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Home Latest News Bitcoin Crypto donations from Tor Project rose 23% in 2020

Crypto donations from Tor Project rose 23% in 2020

Bitcoin remained the most prominent cryptocurrency for the donors of the Tor Project in 2020, led by altcoins including Ether, Monero and Zcash.

According to new data, the cryptocurrency community doubled its support for privacy-centric programs such as Tor Browser in 2020.

In 2020, the Tor Project, a non-profit organization behind the encrypted Tor Browser, saw a 23% rise in donations from cryptocurrency. A Tor Project spokesman told Cointelegraph that donations from crypto-powered donations rose from $ 189,637 in 2019 to $ 233,019 in 2020.

Crypto donations cover almost 26 percent of all individual donations, which amounted to $913,110, according to a January 25 statement by the project. Bitcoin was the most popular cryptocurrency for their donors in 2020, according to a Tor Project representative, led by Ether and privacy-focused altcoins like Monero: “We have seen that Bitcoin remains the most popular cryptocurrency for our donors, followed by Ethereum and Monero — these two currencies are about evenly split for second most popular. Next most popular is Zcash.”

According to cointelegraph.com, the Tor Project originated as a significant non-profit Bitcoin friendly that began accepting BTC donations back in 2013. The Tor Project raised the number of supported donation cryptocurrencies in March 2019 by adding eight altcoins, including Ether, Bitcoin Cash, Litecoin, Dash, Stellar Lumens and others.

Apparently, in the crypto world, the project’s move to embrace further cryptocurrency for donations was widely appreciated as Bitcoin investors had an ability to preserve their BTC and instead donate in other digital currencies.

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