Republia is a decentralized ecosystem, which within one project combines blockchain technology services that are in demand. The ecosystem is based on an innovative technology, which, in turn, based on self-developed blockchain.
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.
The global ecosystem Republia is a set of operating tools based on wellorganized structure, operating under a set of internal rules, that ensures safe and comfortable usage at every stage of operation. Ecosystem is based on the main principles of the operation of blockchain technologies. secure storage of user data (information and resources are protected through integration with Republia blockchain); justice (all disputes are resolved by consensus); transparency (ecosystem users always have access to all the necessary information); full democracy (members of the ecosystem directly affect the life of Republia).
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.
Republia Mechanisms
Lets try republia MVP here: https://republia.io/mvp
Republia ICO Platform – The platform for ICO, which provides the expansion of the entire Republia ecosystem by interconnected projects, instead of adding competitive ICO, thereby avoiding unfair investment companies.
Republia Exchange – the main platform for exchange of assets and creation of liquidity for RPB cryptocurrency. Users can choose among two types of exchanges – Rialto and Emporium, the first one was represented with the help of implementation of Atomic Swap technology with the most popular cryptocurrencies from Top-20, its priority is complete anonymity when making transactions.
Republia Wallet is a uniquely designed integrated technology, that includes both wallet and an instant messenger.
Republia Bank is a component of the economic model of decentralized Republia ecosystem, whose purpose is to smooth volatility of RPB coin, to provide micro banking services and possibility for usage of internal payment card for everyday transactions.
RepubliaID – participants are offered the opportunity to get a unique RepubliaID to use it in voting, during transactions, and for the security of their data. RepubliaID can also be used for IoT solutions and smart contracts. Smart homes and IoT solutions involve personal information, which should be adequately protected. In the case of AI (Artificial Intelligence) personal data will be necessary for secure and decentralized machine learning on a per-user basis. RepubliaID will protect all confidential information.
Republia voting – Participants can vote for changing an ecosystem product using MVP Voting System.
Republia SC Platform is an easy-to-use tool for generating smart contracts, that allows to create, execute and manage smart contracts based on Republia blockchain.