Like any modern Country, Deep Web has its own currency! The Currency as you may have guessed it is called BitCoin!
Bitcoin is a peer-to-peer payment system and digital currency introduced as open source software in 2009 by pseudonymous developer Satoshi Nakamoto. It is a cryptocurrency, so-called because it uses cryptography to control the creation and transfer of money. Conventionally, "Bitcoin" capitalized refers to the technology and network whereas lowercase "bitcoins" refers to the currency itself.
Bitcoins are created by a process called mining, in which participants verify and record payments in exchange for transaction fees and newly minted bitcoins.Users send and receive bitcoins using wallet software on a personal computer, mobile device, or a web application. Bitcoins can be obtained by mining or in exchange for products, services, or other currencies.
Bitcoin has been a subject of scrutiny due to ties with illicit activity. In 2013, the US FBI shut down the Silk Road online black market and seized 144,000 bitcoins worth US$28.5 million at the time. The US is considered Bitcoin-friendly compared to other governments, however. In China, new rules restrict bitcoin exchange for local currency, the European Banking Authority has warned that Bitcoin lacks consumer protections, and the Canadian government announced that they intend track and regulate large virtual currency transactions as part of an update to laws on money laundering and terrorism prevention. Bitcoins can be stolen, and chargebacks are impossible.
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