Decentralized Currencies: The Darknet, as the name goes, is often seen by many people as a dark side with no bright element. Under the cyberspace, the Darknet is also regarded as a narrow, sordid lane that we get instructed to stay away from.
Numerous criminal incidents in the Darknet have given many people the impression thatonly illegal activities such as drug dealings, human traffickers, terrorists, arms dealers, and child pornographers go on in the anonymous place.
Ultimately, Darknet has become the hidden business center for criminals, and in every business, a medium of exchange is needed. Cryptocurrency, particularly Bitcoin, becomes the primary medium for trade on the Darknet because of its decentralized status.
Although most of the badnews and dark stories around the Darknet are factual, some reasons give the Darknet a bright side. Therefore, let’s take a look at the use of Decentralized Currencies and other elements that provide some light to the total darkness in the Darknet.
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The Use of Decentralized Currencies (Cryptocurrency)
In the Darknet, you can get anything you want at a price, and ever since Silk Roadmade the use of bitcoin for its online transactions very exciting, cryptocurrencies have been the primary medium of exchange for most markets on the Darknet. The freedom from centralized control is the key reason why cryptocurrencies,especially bitcoin arethe most sought after in the Darknet.
Cryptocurrency, unlike other payment systems, has its transaction recorded in Blockchain ledgers. This means cryptocurrency has all of its records stored in public databases and kept by cryptography. What this does is it allows privacy in financial transactions and easy global trade.
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The Bright Side of the Darknet
- A Place of Privacy – Most people browse the web without having no idea that every action they take is being followed and monitored by third parties. And even if they know of a third party watching, they don’t have much understanding of the trouble that brings. There is constant scrutiny from bodies such as the governments, advertisers, service providers, and so on. Explicitly, there is nothing on the web which is private, except you ride on the crooked Darknet road. The Darknet provides its users with absolute privacy.
- Free Data Sharing – Incase you hold any information you wish to share freely or data you want to give out with no interference, then the Darknet is the right place to be. All kinds of data are sold or shared on the Darknet. Whether conspiracies against states and authorities or disclosure of secret data of companies and private individual data, the Darknet provides channels for forums, media, peer, and activist groups that you can safely and efficiently exchange such sensitive data or information. And the best part is you stay anonymous.
Also, since the Darknet is a secret place, you need a VPN to enter, which takes away any fear of a third party watching or tracking your activities online. And as the Darknet exists outside of the noted internet, it becomes a place you can be free online.
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