Utopia, a decentralized ecosystem specifically developed to combat online surveillance and ensure the privacy of financial transactions, has been integrated by over 1800 online stores. Shopping using Utopia, one of the most confidential online payment methods, is now available to the online community worldwide.
An unprecedented level of privacy offered by Utopia was made possible by a unique blockchain developed over 9 years and launched in 2019. Steady development and proven track record have led to Crypton (CRP) and Utopia USD (UUSD) adoption by an increasing number of merchants. To take partnership to a new level, in June 2022, Utopia signed several agreements and now is widely accepted as a payment method. Customers can take advantage of low commissions and instant privacy-protected payments while paying for a wide array of goods and services.
The mechanism of payment confidentiality by Utopia is the following: absolutely no metadata, such as transferred amount, transaction date or account information. Utopia is the only decentralized blockchain where Transaction Explorer cannot be implemented. Network participants that are not the party to the transaction cannot see any transaction details.
By adding Utopia as a mean of payment merchants gains access to a privacy cautious target audience. Utopia’s explosive growth presents a unique opportunity for merchants to capitalize on what the most promising ecosystem has to offer.
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 money transfers.
- Desktop GUI and console software, built-in API and tools for merchants.
Other Utopia ecosystem components include a decentralized form of DNS (domain registry), multiplayer games, Tor alternative secure network, and Idyll browser created to surf deep sites hosted inside Utopia ecosystem. Utopia USD (UUSD) stablecoin and Crypton are built upon Utopia’s serverless, peer-to-peer blockсhain, which currently powers an all-in-one kit for secure instant messaging, encrypted email, voice communication and private web browsing.
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.
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.
The high speed of transaction processing (less than 1 second) combined with outstanding privacy, anonymity, and security provides the ecosystem with bullet-proof financial transaction capabilities. Add Interest payments, Crypto Cards, Merchant Invoices, and uVouchers to this and you get the most advanced decentralized payment system.