The project team managed to unite all those effective mechanisms of blockade technology in the framework of one system, for which there is a demand in the industry. It is worth noting that the Republia ecosystem is based on innovative technology, which in turn is backed up by a self-developed blockbuster implemented using the functional programming language.
Republia operates using “We-ecosystem” model, which provides all users with equal rights and opportunities on the network, Delegated Proof-of-Authority (RdPoA) + BFT (Byzantine Fault Tolerance) consensus algorithm is used by Republia.
As a direct result of this, all users can equally influence development of the network due to a unique Republia ID, which, in turn, is implemented in the voting system. Thus, it ensures that one user will be able to vote only once in each voting.
Innovative blockchain - Onchain update allows to update the protocol automatically without using hardfork. The implementation of Sidechains technology provided enormous network scalability.
Secure smart contracts - Implementing a system of smart contracts using functional programming languages ensures security during operation of this technology through formal code verification.
Smoothing volatility - The mechanism of Republia Bank allows to use RPB cryptocurrency as a payment tool, due to this fact users have an opportunity to take advantage of all solutions based on blockchain in real life.
We Ecosystem - A unique solution for coordinating changes in ecosystem conditions through direct user voting based on Republia blockchain, which, in turn, is based on “we-government” methodology.
CloudX - Provides security of information and funds, as well as an application for storing personal data on a distributed cloud, which is implemented by integrating with Republia blockchain and dedicating a separate sidechain.
- Republia provides industry with those projects that are in demand, since users decide through voting to implement a project or not.
- Republia ecosystem is a mechanism, which operates and develops by itself, because users can make modifications to subsystems.
- Republia implements multi-level security system, which ensures decentralized security of important data and information.
- In the context of emergence of new technologies, users do not have to use other systems, users decide through voting whether to implement changes or not. Thus, Republia network is updated automatically without hard forks.
- Transactions in the network.
In order to verify the validity of the transaction and the fact that the address has the entire amount for making this transaction, the node sends a request to master nodes, which make decision by consensus. This step excludes fraud in the network. After a positive response from the master node, the node records transaction to the network.
- Transaction anonymity.
- System security.
- Isolation of problematic applications.
- Voting excludes hardforks.
SC Republia Platform :
Taking into account all the drawbacks of existing market solutions, Republia
presents its own ICO Platform.
All elements of Republia ecosystem will be interrelated, as they will logically
complement each other.
For example, consensus will not allow to pass ICO, if such a project already
exists in the system, since there is no need to create projects on the platform
several times, taking into account narrow market.
User account will show the requests of teams, wishing to conduct their ICO
on the platform and supplement Republia ecosystem with their projects.
Republia Bank :
RPB coin is a main payment tool in Republia Bank, which is based on
decentralized and transparent mechanisms. The smoothing volatility is a definite advantage of RPB along with other coins of the crypto industry, the goal was achieved by implementation of Republia Bank, which is the main component of the economic model of decentralized Republia ecosystem. Its main purpose is to smooth the volatility of RPB coin and two types of tokens released by Republia.
Republia Bank combined principles of the Central Banks of countries familiar
to us and innovative technologies. Republia Bank automatically regulates the
volume of demand and supply on exchanges. Smoothed volatility is a result of a balance and an automated analysis of the market situation.
Republia participants are an integral part of the stabilization of RPB coin, as the system offers them rewards for holding coins depending on the balance of demand and supply, which are formed from commission charges for the mining of RPB and reserve fund of Republia Bank.
RPB cryptocurrency does not depend on top 10 cryptocurrency, this step
provides support for the coin rate of exchange while the price of popular
cryptocurrency is declining.
Wallets of Republia Bank :
Republia Bank involves in its work two cold and one hot wallet.
The first cold wallet performs the role of a reserve fund, which is constantly
supplemented by a commission, accrued by mining. This type of wallet is formed in Genesis Block.
“Parking” technology In Republia Bank 4 types of “parkings” are available (day, week, month and 6
months). The user receives a reward for holding funds at his wallet accrued according to “parked” amount.
Interest is accrued from the reserve fund Republia Bank, which consists of 160 million coins. A fee is also charged for each of the guessed block, which is
recorded in Genesis Block Republia Blockchain.
Republia Bank Next :
Republia Bank Next will undertake a task of accepting payments and will act within the framework of European legislation in accordance with regulations of international banking standards.
Republia Debit card :
Republia Bank releases its own debit card, and USDR token will be a payment
tool of this card, which is very convenient way of exchanging cryptocurrency to fiat funds when paying bills by debit card, since USDR is bound to a stable fiat currency — USD.
The developers claim that Republia will resolve the hard fork problem. The platform will integrate the following features: ICO platform, exchange, wallet, bank, and smart contract platform.
The master node receives requests from an ordinary node and in response approves or rejects the transaction.
Initially transactions become part of the pool and in accordance with the commission pagination they are taken by node. In order to verify the validity of the transaction and the fact that the address has the entire amount for making this transaction, the node sends a request to master nodes, which make decision by consensus. This step excludes fraud in the network. After a positive response from the master node, the node records transaction to the network.
Rebublia Blockchain consists of numerous blockchains and solves the problem of low network throughput by dynamically increasing number of sidechains and introducing master-node and node.
Master node Master node is a server in decentralized network, which stores all blocks, if transaction is taken by nodes, master node gets data transfer requests. Republia provides quick and comfortable usage of all technologies, which are necessary for blockchain community.
Republia Exchange is the main platform for asset exchange and the creation of liquidity for RPB cryptocurrency, which is guaranteed by Veracity System. Users can choose between two types of exchanges - Rialto and Emporium, the first represented by the help of applying Atomic Swap technology with the most popular Top-20 cryptocurrency, the priority is complete anonymity when making transactions.
Republia ICO :
Platform: Own Blockchain
Token for sale: 39,000,000 RPB (65%)
Token supply: 60,000,000 RPB
Soft cap: 5,000,000 USD
Hard cap: 50,000,000 USD
Accepting: ETH, BTC, LTC, BCH, USDT
Distribution Token :
PRE-SALE = 19.75%
PUBLIC SALE = 45.25%
Team = 22%
Advisers = 8%
Bounty = 5%
Public Sale Distribution :
Ecosystem research and development = 50%
Administrative and operating expenses = 15%
Legal support = 6%
Marketing and business development = 18%
Listing on exchanges = 6%
Unexpected Circumstancesb = 5%
All components of decentralized Republia ecosystem have been created to organize trustworthy and transparent community, which with the help of a unique concept of smart contracts, a platform for creating own projects and improving the entire ecosystem and a convenient way of communication, will be able to access all benefits of blockchain technology and industry as a whole.
More Information, see below :
Website : https://republia.io
Whitepaper : https://media.republia.io/republia-whitepaper-en.pdf
Republia MVP : https://republia.io/mvp
Telegram : https://t.me/joinchat/GYZTvxF7hZ8BfRhyVSHY-A
Facebook : https://www.facebook.com/republiaofficial
Twitter : https://twitter.com/Republia_Group
Instagram : https://www.instagram.com/republia_official
Medium : https://medium.com/@republia
GitHub : https://github.com/republia
Annoucement : https://bitcointalk.org/index.php?topic=4841968
Author : LofYah111
Bitcointalk link : https://bitcointalk.org/index.php?action=profile;u=2036058
Wallet : 0x3C148F5B9Efa720f7501f39FDf02B3CDC9658BC4