BLOCKCHAIN TECHNOLOGY ISSUES
In 2017 30 hard forks occurred in Bitcoin’s blockchain. This process led to bitcoin’s price drop and market crash, because investors, who were not ready to face unpleasant consequences, started to exit cryptocurrency market.
When users provide their personal data to various projects they are exposed to the risk. In 2017 several hacking attacks occurred, which resulted in tremendous investment losses.
SMART CONTRACT VULNERABILITIES
MultiSig wallet smart contract (Parity) contained vulnerabilities, which led to freezing 300 million dollars. This smart contract vulnerability resulted in tremendous investment losses.
Most cryptocurrencies, introduced to the market, are very volatile, which depends on news or even political situation. Investors are always at risk of losing their funds, because of market panic.
OUR EFFECTIVE SOLUTIONS
In Republia Ecosystem all conflicts are solved through consensus, which allows system to update the protocol automatically. The system can be changed without hard fork implementation, because Republia protocol is divided into three layers.
Three layer security system (Veracity System, CloudX и RepubliaID) ensures security of funds and user data.
SMART CONTRACT VULNERABILITIES
Republia VM is implemented using functional programming language Michelson, which allows to verify smart contract before it is launched in the network. Due to Turing completeness, smart contract, created on Republia platform, will never get caught in an endless loop.
Republia Bank combined mechanisms of world central banks with blockchain technologies, ensuring RPB price stability in volatile environment.
NEXT GENERATION BLOCKCHAIN
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 is a server in decentralized network, which stores all blocks, if transaction is taken by nodes, master node gets data transfer requests.
Sidechains are interconnected and operate simultaneously without overloading basic blockchain.
Node is a machine, on which full client of the network and registry storage are installed ( in some cases - partial storage, for example, as in the case of ordinary nodes).
NEW GENERATION ECOSYSTEM
Republia provides quick and comfortable usage of all technologies, which are necessary for blockchain community.
Best blockchain services are available on your gadget.
EASY TO USE
Communicate with one another, create smart contracts or transfer funds in just one-click.
IMPLEMENTATION OF YOUR IDEAS
Deploy your projects on Republia ICO Platform and implement your ideas without substantial capital.
Republia is a project where users are the most important, because ecosystem operates within “we-ecosystem” model. Every user will be able to express his ideas for platform control.
ECOSYSTEM OF THE FUTURE
Unequal influence on the network is impossible, because all ecosystem users have equal rights and opportunities. Firstly, all decisions are made through voting, secondly, votings are conducted honestly and openly, because every user has a unique RebubliaID, which ensures that one user can vote only once.
In “we-ecosystem” management model ecosystem is extensible by other projects, created using Republia ICO Platform. Project should present its idea to get support from ecosystem participants . Moreover, users will be able to improve any project of the ecosystem by voting. Thus, community members and users, who deploy their projects within Republia Ecosystem, will benefit from “we-ecosystem” management
THE SAFEST SECURITY SYSTEM
We introduce full-fledged security system, which ensures secure product usage.
Unique digital analogue of Identity Card that minimizes the risk of loss of funds or hacking user accounts.
Decentralized data storage
Security system implemented in all components of the ecosystem.
Smoothing of volatility is achieved by implementing Republia Bank, one of the principal components of the economic model of decentralized Republia ecosystem.
In Republia blockchain every user can mine blocks, ordinary nodes are responsible for RPB mining and recording into a block, the role of node can be performed by any device of ecosystem participant, since ecosystem operates using consensus algorithm - RdPoA.
Estimated coin price
Due to smoothed volatility, RPB coin price is increasing gradually influenced by incremental delivery of the components of Republia ecosystem.
All user data is protected by three layer security system - Veracity System.
Republia provides industry with those projects that are in demand, since users decide through voting to implement a project or not.
CREATE SELF-MODIFYING ECOSYSTEM
Republia ecosystem is a mechanism, which operates and develops by itself, because users can make modifications to subsystems.
CREATE THE SAFEST SYSTEM
Republia implements multi-level security system, which ensures decentralized security of important data and information.
CREATE SELF-COMPLEMENTING BLOCKCHAIN
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.