Utopia, a project with a decentralized and peer-to-peer ecosystem, has been developing the project since 2013 and officially released its platform in November 2022. The project provides access to secure and surveillance-resistant communications and finance.
The project has also successfully launched the stablecoin Utopia USD, also known as UUSD. The launch of Utopia USD will be supported by a massive airdrop campaign and several marketing initiatives.
Get to know UUSD Utopia
The UUSD stablecoin is built on Utopia’s serverless peer-to-peer infrastructure, which currently supports a complete solution for secure instant messaging, encrypted email, voice communications, and private web browsing.
Utopia USD, like the native currency Utopia Crypton, displays anonymous transactions by default and does not reveal any identifying information, making its history completely untraceable. Every transaction is completely private and leaves absolutely no metadata visible.
Utopia USD and Crypton provide untraceable future transaction rates, in contrast to other private cryptocurrencies that are currently still vulnerable to tracking tools offered like CipherTrace.
Utopia USD is designed to maintain a 1:1 ratio with the US Dollar. UUSD is an anonymous, secure, instant and liquid payment method.
Its value is backed by a publicly verifiable DAI cryptocurrency guarantee by a cold wallet address and equals the total supply of UUSD.
Initial supply is 1,000,000 UUSD backed by 1,000,000 DAI located in the following Ethereum wallets: 0x2Cf6717fA2C1fea68F4bdedC26B578898651C270
DAI prices are pegged to US dollars and guaranteed by a mix of other cryptocurrencies that are deposited into smart contract vaults each time a new DAI is minted.
Utopia USD liquidity is supported by market creation algorithms on several exchanges including Crypton Exchange. Conversion is possible with a fee exchange rate close to zero.
Crypton Exchange is a natively integrated anonymous crypto exchange with instant deposits and automatic withdrawals. Exchanges are available in a censorship-resistant form within the Utopia ecosystem by the “CRP” domain.
Get to know Blockchain Utopia
The Utopia blockchain is based on Proof-of-Stake and Proof-of-Resources algorithms. Full nodes located worldwide and participating in packet routing and validation receive a reward every 15 minutes (block creation time) by providing internet connectivity, RAM and CPU resources. Every ecosystem user’s privacy is protected by leveraging a dynamic multi-link routing engine with MITM (man-in-the-middle) attack protection. The Curve25519, XSalsa20 and Poly1305 algorithms are used to encrypt, sign, and authenticate packets, objects, and peer connections.
The Utopia desktop app is available for Windows, MacOS and Linux in 29 languages. Utopia takes the security of its ecosystem very seriously and has been offering a bug bounty program since its launch in 2022. The ecosystem has been developed by a group of network technology enthusiasts for the past 8 years. To eliminate any impact on the project, Utopia developers will forever remain anonymous.
Utopia also offers one of the most advanced blockchains in the world and provides a unique combination of features for the cryptocurrency market, including:
- Anonymous transactions by default
- Instant transaction (less than 3 seconds to confirm)
- Transactions are about 30 times cheaper than Ethereum
- No network congestion by design over P2P infrastructure
- No KYC or transaction limits within the ecosystem
- Crypto Card allows payments and invoices to be separated from the public key
- Voucher code generation and exchange allows offline transfers and banknotes
- GUI desktop and console software, built-in API and tools for merchants.
Beyond cryptocurrency payments, additional components of the Utopia ecosystem include a decentralized form of DNS (domain registry), multiplayer gaming, secure alternative Tor network, and the Idyll browser built for browsing deep sites hosted within the Utopia ecosystem.