Crypto Donations to Tor Surged 841% in 2021
Crypto donations to privacy focussed non-profit The Tor Project surged 841% in 2021 compared to the previous year, according to a blog post from Monday.
The Tor Project is a non-profit which steers the development of the privacy network and web browser Tor. Tor aims to empower people by helping them achieve better online privacy. On Jan. 31, the team published the results of their biggest fundraising drive, which took place over the last few months of the year.
Of $940,000 raised, 58% of donations were from cryptocurrencies. This is a much larger percentage compared to 2020, when donors sent $58,000 in crypto.
“It’s clear that cryptocurrency folks are extremely philanthropic, and that they care deeply about privacy online,” The Tor Project fundraising director Al Smith told CoinDesk.
Of the crypto donations, 68% ($371,000) where in the form of bitcoins, 28% ($154,000) were ether, 2% ($9,000) DAI, and 1% ($7l) was monero, a privacy-minded cryptocurrency.
The cryptocurrency community is more privacy-conscious than most, as is illustrated by bitcoin’s creator, Satoshi Nakamoto, who hid his or her real name and identity when launching the digital currency back in 2009.
The Tor network plays a big role in improving cryptocurrency privacy as well. Bitcoin core nodes, which make up bitcoin, gives the option to send traffic over an encrypted privacy network to hide the node’s IP addresses, shielding the nodes location. According to the bitcoin network tracking site Bitnodes, more than 51% of nodes run over the Tor network.
The Tor Project first started accepting bitcoin donations in 2013, before expanding to accept nine other cryptocurrencies in 2019.