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Utopia Crypto continues to turn heads in eCommerce as over 1.800 online stores now accept this payment method. Both store owners and consumers will benefit from anonymity and lightning-fast settlement.
Utopia is a fully decentralized blockchain-based payment network tackling problems faced by everyday consumers. All online activity is subject to monitoring and user tracking. There is an immediate need and demand for anonymity-oriented solutions, and Utopia provides the necessary features and tools.
As over 1,800 stores now enable transactions through Utopia's network, things head in the right direction. As a result, customers globally benefit from online payments in a secure and private environment. Under the hood, Utopia's network relies on a blockchain ecosystem that has been in development for multiple years before launching in 2019.
It uses Proof-of-Stake and Proof-of-Resource algorithms, letting users spin up network nodes to share their CPU and RAM in exchange for rewards.
Two native currencies comprise the Utopia ecosystem: Crypton (CRP) and Utopia USD (UUSD). Both currencies provide settlement in under one second, anonymity, and minimal fees. They are excellent solutions in the growing eCommerce industry and benefit store owners and consumers alike.
To ensure total anonymity, Utopia does not collect transaction data. More specifically, transaction dates, sizes, parties, or amounts are not recorded. In addition, there is no way for anyone to look up transaction information through a block explorer. Only the parties involved in a transaction can look up that transaction's details and nothing else.
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