Crypto donations to privacy-focused nonprofit organization The Tor Project increased 841% in 2021 compared to the previous year, according to a Monday weblog post.
The Tor Project is a nonprofit organization that leads the development of the Tor privacy network and internet browser. Tor is intended to empower people by helping them improve their online privacy. On January XNUMX, the team announced the results of its largest fundraising campaign, which took place in the last months of the year.
Of the €940,000 collected, XNUMX% of the donations came from cryptocurrencies. This is a considerably higher percentage compared to XNUMX, when donors sent fifty-eight zero dollars worth of cryptocurrencies.
“There is no question that cryptocurrency people are outrageously philanthropic and care deeply about online privacy,” Al Smith, director of fundraising for the Tor Project, told CoinDesk.
Of the cryptocurrency donations, sixty-eight percent (€371 nil) was in the form of bitcoin, twenty-eight percent (€154 nil) was ether, two percent (€9000) was DAI, and 1% (€7l) was it was cryptomonero, a privacy-conscious cryptocurrency. .
The cryptocurrency community is more privacy-conscious than most, as evidenced by Bitcoin author Satoshi Nakamoto, who hid his real name and identity when he launched the digital currency in XNUMX.
The Tor network also plays an essential role in improving the privacy of cryptocurrencies. Bitcoin master nodes, which make up Bitcoin, offer the ability to send traffic through an encrypted privacy network to hide the IP addresses of the nodes, thereby safeguarding the location of the nodes. According to the bitcoin network monitoring site Bitnodes, more than fifty-one% of the nodes run on the Tor network.
The Tor Project started accepting bitcoin donations in 9, before expanding to support XNUMX more cryptocurrencies in XNUMX.