WHAT IS REPUBLIA ?
Republia is a decentralized ecosystem, that within one project combines all operating mechanisms of blockchain technology, that are in demand in the industry. The ecosystem is based on an innovative technology, which, in turn, buttressed by a proprietary blockchain, implemented using the functional programming language — OCaml.
The global system Republia includes a huge number of functioning tools that work through a clearly defined structure. This structure operates according to a set of special rules, as a result of which each user receives a full guarantee of the safety and comfort of applying the structure at any stage of work.
#####As a basis for this project, the basic principles of the blockchain functioning are laid down, namely:
- User information is completely secure, guaranteed data and financial protection thanks to integration with the
Republia blockchain system. - A fair solution to every dispute.
- Any user of the project can view the information he needs.
- Clients of the ecosystem can directly affect the work of the project.
Rebublia Blockchain protocol is divided into three main layers:
- Consensus layer;
- Transaction layer;
- Network layer;
The separation of the protocol into layers allow to replace any layer of the protocol, without touching it entirely.
Rebublia Blockchain solves the problem of low network capacity through dynamically increasing amount of sidechains. Thus, the linear dependance of increasing and decreasing the number of sidechains is tracked, depending on amount of transactions in the network.
Republia blockchain can process number of transactions which are necessary to serve user requests and in the same time keeping network throughput on the same level.
MISSION REPUBLIA
- Users will be protected and comfortable at every stage of the operation;
- Global problem solving;
- The expansion and complementarity of the blockchain ecosystem is the way with the ICO Republia Platform;
- The creation of ecosystems is recognized in a general scope and is ideal for building and maintaining projects.
Some of the tasks performed by Republia - Your certainty as a user in managing the middle ecosystem component is a transparent and democratic management system (its ecosystem);
- Prevention of scam projects;
- Building trustworthy and transparent relationships between users facilitated with sophisticated smart contract systems;
- Except for the possibility of losing or stealing your account as a user from three levels of security (Veracity System)
- Providing asset exchange services and creating liquidity for Crypto currency RPBs
- Coin approval does not include high volatility.
How Republia Transactions Work
The Republia Blockchain is made up of several blockchains and demystifies the challenge of scalability by a way of vigorously snowballing the number of sidechains as well as introducing master node and nodes. The master node gets requests from the ordinary node and eventually accepts or discards the transaction.
Primarily, transactions become part of the pool and according to the pagination, they are then taken by the node. The entire process eliminates any attempts of fraud, following positive responses from the master node, which acts by recording transactions to the ecosystem.
Hardforks
Due to voting system, that leads to adoption the decisions by consensus, and then automated updating of the protocol among users, Republia completely solves the problem of hardforks.
SCAM projects
The expansion of the entire Republia ecosystem occurs in interrelated projects, rather than the addition of competitive ICOs. At the same time, users decide for themselves whether such a project is needed within the ecosystem or not through voting.
High volatility
The stability of the RPB coin is achieved by the Republia Bank mechanism, which affects on market fluctuations through the application of systems such as “Parking” (voluntary holding of personal funds for profit), currency interventions and an additional USDR token, which purposes to ensure the safety of user facilities through in-chain conversion of the coin RPB to this token.
Theft of user data
Republia offers a three-level security — Veracity System, and all important information is stored in CloudX — decentralized data storage.
Vulnerability of smart contracts
The Republia protocol is written on the functional programming language OCaml, as it, by supporting formal code verification, minimizes hacking of the smart contract code.
Low network bandwidth
Rebublia Blockchain consists of numerous chains and decides the problem of low network bandwidth by dynamically increasing number of sidechains.
Impact on the network by individual users
In Rebublia ecosystem, all users are equal in their capabilities and they have equally influence the development of the network due to the unique Republia ID, which, in turn, is implemented in the voting system. In this way, it guarantees one vote from one user within one voting.
Unsafe transactions
All elements of the transaction pool are checked by the nodes, with the help of this process, agreement on the transaction is achieved.
Actions of malevolent users
Rating system operates in Republia ecosystem, which aims to exclude malevolent users, which try to harm, discriminate the system or prevent other users from making decisions in Republia life.
Mechanism of functioning
All components of decentralized Republia ecosystem are created with a view to organize an honest and transparent community, that with the help of a unique concept of smart contracts, platform for creating their own projects and upgrading the entire ecosystem and convenient way of communication, will experience all benefits of blockchain technology and industry as a whole.
Benefits of Using Platform Republia:
- Establish trustworthy and transparent relationships between users with sophisticated smart contract systems;
- Exclude the possibility of losing or stealing user accounts through three levels of security (Veracity System);
- Allows users to manage ecosystem components through a transparent and democratic management system (our ecosystem);
- Prevent the emergence of SCAM projects;
- Providing services for asset exchange and creation of liquidity for RPB crypto currencies;
- Introducing coins, not including high volatility
The Republia SC Platform is a broad platform for implementing IoT solutions, based on the functional programming paradigm and the OCaml programming language, which supports formal code verification.
Republia Initial Coin Offering
Token: RPB
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
Bonus
Coin distribution
Fund distribution
Team
Advisors
Conclusion
The Republia project enables any participant to make the most important decisions while participating in the work and development of Republia, influencing the modernization and expansion of all elements of the project. Users get this opportunity because the project works like the “weecosystem” model - a platform aimed at managing without intermediaries and bypassing regulatory authorities.
For more information about Republia visit here:
Website: https://republia.io/
Telegram: https://t.me/joinchat/GYZTvxF7hZ8BfRhyVSHY-A
Twitter: https://twitter.com/Republia_Group
Facebook: https://www.facebook.com/Republia-2081421595457086/
Blog: https://medium.com/@republia
Reddit: https://www.reddit.com/user/Republia_Official/
LinkedIn: https://www.linkedin.com/company/republia-project/
Instagram: https://www.instagram.com/republia_official/
Youtube: https://www.youtube.com/channel/UCG3GhBOmWfbfhlgjRcPAIqg
Bitcointalk name: Daniwahyu007
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