Buying goods and services online puts users under online surveillance. Utopia is the first viable solution to achieve anonymity in an online shopping environment, and over 1,800 merchants support it.
The global demand for privacy and anonymity during online shopping has never been greater. Online surveillance of consumers and their habits has gone on for years and becomes more invasive every quarter. Consumers and merchants want to explore new ways to provide privacy and anonymity, and Utopia is the solution they pay attention to.
Thanks to its unprecedented privacy and unique blockchain technology, Utopia continues to turn heads. The expansive ecosystem was in development for nearly a decade when it was released to the public in 2019. Its two native currencies – Crypton (CRP) and Utopia USD (UUSD) – benefit from rapidly growing adoption. That growth is facilitated by online store owners and merchants, as they want to provide a better user experience.
Furthermore, Utopia has strategic partnerships and agreements to ensure the ongoing adoption of its currencies. It makes for an excellent payment method thanks to low commission and transaction settlement in under a second. More importantly, consumers achieve complete peace of mind while shopping online.
A crucial benefit of Utopia is that the network does not record or share transaction metadata. No one can look up transaction amounts, dates, or account information. Furthermore, there is no point in using a Transaction Explorer, as no one can look up external information. Active parties in a transaction can look up details about their transaction but have no access to anything else.
Other benefits of Utopia include:
- Peer-to-peer network to avoid congestion
- No limits on transactions and no KYC requirements
- Top-tier liquidity
- Support for crypto payment cards to streamline payments and invoicing
- Generating and redeeming voucher codes in an offline transaction setting
- Built-in API and crucial tools for merchants and store owners.
In the ever-competitive world of eCommerce, merchants need to gain an edge over other entities. Enabling Utopia as a payment method creates a significant advantage. Many consumers are privacy-cautious and will not rely on traditional payments. Utopia, either through Crypton or Utopia USD, can offer those consumers the tools they need to make online transactions in peace.
There is more to Utopia than just payments, though. The ecosystem also spans a decentralized domain registry, a Tor alternative, an anonymous web browser, and multiplayer games, among other features.
Utopia relies on Proof-of-Stake and Proof-of-Resources algorithms to achieve decentralized network consensus. Users who share their CPU and RAM resources will earn network rewards every 15 minutes, enabling the network to provide anonymity to shoppers and people communicating over the network via VoIP or instant messaging.
Under the hood, Utopia relies on dynamic multi-link routing, protecting against MITM attacks. Additionally, the various algorithms – Curve25519, XSalsa20, and Poly1305 – ensure around-the-clock encryption, signing, and authentication of network packs, objects, and peer connections.
As over 1,800 merchants now accept Utopia as a payment method, the era of privacy-focused eCommerce is around the corner. Transaction finality in under one second at virtually zero fees is a very appealing combination. In addition, the growing number of payment solutions – including vouchers and payment cards – benefit both consumers and store owners.
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.is