2017 has been a great year for cryptocurrency. As well as the tremendous market gains that cryptocurrencies such has Bitcoin have experienced, cryptocurrency has proved invaluable in being able to protect user anonymity and security. In a world in which our online privacy is seemingly being eroded by centralized entities, the decentralized nature of cryptocurrency promises to give control back to the user.
You can really appreciate the need for greater user anonymity when you realize what centralized entities such as Facebook and Youtube are doing with our data. When you use Facebook, you are commenting on posts, liking posts, and generally giving information away on who you are. Facebook will store this data on you, and then sell it to third parties such as advertisers. These third parties will then use this data to tailor their ads that align with your interests. For many, this is an uncomfortable thought, as Facebook and these third-party advertisers are essentially exploiting and profiting from your data. Being an anonymous user prevents this, by ensuring that your information is encrypted and secured.
Cryptocurrency & VPNs
Bitcoin was the first cryptocurrency that showed us how cryptography and blockchain technology could be used to bolster user anonymity. If you want to transact using Bitcoin, then you can do so through a Bitcoin address, which is not linked to any of your personal information. However, it has soon become clear that Bitcoin is more pseudonymous than it is truly anonymous. This has contributed to the rise of cryptocurrencies such as Monero and Zcash, that offer much greater user anonymity than Bitcoin. By using cryptocurrencies such as Monero and Zcash, users have much more security and privacy protection when transacting online.
Combining cryptocurrency with a VPN (Virtual Private Network) further increases a user’s anonymity when using the internet. A VPN works by masking your IP (Internet Protocol) address so that your online activities are virtually impossible to trace. The major benefit of using a VPN is that it is securing your internet connection, thereby guaranteeing that all of your data is encrypted and secured from outside parties. In the same way that cryptocurrency offers privacy protection when transacting and making online payments, a VPN offers protection for your internet access. Using a combination of both an anonymized cryptocurrency and a VPN ensures maximum user anonymity when it comes to your online activities.
Deciding on which cryptocurrency to use when transacting anonymously online is a fairly straightforward task, cryptocurrencies such as Monero and Zcash are currently one of the best mediums to use. However, deciding on a VPN can be a considerably more challenging task given the amount of options available. One service that can be recommended is TorGuard. As well as offering a host of other services such as anonymous email, and anonymous proxy, TorGuard also offers a distinguished VPN service. TorGuard has over 1250 servers in more than 42 different countries, which ensures that your internet connectivity is thoroughly secured. More importantly, TorGuard is one of the only VPN providers that allows users to transact using cryptocurrency. As you will find, anonymous cryptocurrencies such as Monero and Zcash are on TorGuard’s list of accepted cryptocurrencies!
You can find out more about TorGuard’s VPN services here.
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