By 2021, the blockchain concept has established itself as the most secure, immutable, and attack-resistant way to store and transfer information. Virtually nothing can prevent information from being transferred by blockchain nodes or cause it to be corrupted or deleted in any way.
As such, blockchain platforms can protect people’s data from being collected by corporations and governments. At the same time, the global blockchain space still lacks projects that would leverage distributed peer-to-peer systems to address these issues.
Decentralized Peer-to-Peer Ecosystem: Introducing Utopia by 1984 Group
Project Utopia, a distributed peer-to-peer ecosystem, brings together a pair of blockchain-based products under its umbrella.
What is special about utopia?
- 360 ° approach to the construction of ecosystems: the protocol includes everything necessary for the secure transfer of values and data, that is, messaging, mail agent, payment system with cryptocurrencies;
- Full decentralization: Utopia does not depend on centralized servers or crypto wallets;
- Unmatched level of security: Utopia leverages Ed25519 public key cryptography and AES 256-bit encryption techniques;
- Feature-rich toolset of instruments in one interface;
- Support for 28 languages;
- Low entry barrier for network participants (node operators);
- Dual token economy with native crypto assets and stablecoin.
- Crypton Exchange native decentralized crypto trading platform.
With all these advantages, Utopia aims to replace social networks, centralized crypto wallets, first-generation email agents, and even privacy-prioritizing networks like Tor.
Utopia manifesto: what do we know about decentralization in 2021?
Launched in 2019, the Utopia project has summarized its ideology in a document called “Manifesto”. In this inspiring text, the team at Utopia, 1984 Group, highlights the privacy of communication and freedom of expression as two fundamental values of its mission and long-term vision.
In its fight for users’ freedom of expression, Utopia sees two main groups of opponents, namely governments and corporations. The former are attacking human rights to maintain control over resources, while the latter are making billions of dollars collecting user data in various ways.
To achieve these ambitious milestones, Utopia leverages advanced technologies on its way to a self-regulating sustainable society.
This is how Utopia creates a multi-product endpoint for Web3
Technically, Utopia represents an ecosystem of interconnected products that harness the distributed computational power of blockchain nodes.
Utopia is independent of KYC by design – just like non-custodial wallets for Bitcoin (BTC) or Ethereum (ETH), a new user only needs to set their password and keep it in a safe place.
The Utopia software kit can be downloaded for desktop computers with various operating systems: Windows, Linux, and MacOS. Mobile software versions for Android and iOS are in development and will be released for mass users soon.
Messenger of utopia
The Utopia Messaging App is a powerful and resource efficient tool for instant exchange of messages with text, photos, videos, files, etc.
Like conventional centralized messengers, Utopia’s messaging model supports stickers and emojis. Users can interact with each other in private chats or on group channels. Unlike Telegram or WhatsApp, Utopia groups and channels work with an unlimited number of accounts.
The Utopia Messenger is much faster than most competing products. Your messages are protected with state-of-the-art encryption techniques.
Utopia Email App
The Utopia Email App is a decentralized alternative to the popular email protocol. It has an unusual “kill feature”: it does not collect information about its users as it is not intended to show relevant advertising.
Furthermore, the Utopia mail ecosystem cannot be attacked by hackers: it does not store user messages on a centralized server or in the cloud.
Utopia’s mail service allows its customers to send messages for free: there are no subscription or maintenance fees. Due to its advanced technical design, this solution is environmentally friendly.
Its user interface is similar to that of previous generations of mail applications, so its users do not need special skills or additional experience in cryptography or blockchain.
Utopia crypto wallet
Utopia’s decentralized cryptocurrency wallet solution is set up to bridge the gap between cryptocurrency holders and merchants, that is, to build a low-cost and reliable system for daily remittances and other real-world cases.
The Utopia app has built-in wallet functionality – every Utopia customer can authorize or receive money in seconds. With Utopia, third parties cannot access payment information about transactions made with the protocol, their amount, details, and the sender and recipient addresses.
In addition to ordinary transfers, users can explore the crypto-backed cards of the Utopia project. Utopia cards can replace the cryptocurrency wallet in regions without an internet connection. Merchants can integrate these cards to receive payments in a whole new way, save on transactional fees, and make their products visible to new audiences.
Utopia cryptocurrencies: Crypton token and UUSD stablecoin
Utopia has two main currencies that function as the basis for its tokenomic system. Its native cryptocurrency, Crypton (CRP), is a removable digital asset designed to serve as a core Utopia utility token.
Its holders can earn with their latent crypto riches, since CRP is an interest-bearing token. Your transactions are instantaneous, virtually untraceable, and cannot be stopped or reversed.
Utopia USD, or UUSD, is a Utopia stablecoin that is pegged to the US dollar. Utopia enthusiasts can use it as a decentralized alternative to savings accounts and as a hedge during times of increased market volatility.
In addition to the native Crypton exchange, Utopia tokens are available on major CEXes P2PB2B, Latoken, and Cryptex.
Utopia’s Own Built-in Crypto Trading Platform: Introducing Crypton Exchange
Crypton Exchange is a cutting-edge platform for the storage, transfer and exchange of cryptocurrency assets. Mainly, it focuses on providing safe and anonymous ways to buy and sell Crypton cryptocurrencies (CRP).
As of Q4 2021, the platform included the Crypton token (CRP) and three stablecoins: the first decentralized stablecoin DAI, the largest stablecoin by market capitalization US Dollar Tether (USDT), and the native stablecoin. of Utopia, UUSD.
What do you need to run a Utopia node?
As Utopia solutions are 100% decentralized, the security and integrity of your transactions are guaranteed by a distributed ecosystem of nodes. Once every 15 minutes, node consensus participants are rewarded for their RAM and the performance of the traffic used in transaction verification.
To start supporting the network and earning regular rewards, crypto enthusiasts need to run specific UAM applications on any Linux server operating at least 4GB of RAM and 4 CPUs.
At press time, the Utopia blockchain has over 30,000 nodes. This number is growing by the day because the entire block validation procedure is still carbon neutral as it doesn’t need too much electricity or expensive video cards.
Project Utopia is focused on building an all-in-one cryptocurrency ecosystem with privacy and security in focus. Its software can be downloaded on any computer where the validators run Linux servers.
The Utopia toolkit includes a decentralized messenger, a mail client, and a built-in crypto wallet with exchange features. The project issued two native tokens: Crypton coin and UUSD stablecoin.