The Tor Project, the nonprofit organization behind the anonymous network Tor, announced that it now accepts Bitcoin donations via the Lightning Network.
The organization announced on Nov. 19 that it will accept Lightning Network donations as part of Bitcoin Tuesday, a fundraising initiative led by the crypto-for-charity organization The Giving Block.
Tor recommended the BottlePay wallet for donations, which allows users to search for The Tor Project inside it and send crypto without copying and pasting addresses.
The Lightning Network is a layer-2 payment protocol for the Bitcoin network that aims to expedite payments and address the network's scalability problem.
The service also allows public donations through a tweet.
The wallet also enables its users to donate Bitcoin directly, or automatically convert United States dollars, euros, pound sterlings, Australian dollars, Brazilian reals, Canadian dollars, Swiss francs and 15 more fiat currencies.
The development of the Tor network is mostly financed by U.S. government agencies after its parent technology, onion routing, was first funded by the U.S. Office of Naval Research in 1995.
Despite financial support from official organizations, the technology has been widely applied on the dark web for illicit sites and services like the Silk Road. On the other hand, the network is also used by political dissidents living under oppressive regimes and by whistleblowers looking for a way to anonymously expose official wrongdoing to WikiLeaks and similar services.
Since the Tor network is used as a way to ensure privacy both in communications and transactions by the use of cryptocurrency - often by people who rely on its efficacy for their safety - its users are frequently targeted by hackers.
As Cointelegraph reported in mid-October, major antivirus software supplier ESET discovered a trojanized Tor Browser designed to steal Bitcoin from buyers in the darknet.
Tor Project Now Accepts Bitcoin Over Lightning Network
Published on Nov 20, 2019
by Cointele | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.