to solve the Tor network shortage of nodes problem by allowing the relay node to mine coins which can then be sold on the free market. It uses a proof of bandwidth concept, instead of proof of work. To ensure that actual bandwidth is transferred, it....
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A new altcoin called torcoin is gaining interest for its potential to solve a problem that is central to the Tor network, a popular system for masking data and communication on the Internet. The relationship between Tor and the technology underlying digital currencies is deep. Many bitcoin-powered online black markets, including the infamous Silk Road, use Tor to protect their services from infiltration, while major bitcoin projects like bitcoinj use Tor to facilitate connections. The central function of the Tor protocol is to provide users with a greater degree of anonymity online than is....
Even though Wilcox claims his startup is not aimed at making illegal activities easier for criminals, he is quick to note how his company will not be liable for ZCash applications in a criminal environment. Bitcoin has often been touted as an untraceable and anonymous digital currency, even though it is neither at its core. Strangely enough, mainstream media has forgotten all about the headlines they wrote until a few weeks ago, as an untraceable Bitcoin alternative has launched. ZCash looks to bring anonymity to the digital currency ecosystem, making it perfect for those who wish to use....
The latest breed of X11-driven cryptoassets is challenging the popular concept of anonymity in cryptocurrency – and Global Denomination (GDN) is at the forefront of the space’s latest features. The X11 algorithm, also known as chained proof of work, was first introduced with Darkcoin earlier this year, and has since spawned a cluster of peers all striving to evolve the technology in different directions for various uses. Whereas Darkcoin’s genesis was based on the desire to provide new levels on anonymity, however, GDN’s developers argue the opposite. Their coin, dubbed “anti-anonymous",....
If you don’t know what TOR is, it stands for The Onion Router. Originally purposed for a third-generation onion routing project of the US Naval research laboratory according to their website, TOR is now used by anyone that would like to remain as private and secure as they can. TOR gets name from how it works. TOR works by protecting you against a well-known form of Internet surveillance, known as” traffic analysis.” It does this by distributing your information over several places on the Internet, conscious more
The first thing you need to know when speaking of Razor is what exactly TOR is. TOR is a software that enables online anonymity to hide a user’s location in anything concerning internet traffic. Mainly, TOR makes it harder for network activity to be tracked back to the user of the TOR network. You can find more information regarding TOR here. Back to the coin itself, Razor has a total coin amount of 2 million, and it is fully PoW running on the scrypt algorithm. The implementation of TOR in Razor is a great one to say the least as many coins have made a push in order to achieve anonymity.....