For those who have not heard of Bisq and what it is, let me first tell you about it. Bisq (formerly known as BitSquare) is a decentralized, peer-to-peer crypto-currency exchange operating over TOR and quoted as "an open-source desktop application that allows you to buy and sell bitcoins in exchange for national currencies, or alternative cryptocurrencies". This may seem similar to LocalBitcoins, but it works slightly differently. On both platforms, one has to find other users to trade with after creating an offer or finding an existing one. However, with Bisq, there is no need for registration, no single point of failure, and it’s completely private.
In Simple Terms:
- Bisq uses a P2P network over Tor. This means there are no servers to be hacked or DDoS’d.
- Bisq does not know the traders. No data is stored on who trades with whom.
- Bisq does not require registration. This means privacy is maintained, there are no “approval” wait times, and identity theft becomes impossible.
- The user doesn’t need to setup anything – all is integrated in the application.
Now guess what, DeepOnion has been listed on Bisq! All that you have to do is download 0.6.3 which includes DeepOnion from their website here. You can also watch the video guide by 'TheMonkii' here.
In my view this is great news for DeepOnion. It enforces the very idea DeepOnion was built for that is user privacy and anonymity. Allowing it to move a step closer and become the real, people's coin.
