- The Zcash Foundation has offered the privacy-focused open-source browser TOR a $50,000.
- Zcash, a cryptocurrency foundation, has considered the TOR browser’s security vital at this age.
- The TOR browser is also used extensively used to send Cryptocurrency transactions.
The Zcash Foundation has offered the privacy-focused open-source browser TOR a $50,000, but they have some terms that they want TOR to accept.
Zcash, a cryptocurrency foundation, has considered the TOR browser’s security vital at this age, where the rise of Cryptocurrencies has led to extensive use of privacy-centric browsers like TOR. But the offering comes with the condition that TOR provides a detailed proposal that identifies the variable and design options.
This attempt to gain detailed info about TOR could be a very strategic move by the Zcash foundation because TOR is able to protect the identity and maintain the anonymity of its users due to the fact that it is open source.
TOR, which is expanded to ‘The Onion Routing,’ essentially acts as an onion, sounds weird? Well, it posses the same threat to any surveillance as the onion would to the eyes, meaning it stops us from being able to see properly by making us cry. TOR uses multiple servers around the globe and acts as a virtual private network (VPN), making it difficult to impossible to track its users.
The TOR browser is also used extensively used to send Cryptocurrency transactions. But because the Cryptocurrencies use an open public ledger, the user’s IP(Internet protocol) address, even though TOR masks it, can be determined. This puts the users at quite a big risk and leaves them exposed whilst under the impression that the TOR’s vast network securely protects them.
In recent times, the increased demand for the TOR browser has caused quite a number of problems for the TOR foundation and their network.
The Zcash Foundation has rightly recognized this growth in the demand for privacy. They are helping TOR by providing solutions with detailed information to the developers. The proposal by the Zcash foundation has been termed ‘the walking onion.’
TOR’s users have to download the entire list of relays and have to keep updated with the status of each relay. To use the TOR network, which, according to Zcash, is a major issue in the TOR network.
The Zcash foundation’s offer can be considered pretty baseless as they offer to remove the list of all the TOR exclusive servers and allow TOR to connect to multiple other clients ‘without the reduction in privacy and security of the users.’
Since many privacy cryptos have been attacked in recent times, there is an expected high growth in the demand of the TOR’s services that can at least do a little to increase privacy. Even though the crypto community can benefit from the Walking Onions project, it is pretty against the ‘why’ for which TOR was actually created.