Big Tech</strong></strong></a> companies develop data analysis tools and utilize data economics to increase profits.</p>\n<p>Users on digital platforms must consent to be the co-actors regarding their data storage, management, and sharing. They take responsibility for their data use, ensuring it is not utilized maliciously. The privacy policy agreements of different platforms confirm that the users consent to the co-act role.</p>\n<p><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decentralization/">Decentralized technologies, based on the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-blockchain/">blockchain framework</strong></a>, offer users complete ownership over their own data. 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web that is not navigable, and the dark web is a subdivision of the deep web that requires users to utilize a specific software to reach.</p>\n<p>Speaking of cryptocurrencies like <strong><a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin (BTC),</strong> these are often the most popular means of exchange for transactions on the dark web because of their secrecy, virtual, and no need for permission aspects.</p>\n<p>Nevertheless, people tend to assume that the dark web is focused on online marketplaces for drugs, trading stolen information, and other illegal actions. But it isn&rsquo;t always the case, there are <strong>legitimate activities that are also happening within the dark web.</strong></p>\n<p><strong>Tor</strong> is a particularly developed network that assists in accessing the dark web. It offers private access, and The Invisible Internet Project (I2P), which enables the anonymous hosting of websites.</p>\n<p>To put things into perspective, there are numerous degrees of encryption of the dark web, which plans the engagements through large numbers of volunteer nodes. Every new node adds an additional degree of encryption and makes sure that the identities and locations of users are completely private.</p>\n<p>It is difficult for hosts or visitors to the dark web pages to obtain any private information about one another. That is, they can converse anonymously. Besides, this anonymity allows users to freely exchange ideas and information.</p>\n<p>However, as some researchers claim, this leads to a slew of <strong>unlawful and even unethical behaviors</strong> on dark web markets, such as the sale of guns, drugs, or child pornography.</p>","level":"easy","meta_title":"What is Dark Web? Definition & Meaning | Crypto Wiki","meta_description":"Dark Web meaning: Dark Web - is an encrypted online material that is not indexed or recorded by traditional search engines and can only be accessed using particular authorizations.","meta_keywords":null,"language":"en","created_at":"2022-03-01T13:35:00.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-dark-web"},"prevSection":{"id":228,"original_id":null,"author_id":41,"translator_id":null,"title":"What is DAO Summoning?","slug":"what-is-dao-summoning","section":"D","keyword":"DAO Summoning","status":"published","definition":"the creation of a decentralized autonomous organization (DAO).","content":"<p><strong>DAO summoning</strong> refers to the act of forming a new <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-are-decentralized-autonomous-organizations-dao/">decentralized autonomous organization (DAO)</strong></a>. While the term can apply to the creation of any new DAO, it is most often used when talking about <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-moloch-dao/">Moloch DAO</strong></a>.</p>\n<p>Moloch DAO was the first decentralized autonomous organization to be summoned. The summoning was initiated by Ameen Soleimany on February 14th, 2019, <strong>at the ETHDenver event</strong>.</p>\n<p>The process of DAO summoning is fast, as the infrastructure can be deployed in a few seconds using tools that have been developed to optimize the process.</p>\n<p>Summoning refers to the urgency of creating a new DAO by bringing the community together to work on a collective purpose, <strong>nurture the same values</strong>, and share the ownership of the fundamental idea of the DAO.</p>\n<p>The choice of vocabulary is a deliberate contract to the terminology used to describe new formations of traditional companies which are not community-driven and instead are corporate-owned. In this case, more utilitarian vocabulary such as <strong>&ldquo;fund&rdquo;</strong> or &ldquo;start&rdquo; is used.</p>\n<p>DAO summoning can also be used to describe the process of assembling the new members of a newly established DAO. The entity in the role of the DAO summoner calls on the community members to join the organization. This leads to the first cohort of DAO members.</p>\n<p>The early versions of the Moloch DAO framework established that <strong>the DAO summoner was the only initial member of the organization in its infancy</strong>. This led to the requirement to bring new members into the organization.</p>\n<p>Starting with version 2.1 of the Moloch DAO framework, multiple initial members have been granted permission to summon a new DAO. This process is referred to as &ldquo;multi-summoning&rdquo;.</p>","level":"easy","meta_title":"What is DAO Summoning? Definition & Meaning | Crypto Wiki","meta_description":"DAO Summoning meaning: DAO Summoning - the creation of a decentralized autonomous organization (DAO).","meta_keywords":null,"language":"en","created_at":"2022-03-01T09:43:16.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-dao-summoning"},"currentChapter":"D","currentSection":"what-is-data-privacy","chapterTitle":"D","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-data-privacy","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Crypto Terms: Letter D

What is Data Privacy?

Data Privacy MEANING:
Data Privacy - the handling of sensitive data for security and protection.
Easy
1 minute

Let's find out Data Privacy meaning, definition in crypto, what is Data Privacy, and all other detailed facts.

Data privacy is the protection and security of the personal data of users. This encompasses the handling of sensitive user data, consent, and regulatory requirements.

Data handling covers three categories:

  • Traditional data protection (backup and file restoration)
  • Data security
  • Data privacy

According to data privacy and protection principles, digital entities are the sole actors who must handle their personal data. Furthermore, they must fully comply with any privacy laws.

Data plays a significant role in the current digital ecosystem, as large data units are treated as valuable assets. Big Tech companies develop data analysis tools and utilize data economics to increase profits.

Users on digital platforms must consent to be the co-actors regarding their data storage, management, and sharing. They take responsibility for their data use, ensuring it is not utilized maliciously. The privacy policy agreements of different platforms confirm that the users consent to the co-act role.

Decentralized technologies, based on the blockchain framework, offer users complete ownership over their own data. This means that the data privacy principles of centralized digital technologies do not apply to blockchain.

However, there is an aspect of data transparency in blockchain networks that makes transaction data visible to all users. User identity can be protected if their full name is not linked to their cryptocurrency wallet address. Otherwise, this information can be readily available to other members of the network.

Some platforms like cryptocurrency exchanges require users to follow the Know Your Customer (KYC) procedures which require them to reveal their identities. To maintain their personal privacy, users may utilize decentralized tools such as privacy coins, private wallets, or mixers.