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Tor Project opens doors to Monero [XMR] donations; BitPay left in the lurch?

Priya

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Tor Project opens door for Monero [XMR] donations; BitPay left in the lurch?
Source: Unsplash

Monero [XMR], the thirteenth largest cryptocurrency by market cap, has been listed among the cryptocurrencies accepted for donations to the Tor Project. This aside, Tor Project also has its own direct wallets for the acceptance of cryptocurrency payments.

Tor Project is a non-profit organization, advancing human rights and freedom with the creation of privacy-enhancing technology and open-source anonymity. The main responsibility of the project is to maintain the anonymity of the Tor network.

ExpensiveVanilla4, a Redditor said,

“If you are going to donate to privacy oriented projects then you should do it with Monero, unless you want to end up on yet another list.”

With Monero [XMR] added to the list, Tor Project currently has nine cryptocurrencies that are accepted for donations. The other cryptocurrencies include, Augur [REP], Bitcoin [BTC], Litecoin [LTC], Stellar Lumens [XLM], Dash, Ethereum [ETH], ZCash [ZEC], and Bitcoin Cash [BCH].

Additionally, the project also created its own direct wallets for all the above cryptocurrencies. This would enable users to donate cryptocurrency directly to Tor Project, instead of relying on services provided by other parties such as BitPay, a Bitcoin payment service provider.



More so, the Fundraising Director of Tor Project, Sarah Stevenson, stated in a tweet that the Foundation would move away from BitPay, if people stopped using it. Talks pertaining to the Tor Project and BitPay are already making rounds, with the Director looking into Lightning Network as one of the replacement options.

Source: Twitter

Source: Twitter

Joecoin, another Redditor said,

“To get rid of Bitpay is as important as to get rid of Coinbase and I hope many companies and corporations follow this example. Bitpay and Coinbase both have business plans that are entirely obsolete if Bitcoin fulfills its promise as a p2p money. They are literally the natural enemies of Bitcoin.”





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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

Altcoins

EOS, Tron [TRX] and Ethereum [ETH] are top three cryptocurrencies, says China’s CCID Group

Akash Anand

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EOS, Tron [TRX] and Ethereum [ETH] adjudged top three cryptocurrencies by China's CCID Group
Source: Pixabay

Analysis of the cryptocurrency market by various global entities has been a standard procedure for a lot of organizations to keep track of the updates and developments in the field. One such major analyst is China’s CCID Group, which works under the Xi Jinping-led country’s Ministry of Industry & IT [MIIT].

In the latest edition of CCID’s Global Public Blockchain Technology Assessment Index, it was stated that EOS retained its title as the best cryptocurrency according to three factors assigned by CCID. The three factors were basic technology, applicability, and creativity, criteria that are aimed at assessing the most effective digital assets in the market right now.

In terms of basic technology, EOS scored a whopping 103.7, making it the only cryptocurrency to breach the 100-mark. It received a score of 20.2 and 24.7 when it came to applicability and creativity, respectively. The surprising result of this assessment was that Bitcoin [BTC], the largest cryptocurrency on the charts, did not even feature in the top-10 of the CCID rankings.

According to the analysis, Tron came in second with a Basic tech score of 95.6 and an applicability score of 24.3. Tron CEO Justin Sun had stated multiple times that EOS and Ethereum were Tron’s biggest competitors, but it turns out that it had the lowest creativity score among the three, clocking 24.1 to Ethereum’s 31.0.



The third-ranked cryptocurrency was Ethereum [ETH], sticking to the trend as all the three cryptocurrencies were focusing on DApps. Despite being third in the rankings, Ethereum had the lowest basic tech score, with its 76.6 being lower than that of relatively smaller coins like Steem and Ontology.

There seem to be some connection with DApps and the CCID rankings as these applications slowly entered the main fore in the cryptocurrency environment. Sources informed that Tron DApps had recently surpassed that of Ethereum and EOS in terms of weekly active and new users.





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