The Zcash Foundation is in the latest cryptocurrency news for its decision to offer the privacy-focused open source browser TOR a sum of $50,000. The TOR Browser will receive the $50,000 from the foundation because of its vital security in this age – something that is seen by Zcash as revolutionary.
Furthermore, the Zcash Foundation has considered the TOR browser security vital at this age, where the rise of cryptocurrencies led to an extensive use of privacy centric browsers such as TOR. Still, the offering comes with the condition that TOR provides a detailed proposal that identifies the variable as well as the design options.
The attempt to gain detailed info about the TOR Browser could be a strategic move by the Zcash Foundation as analysts note – mainly because TOR is able to protect the identity and maintain the anonymity of its users because it is open source.
Known as ‘The Onion Routing’ this browser acts as an onion – having the same threat to any surveillance as the onion would to the eyes – which means that it stops people from being able to see properly by making us cry. Weird or not, TOR Browser will receive the $50,000 from Zcash because of its unique system which uses multiple servers around the world, acting as a virtual private network (VPN) which makes it difficult or impossible to track its users.
Additionally, the browser is used extensively to send cryptocurrency transactions. However, the disadvantage is the fact that cryptocurrencies use an open public ledger where the IP address by the user can still be seen (even though TOR masks it). This puts users at high risk and leaves them exposed.
Anyways, TOR Browser will receive $50,000 from the Zcash Foundation which has recognized the growth in the demand for privacy. As reports show, they are helping TOR by providing solutions with detailed information to the developers.
The offer by Zcash now can be considered pretty baseless – 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.’
All of this shows that the demand for TOR’s services is increasing in the blockchain news lately.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]