A fully decentralized privacy currency Utopia is transforming the e-commerce payment landscape. It solves problems for buyers and merchants, enabling anonymous online shopping at over 1,800 online stores.
The role of privacy in the online payment space needs to change. In today’s environment, neither consumers nor merchants can benefit from any privacy, as everything is subject to online surveillance. Utopia offers a viable alternative solution that enables global customers to make private online payments without friction.
Utopia’s ever-evolving blockchain powers this approach, launched in 2019 after nine years of development. The network is home to two currencies: Crypton (CRP) and Utopia USD (UUSD). Both means can be used to purchase goods and services online through third-party online shopping platforms. More importantly, users benefit from unprecedented privacy, minimal fees and transactions that complete in less than a second.
Unlike public payment networks and blockchains, Utopia does not collect transaction metadata. No trace of transaction size, date, participant information, amount, etc. Nor can these details be searched through Transaction Explorer, as only the parties to the transaction can access the transfer data. For everyone else, it’s as if nothing happened.
This approach introduces various benefits for consumers and merchants. More precisely, store owners can provide a higher level of service to customers, while guaranteeing the highest level of security and anonymity when shopping. No other payment service provides these unprecedented benefits, increasing the appeal of Utopia and its native currencies.
Participants in the Utopia ecosystem can unlock a variety of other benefits, including:
- Reliable network infrastructure without downtime
- There are no transaction limits or know-your-customer requirements
- Fast transactions with minimal commission through a highly liquid network with a built-in crypto exchange
- Creating crypto cards for convenient online payment
- Issuance of voucher codes for offline transactions
- Built-in API and other tools for online merchants
The Utopia ecosystem, while expanding among online retailers, also provides other consumer-oriented solutions. That list includes a decentralized domain registry, private messaging, encrypted email sending and receiving, Idyll web browser, Tor alternative, etc.
With its Proof-of-Stake and Proof-of-Resources algorithms and a globally dispersed network of nodes, Utopia rewards users for sharing their RAM and CPU resources every 15 minutes. There is a strong incentive to continue growing the network and help pave the way for privacy-oriented global payment solutions.
Utopia achieves privacy through dynamic multi-channel routing with MITM protection and various algorithms, including Curve25519. XSalsa20 and Poly1305. The focus on privacy and anonymity, combined with fast settlement of transactions through extensive payment options, makes Utopia a very attractive tool for millions of online merchants around the world.
Utopia is a decentralized ecosystem specifically developed to combat online surveillance and ensure the privacy of financial transactions.
The Utopia desktop application is available for Windows, macOS and Linux in 29 languages. The ecosystem was developed by a group of network technology enthusiasts. To eliminate any influence on the project, the developers of Utopia will remain anonymous forever.
Utopia Official Website: https://u.is
Download Utopia: https://u.is/en/download.html
Crypton Exchange: https://crp.i
Disclaimer: This is a paid post and should not be treated as news/advice.