Monero [XMR] acceptance for Tor network may push the adoption rate

Fibo Quantum

 

The Tor network, namely, TitoMedusDomain is domains registrar and seller that has accepted Monero [XMR] as the primary payment mode. Only with the assistance of the popular Tor browser, the network can be accessed. The company has declared on Reddit about TitoMedusDomain’s stance to accept Monero [XMR], which may positively impact its adoption rate.

Monero [XMR] is adopted as the mode of primary payment by the Tor network for purchasing .onion domains. Thus, any individual who is inclined towards having a domain based on Tor network that is readable by human must adopt Monero [XMR].

See also: Monero wallet vulnerability allowed Hackers to steal XMR from exchanges

The original feature of Tor domains involves its non-readable and brandable nature. This is due to their automatic generation and their composition of numbers and letters which are difficult to memorise. This is exactly where the newly released TitoMedusDomain differs as they are not just brandable Tor domains but also readable by humans.

The Reddit Post

According to the Reddit post, “We provide already pre-generated domains, and we also generate custom domains. We think that easily rememberable domains could help increase adoption of Tor network. Currently, Monero (XMR) is the only supported currency.”The acceptance of this digital token has a possibility to positively impact the adoption rate of Monero [XMR].

With respect to the decentralised nature and privacy, Monero [XMR] is highly commendable among all the digital currencies. It currently occupies 13th position in the list of all cryptocurrencies with a valuation of $116.29. The trading volume of the coin in the last 24 hours has been $21.68 million whereas, its market capitalisation is $1.89.

See also: Monero [XMR] mining malware attack claims 200,000 victims

Individuals who are particular about the privacy issues of the day-to-day browsers and seeks world wide web navigation anonymously accept the Tor network. There is, indeed, a common ground that is shared between Monero [XMR] and Tor network. The first point of commonality is their decentralised nature. And the second point is that both are dedicated to improve the privacy requirements of the users.

Image via Shutterstock

Join our Telegram group

Wood Profits Banner>