Fully decentralized privacy currency Utopia transforms the e-commerce payment landscape. It solves issues for customers for merchants alike, enabling anonymous online purchases across over 1,800 online shops.
The role of privacy in the online payment space needs to change. In today’s landscape, neither consumers nor merchants can benefit from any privacy, as everything is subjected to online monitoring. Utopia offers a viable alternative solution that lets global customers make private online payments without friction.
Utopia’s ever-evolving blockchain is powering this approach, launched in 2019 after nine years of development. The network is home to two currencies: Crypton (CRP) and Utopia USD (UUSD). One can use both assets to purchase goods and services online through third-party online trading platforms. More importantly, users benefit from unprecedented privacy, minimal fees, and transactions settling in under one second.
Unlike public payment networks and blockchains, Utopia does not collect transaction metadata. There is no trace of a transaction’s size, date, participant information, amount, etc. Nor can one look up these details through a Transaction Explorer, as only the parties to a transaction can access data about a transfer. For everyone else, it is as if nothing ever happened.
That approach introduces various benefits to consumers and merchants. More specifically, store owners can provide a higher service level to customers while guaranteeing top-notch security and anonymity while purchasing. No other payment service provides these unprecedented benefits, enhancing the appeal of Utopia and its native currencies.
Utopia ecosystem participants can unlock various other benefits, including:
- A reliable network infrastructure with no downtime
- No transaction restrictions or Know-Your-Customer requirements
- Fast transactions at minimal commission through a high-liquidity network with a built-in crypto exchange
- Creating crypto cards for convenient online payments
- Issuing voucher codes for offline transactions
- Built-in API and other tools for online merchants
The Utopia ecosystem, while gaining ground among online merchants, provides other consumer-oriented solutions. That list includes a decentralized domain registry, private messaging, encrypted email sending and receiving, the Idyll web browser, a Tor alternative, etc.
With its Proof-of-Stake and Proof-of-Resources algorithms and globally dispersed node network, Utopia rewards users for sharing their RAM and CPU resources every 15 minutes. There is a strong incentive to keep growing the network and help pave the way for global privacy-oriented 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 transaction settlement across extensive payment options, makes Utopia a very appealing tool for millions of online merchants worldwide.
Utopia is a decentralized ecosystem specifically developed to combat online surveillance and ensure the privacy of financial transactions.
Utopia’s desktop application is available for Windows, macOS, and Linux in 29 languages. The ecosystem has been developed by a group of networking technology enthusiasts. To eliminate any impact on the project, developers of Utopia will forever remain anonymous.
Official Utopia website: https://u.is
Download Utopia: https://u.is/en/download.html
Crypton Exchange: https://crp.i