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Utopia P2P Introduces Anonymous USD Stablecoin Backed by DAI

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Utopia, a decentralized peer-to-peer ecosystem, the development of which was begun covertly in 2013 and released officially in November of 2019.

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The platform provides access to secure and surveillance resistant communication and finance, this month launches Utopia USD stablecoin; UUSD.

The UUSD stablecoin is built upon Utopia’s serverless peer-to-peer blockсhain that currently powers an all-in-one kit for secure instant messaging, encrypted email, voice communication, and private web browsing.

UUSD, The Native Currency of Utopia

It features anonymous transactions by default, and does not reveal any identifying information to its blockchain.

It renders its history completely untraceable. Every transaction is completely private and leaves absolutely no metadata visible.

No other cryptocurrency currently provides this level of future-proof untraceable transactions.

Competing private cryptocurrencies rely on obfuscation techniques rather than genuine anonymization and are vulnerable to tracking tools offered by the likes of CipherTrace.

Utopia USD is designed to maintain 1:1 parity with the US Dollar. UUSD is an anonymous, secure, instant, and liquid payment method.

Its value is backed by DAI cryptocurrency collateral that is publicly verifiable by the cold wallet address and equals the total supply of UUSD.

The initial supply is 1,000,000 USD backed by 1,000,000 DAI located in the following Ethereum wallet: 0x2Cf6717fA2C1fea68F4bdedC26B578898651C270


Trade UUSD with best experience

The price of DAI is soft-pegged to the U.S. dollar and is collateralized by a mix of other cryptocurrencies that are deposited into smart-contract vaults every time new DAI is minted.

The liquidity of the Utopia USD is supported by market making algorithms on several exchanges including Crypton Exchange.

Conversion is possible at a near-zero fee exchange rate. Crypton Exchange is a natively integrated anonymous crypto exchange with instant deposits and automated withdrawals.

The exchange is available in censorship-resistant form inside the Utopia ecosystem by domain CRP.

Utopia offers among the most advanced blockchain in the space and provides a combination of features unique for the cryptocurrency market:

– Anonymous transactions by default

– Instant transactions (less than 3 seconds to confirm)

– Transactions are approximately 30 times cheaper than Ethereum

– Absence of network congestion by design through P2P infrastructure

– No KYC or transaction limits inside the ecosystem

– Crypto cards enable payments and invoicing dissociated from public keys

– Voucher code generation and redemption enable offline and paper

money transfers

– Desktop GUI and console software, built-in API, and tools for merchants

What’s more in for Utopia users

In addition to crypto payments, other Utopia ecosystem components include a decentralized form of DNS (domain registry), multiplayer games.

It also hosts an alternative secure network and Idyll browser created to surf deep sites hosted inside the Utopia ecosystem.

Utopia’s blockchain is based on Proof-of-Stake and Proof-of-Resources algorithms.

Full 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.

Utopia’s desktop application is available for Windows, MacOS and Linux in 29 languages.

Utopia takes the security of its ecosystem very seriously and has offered a bug bounty program since its launch in 2019.

The ecosystem has been developed by a group of networking technology enthusiasts over the last 8 years. To eliminate any impact on the project, developers of

Utopia will forever remain anonymous.

The launch of the Utopia USD will be supported by a massive airdrop campaign and several marketing initiatives in August of 2021.

Download Utopia: https://u.is/en/download.html

Official Utopia website: https://u.is/

Crypton Exchange: https://crp.is

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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