2 years ago
Crypto donations to privateness focussed non-profit The Tor Project surged 841% successful 2021 compared to the erstwhile year, according to a blog station from Monday.
The Tor Project is simply a non-profit which steers the improvement of the privateness web and web browser Tor. Tor aims to empower radical by helping them execute amended online privacy. On Jan. 31, the squad published the results of their biggest fundraising drive, which took spot implicit the past fewer months of the year.
Of $940,000 raised, 58% of donations were from cryptocurrencies. This is simply a overmuch larger percent compared to 2020, erstwhile donors sent $58,000 successful crypto.
"It's wide that cryptocurrency folks are highly philanthropic, and that they attraction profoundly astir privateness online," The Tor Project fundraising manager Al Smith told CoinDesk.
Of the crypto donations, 68% ($371,000) wherever successful the signifier of bitcoins, 28% ($154,000) were ether, 2% ($9,000) DAI, and 1% ($7l) was monero, a privacy-minded cryptocurrency.
The cryptocurrency assemblage is much privacy-conscious than most, arsenic is illustrated by bitcoin's creator, Satoshi Nakamoto, who hid his oregon her existent sanction and individuality erstwhile launching the integer currency backmost successful 2009.
The Tor web plays a large relation successful improving cryptocurrency privateness arsenic well. Bitcoin halfway nodes, which marque up bitcoin, gives the enactment to nonstop postulation implicit an encrypted privateness web to fell the node's IP addresses, shielding the nodes location. According to the bitcoin web tracking tract Bitnodes, much than 51% of nodes tally implicit the Tor network.
DISCLOSURE
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
Alyssa Hertig is simply a programmer and writer specializing successful Bitcoin and the Lightning Network. She's presently penning a publication exploring the ins and outs of Bitcoin governance. Alyssa owns immoderate BTC.
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