Fully Decentralized Privacy Coin Utopia Changing the e-commerce payment landscape. It solves problems for merchants’ customers, enabling anonymous online purchases at over 1,800 online stores.
The role of privacy in online payments needs to change. In today’s environment, neither consumers nor merchants benefit from any privacy because everything is monitored online. Utopia provides a viable alternative solution that enables customers around the world to make private online payments frictionlessly.
Utopia’s growing blockchain is powering this approach, launching in 2019 after nine years of development. The network has two currencies: Crypton (CRP) and Utopia USD (UUSD). Both assets can be used to purchase goods and services online through third-party online trading platforms. What’s more, users benefit from unprecedented privacy, lowest fees, and transactions completed in a second.
Unlike public payment networks and blockchains, Utopia does not collect transaction metadata. There is no trace of the size, date, participant information, amount, etc. of the transaction. There is also no way to view these details through the transaction browser, as only the parties to the transaction have access to the data about the transfer. For others, it’s as if nothing ever happened.
This approach offers various benefits for consumers and merchants. More specifically, store owners can offer customers a higher level of service while guaranteeing top-notch security and anonymity when purchasing. No other payment service offers these unprecedented benefits, enhancing the appeal of utopia and its national currency.
Utopian ecosystem participants can unlock various other benefits, including:
- Reliable network infrastructure without downtime
- No trading restrictions or know your customer requirements
- Trade fast with minimal commissions through a highly liquid network with built-in crypto exchanges
- Create crypto cards to facilitate online payments
- Issuing voucher codes for offline transactions
- Provides built-in APIs and other tools for online merchants
While the Utopia ecosystem has its place among online merchants, it also offers other consumer-facing solutions. The list includes decentralized domain registration, private messaging, encrypted email sending and receiving, the Idyll web browser, Tor alternatives, and more.
Utopia rewards users who share RAM and CPU resources every 15 minutes with its Proof of Stake and Proof of Resource algorithms and globally decentralized network of nodes. There is a strong incentive to continue to grow the network and help pave the way for privacy-oriented payment solutions around the world.
Utopia achieves privacy through dynamic multi-channel routing with MITM protection and various algorithms including Curve25519. XSalsa20 and Poly1305. A focus on privacy and anonymity, coupled with fast transaction settlement for a wide range of payment options, makes Utopia a very attractive tool for millions of online merchants around the world.
Utopia is a decentralized ecosystem designed to combat online surveillance and ensure the privacy of financial transactions.
Utopia’s desktop application is available in 29 languages for Windows, macOS and Linux. The ecosystem is developed by a group of web technology enthusiasts. To eliminate any impact 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
Cryptocurrency Exchanges: https://crp.i
Disclaimer: This is a paid post and should not be considered news/advice.