Fully decentralized privacy coin Utopia E-commerce is transforming the payments landscape. It solves the problem for consumers alike by enabling anonymous online shopping across more than 1,800 online stores.
The role of privacy in the online payments space needs to change. In today’s landscape, neither the consumer nor the merchant can benefit from any privacy, as everything is subject to online monitoring. Utopia offers an effective alternative solution that allows customers worldwide to make personal online payments without friction.
Utopia’s ever-evolving blockchain, launched in 2019 after nine years of development, is powering this approach. The network is home to two currencies: Crypton (CRP) and Utopia USD (UUSD). One can use both assets to buy goods and services online through third-party online trading platforms. More importantly, users benefit from unprecedented privacy, minimal fees and transaction settlement within one second.
Unlike public payment networks and blockchains, Utopia does not collect transaction metadata. There is no trace of a transaction size, date, participant information, amount etc Nor can anyone find these details through Transaction Explorer, as only parties to a transaction can access data about transfers. For everyone else, it’s as if nothing happened.
This approach introduces several benefits to consumers and traders. More specifically, store owners can provide a superior service to customers by guaranteeing top-notch security and anonymity while making purchases. No other payment service offers this unprecedented convenience, which adds to the appeal of Utopia and its native currency.
Participants in the Utopia ecosystem can unlock a variety of other benefits, including:
- A reliable network infrastructure with no downtime
- No transaction restrictions or know-your-customer requirements
- Fast transactions with minimal commissions through a highly-liquid network with built-in crypto exchanges
- Creating crypto cards for convenient online payments
- Issuance of voucher codes for offline transactions
- Built-in API and other tools for online merchants
The Utopia ecosystem, while targeting online merchants, offers other consumer-oriented solutions. That list includes a decentralized domain registry, private messaging, sending and receiving encrypted email, the Idol web browser, a Tor alternative, and more.
With its proof-of-stake and proof-of-resource algorithms and globally spread node network, Utopia rewards users for sharing their RAM and CPU resources every 15 minutes. There is a strong incentive to keep the network growing and pave the way for privacy-based payment solutions worldwide.
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 a wide range of payment options, makes Utopia a highly attractive tool for millions of online merchants worldwide.
Utopia is a decentralized ecosystem specifically designed 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 is developed by a group of networking technology enthusiasts. To avoid any influence on the project, the developers of Utopia will remain anonymous forever.
Official Utopia Website: https://u.is
Download Utopia: https://u.is/en/download.html
Crypto Exchange: https://crp.i
Disclaimer: This is a paid post and should not be considered news/advice.