Privacy Benefits and the danger of not making privacy a priority. The benefit of using Utopia p2p privacy crypto and app client.
Sango otta, Not Applicable, Nigeria, 29th Nov 2022, King NewsWire – Privacy issues are making headlines lately and its prominence mostly boomed with the rise of cryptocurrency. Cryptocurrency transaction is not always private transaction which can leave people exposed through blockchain which serve as an unalterable ledger that eases the process of recording transactions and tracking assets in a cryptocurrency network. This same ledger is what some hackers use to track their victim’s activities. Cryptopia hack is one such incident wherein criminals were able to use their accounts to hack other accounts on the crypto protocol.
In 2022 alone at least 2 cryptocurrency firm and uncountless individual was hacked through the lack of privacy and proper security measures. Meanwhile, this lack of privacy not only puts the users at risk but also affects the entire blockchain technology with the inclusion of the crypto market.
The cause of the current lack of privacy is that people believe when they are not into shady or illicit activities there’s no need for privacy since they have nothing to hide and this belief is the exact weapon used by online theft to catch their victims. The number benefit of privacy is security.
In late 2017, the IRS ordered Coinbase to hand over information about all customers who made a transaction worth $20,000 or more between 2013 and 2015. That information includes: identifying information, credit card, etc. If this information falls into the wrong hand the users will be attacked by hackers.
Nevertheless, if you must use a privacy service you also need to choose the right. For example, the zero-knowledge proof is called a zk-SNARK (zero-knowledge proof is knowledge). Though they can be effective at keeping private information private, there are some complications. They’re slow and difficult to set up, and if the cryptographic key was comprised, the entire system falls apart.
In fighting against this issue a group of IT advancement, blockchain, security, and privacy expert come together to create a project called Utopia P2P which serve as all in one kit ecosystem for cryptocurrency privacy trading, anonymous transaction, encrypted email communication, instant encrypted messaging, data storage, file sharing, P2E, lottery, privacy web3.0 browser, built-in wallet, crypto cards, API for merchants and much more. All this can be executed through the Utopia P2P app client. https://u.is/en/download.html
Utopia P2P become the first privacy project to provide this vast service and Utopia’s blockchain is based on Proof-of-Stake and Proof-of-Resources algorithms. They have 2 cryptocurrencies called Crypton coin (CRP) and Utopia USD (UUSD) which are already listed on CoinMarketCap.
Crypton (CRP) is a minable interest-bearing monetary unit and digital currency of the Utopia P2P ecosystem. It is a decentralized cryptocurrency where transactions are instant, irreversible, and completely untraceable.
Utopia USD (UUSD) is the first privacy stablecoin in the entire cryptocurrency market and it is soft-pegged to the U.S. Dollar that features instantaneous transactions at low cost. It is built upon Utopia’s serverless, peer-to-peer blockсhain. UUSD’s value is backed by DAI cryptocurrency collateral that is publicly verifiable and equals the total supply of UUSD. These 2 coins can be used for e-commerce transactions and it currently accepted by 1858 online stores through UtopiaPay as a payment method. https://utopiapay.io/
From November 9th, 2022 till the time of writing this Crypton coin was among the most trending crypto on CoinGecko US and UK markets. It is also one of the best-performing coins in the past couple of days when it maintains its stand when top cryptos are bleeding.
You can also visit their anonymous cryptocurrency exchange called the Crypton Exchange which is a cutting-edge exchange of cryptocurrency with total privacy, no limit or restriction worldwide, and instant withdrawal. https://crp.is/
There are many benefits that can be obtained by using the Utopia p2p network but I only mention a few. Learn more about the ecosystem here:
Official Utopia website: https://u.is/en/
Official Utopia Telegram: https://t.me/utopiachatoff/
Download the Utopia app client: https://u.is/en/download.html
Crypton Exchange: https://crp.is
CRP CMC Link: https://coinmarketcap.com/currencies/utopia/
UUSD CMC Link: https://coinmarketcap.com/currencies/utopia-usd/
Contact Person: Olufemi Babatunde
Email: [email protected]
Address 1: 26, Owoseni street, Behind Liberty Church, Joju Bus stop.
City: Sango otta
State: Not Applicable
The post Utopia P2P – Privacy and security in Cryptocurrency, Web3, online storage, file sharing, and every upcoming innovative concept. appeared first on King Newswire.
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