Crypto

The Tor Project Enables Cryptocurrency Donation Support

Regardless of how one wants to look at things, it has become apparent Tor plays a growing role of importance in the cryptocurrency world. A lot of privacy-oriented projects tend to rely on Tor in terms of maintaining privacy and anonymity. In a somewhat surprising turn of events, the Tor project now accepts various cryptocurrencies for donations. This is a pretty intriguing development, although it remains to be seen if it will yield any major donations.

Cryptocurrency Donations for the Tor Project

Over the past few years, numerous companies have begun introducing cryptocurrency donation support. While this is a good way to bring Bitcoin and select altcoins into the mainstream, it also appears most of these efforts are rather short-lived in terms of gaining attention. With the current bear market still in effect, a lot of crypto holders are less eager to spend their holdings as well. How that will affect the Tor Project’s recent

decision, remains to be determined.

To be more specific, the Tor Project has officially begun accepting a handful of cryptocurrencies for donations. That list includes Bitcoin, Litecoin, Stellar Lumens, Dash, Ethereum, Augur, Bitcoin Cash, Monero, and ZCash. What makes that list so particularly interesting is how it lists numerous non-privacy-oriented cryptocurrencies. The use for Augur is also a bit unusual, as it is a token on the Ethereum blockchain. With hundreds of tokens on that network, choosing this one over the rest will undoubtedly raise a lot of questions.

Additionally, it would appear the donation form for the various cryptocurrencies give users an option to include their personal information. Although anonymous donations are possible as well, one has to wonder why anyone would effectively share their name and address in the first place. Tor doesn’t have a terrible reputation by any means, but cryptocurrency users have never been keen on sharing their personal information in any way, shape, or form.

Related Post

On social media, there is also some initial backlash to this recent decision. While some users offer helpful comments in terms of making this donation process a bit more automated, there are also a lot of people who see this as a “half-assed” attempt at trying to get on the crypto hype bandwagon. With only an option to manually copy donation addresses, sending transactions from a mobile device is pretty much impossible. Additionally, it is not the most secure method of dealing with crypto payments in general.

As one would come to expect, there are also a lot of people who don’t necessarily agree with this list of supported currencies. Since so many coins sue Tor for any concept or another, it is only normal those currencies want to gain “support” through this donation page as well. Discussions like those can be quite interesting to keep an eye on in the future, although it is logical to assume a lot of these smaller projects will be overlooked for the foreseeable future.

There are also a handful of people who simply oppose this idea altogether. Since Tor is a project which has some ties to the US government, the recent net neutrality discussions have made it fall out of a favor a bit. Moreover, there are some users who prefer donating to open source contribution, rather than this particular project. It is evident this crypto donation-related decision has already sparked a few interesting discussions which are all worth keeping an eye on.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Best Altcoins to Buy Today: Why Qubetics’ Presale Could Be the Best Investment Opportunity of 2024

The cryptocurrency market never sleeps, and every day feels like an adventure. From household names…

2 hours ago

Forget DOGE and SHIB: These 5 Memecoins Are 2025’s Millionaire Makers

The memecoin craze is evolving, and a new wave of contenders is rising. With fresh…

11 hours ago

While Ethereum Approaches $6K, XYZVerse Prepares for a 16,900% Market Shakeup

As Ethereum's value inches toward unprecedented heights, another digital asset is set to make a…

11 hours ago

Four Meme Coins That Might Disappoint and One That Could Deliver Big Gains

Meme coins are the wild cards of the crypto world—one day they're "to the moon,"…

11 hours ago

Winter’s Altcoin Season to Explode: 3 Cryptos Every Trader Should Know!

As temperatures drop, the crypto market is heating up with anticipation. This winter could witness…

11 hours ago

Best Crypto Presales: This Coin Offers 15x Potential Returns—Secure Your Spot in the Next Big Crypto!

Ready to find the next big coin that makes you reach? Many believe that Bitcoin…

14 hours ago