Silk Road Reloaded Ditches Tor and Accepts Multiple Cryptocurrencies

The Silk Road saga lives on, and this time, the code has been forked.
The newest Silk Road player, called Silk Road Reloaded (SRR), is distinctly different in at least two ways from previous Silk Road iterations.
First, the SRR is not run on the Tor network, as almost all other drug markets are. It is instead run on a lesser-known anonymizing network called the Invisible Internet Project, or ‘I2P’ for short. I2P was released in 2003 and, unlike Tor, its developers are pseudonymous and they don’t appear to be funded by a state.
Second, whereas previous Silk Roads accepted only Bitcoin for payment, SRR uses a wallet that supports multiple cryptocurrencies like Anoncoin, Darkcoin and Dogecoin. The wallet converts these currencies to Bitcoin and then delivers them to the user’s account balance for shopping.
What’s Good for Conversion Is Good for Bitcoin
Users wishing to pay in an altcoin on SRR are charged 1%. This minor loss in purchasing power incentivizes users to pay directly in Bitcoin, but also enables those who wish to use more anonymous currencies to do so.
A screenshot found of SRR’s store (populated only with sample products) shows that the marketplace functions with all the same safeguards as other successful markets: product ratings, seller reputations and product feedback sections.

This post was published at Coin Telegraph on 2015-01-13.

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