It is specifically developed to combat online tracking and ensure the privacy of financial transactions. Shopping with Utopia, one of the most confidential online payment methods with over 1800+ online stores. Now available to the online community worldwide.
The unique blockchain developed over 9 years and launched in 2019 made it possible. Steady growth and a proven track record have resulted in Crypton (CRP) and Utopia USD (UUSD) being adopted by a growing number of traders. To take the partnership to a new level, in June 2022, Utopia signed several agreements and it is now widely accepted as a payment method. This allows customers to take advantage of low commissions and instant payments protected by privacy while paying for a wide range of products and services.
The payment confidentiality mechanism through Utopia is as follows: absolutely no metadata, such as transferred amount, transaction date or account information. It is the only decentralized blockchain where Transaction Explorer cannot be implemented. Network participants who are not parties to the transaction are not allowed to see any transaction details.
Through Utopia as a payment method. Merchants gain access to a privacy-conscious target audience. The explosive growth of Utopia is an opportunity. Ecosystem that offers unique services for merchants.
Some of Utopia’s key benefits:
- No network congestion by design through P2P infrastructure.
- No KYC or transaction limits within the ecosystem.
- High liquidity and internal exchange for fast transfers in/out of the ecosystem.
- Crypto cards for simpler payments and invoicing.
- Voucher code generation and redemption enable offline and paper transfers.
- Desktop GUI and console software, built-in API and tools for merchants.
Other parts of the ecosystem are a decentralized form of DNS (domain registry), multiplayer games, the Idyll browser (Tor alternative) created to surf deep sites hosted within Utopia ecosystem. The Utopia USD (UUSD) stablecoin and Crypton (CRP) are built on Utopia’s serverless, peer-to-peer blockchain, which currently powers an all-in-one kit for secure instant messaging, encrypted email, voice communication and private web browsing.
The desktop application of Utopia 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.
Utopia’s blockchain is based on Proof-of-Stake and Proof-of-Resources algorithms. Nodes are located around the globe and participate in packet routing and validation receiving a reward every 15 minutes (block generation time) by providing internet connectivity, RAM and CPU resources. Each ecosystem user’s privacy is protected by utilizing a dynamic multi-link routing engine with MITM (man-in-the-middle) attack protection. Curve25519, XSalsa20 and Poly1305 algorithms are used to encrypt, sign and authenticate packets, objects and connections between peers.
High speed of transaction processing (less than 1 second) combined with outstanding privacy, anonimity and security provides the ecosystem with bullet-proof financial transactions capabilities. Add Interest payments, Crypto Cards, Merchant Invoices and uVouchers to this and you get the most advanced decentralized payment system.