The cryptocurrency neighborhood has been doubling down on its help to privacy-centric purposes like Tor Browser in 2020, in accordance with new knowledge.
The Tor Mission, a non-profit group behind the nameless Tor Browser, noticed a 23% improve in cryptocurrency donations in 2020. A spokesperson on the Tor Mission informed Cointelegraph that crypto-powered donations surged from $189,637 in 2019 to $233,019 in 2020.
In accordance with a Jan. 25 announcement by the mission, crypto donations made up almost 26% of complete particular person donations, which amounted to $913,110. In accordance with a Tor Mission consultant, Bitcoin (BTC) was the preferred cryptocurrency for his or her donors in 2020, adopted by Ether (ETH) and privacy-focused altcoins like Monero (XMR):
“We’ve got seen that Bitcoin stays the preferred cryptocurrency for our donors, adopted by Ethereum and Monero — these two currencies are about evenly break up for second hottest. Subsequent hottest is Zcash.”
The Tor Mission has emerged as a significant Bitcoin-friendly nonprofit, having started accepting BTC donations again in 2013. In March 2019, the Tor Mission expanded the variety of supported cryptocurrencies for donations, including eight altcoins including Ether, Bitcoin Money (BCH), Litecoin (LTC) Sprint (DASH), Stellar Lumens (XLM) and others.
The mission’s transfer to help extra cryptocurrencies for donations was apparently broadly appreciated within the crypto neighborhood as Bitcoin holders bought a possibility to maintain their BTC and donate in different digital currencies as a substitute. In September 2019, Matt Odell, a Bitcoin maximalist and co-host of the Tales from the Crypt podcast, urged the community to support the Tor Project with altcoins, not Bitcoin. “Donate shitcoins. stack sats,” Odell wrote in his XLM transaction to the Tor Mission.
Cryptocurrencies like Bitcoin have been changing into more and more well-liked as a software for donations in 2020. Dave Portnoy’s Barstool Fund — an initiative to help small companies impacted by the COVID-19 pandemic — started accepting crypto donations via The Giving Block in late 2020.