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Onchain update allows to update the protocol automatically without using hardfork. The implementation of Sidechains technology provided enormous network scalability.
Implementing a system of smart contracts using functional programming languages ensures security during operation of this technology through formal code verification.
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.
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.
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.
Rebublia Blockchain consists of numerous blockchains and solves the problem of scalability through dynamically increasing number of sidechains and introducing master node and node. 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.
Republia takes into account the importance of anonymous transactions, therefore it implements this option into its system. Anonymous transactions become a part of anonymous master node, where they are divided into several unequal parts. Thus, the receiver gets the fragmented amount of transactions, so it is impossible to figure out the sender.
To avoid fraud “ZERO.ing” mechanism is introduced, which means writing off a certain amount of RPB. In case of deception of nodes, frozen funds on their wallets will be canceled. To avoid attacks from the depth “Checking” tool is introduced, which means freezing at a certain height of the block, after which blockchain cannot be recorded again. If a spam attack of a user, who makes large number of transactions, is detected his commission will increase with each payment, and in the future the algorithm will completely restrict this user from sending transactions.
If an application is stopped, the network keeps operating, problematic application will be frozen and will be separated from the entire network. This step will provide other users with an opportunity to feel comfortable every day while using Republia protocol.
Republia system solves the problem of hardforks by automatically updating the protocol, which occurs after voting among all participants of the ecosystem. Users do not need to install a full node to participate in the voting, because the voting takes place using a unique identifier - RepubliaID. Participation in voting is possible both in the whole version of the wallet and in the personal account in a special tab.
Each user without knowledge and experience in creating smart contracts and programming can generate digital contracts for all types of transactions.
Republia Smart Contract Platform provides advanced developers with an opportunity to create individual smart contracts.
Republia provides the ability to create user contracts in accordance with the needs of participants. In addition to the above, all projects are available to users whenever and wherever they are.
Description of the system of smart contracts using functional programming language ensures security during operation of this technology through formal code verification.
Smart contracts operate under the principle of a timestamp, without using GAS, which guarantees accurate execution of the transaction and avoidance of situations when smart contracts transfer to an endless cycle.
Republia is a large-scale, decentralized ecosystem, that operates using mechanisms, created on the basis of blockchain technologies, which, in turn, based on the elements of countries, that are familiar to us and that were moved to the digital space. Republia guarantees data security and comfortable usage of all ecosystem elements due to numerous functional tools, designed according to a well-organized structure, operating under a set of internal rules.
Republia Exchange is a service for the exchange of assets and creation of liquidity for RPB cryptocurrency.
Republia Smart Contract Platform is an easy-to-use tool for generating smart contracts, that allows to create, execute and manage smart contracts based on Republia blockchain.
Republia Bank is a component of the economic model of decentralized Republia ecosystem, which combined principles of Central Banks and innovative technologies. Republia Bank automatically regulates demand and supply on stock exchanges and smooths volatility of RPB coin by balancing and automated analysis of the market situation.
Republia ICO Platform is a platform for ICO, which provides the expansion of the entire Republia ecosystem by interrelated projects, not by the addition of competitive ICO, thereby avoiding unfair investment companies.
Republia Wallet is uniquely designed integrated technology, that includes both wallet, which solves the problem of heavy wallets with 16-digit addresses, and an instant messenger with the addition of contacts that provides secure exchange between users of messages, files (stored in Republia Cloud X) and also provides an opportunity to create smart contracts with contacts.
RepubliaID is a digital analogue of Identity Card, the main feature of which is advanced security. Republia ID allows community members to influence life of the ecosystem directly and ensures security through implementation into all parts of the global ecosystem, where it is possible to harm other Republia community members.
Consensus is a tool, created on the basis of Republia blockchain, which allows users to participate in modernization of ideological and technological solutions of the entire ecosystem directly.
Provides speed in processing operations, opening/closing orders, as well as an ability to bind an internal bank card, using this card necessary amount of RPB coins will be sold according to market order and due to instantaneous operation of Atomic Swap mechanism, transaction will be made faster, than in such popular payment systems as MasterCard or Visa.
It provides complete anonymity and security when making transactions, because it is implemented using Atomic Swap technology with the most popular Top-20 cryptocurrencies, and also involves mechanisms for checking the availability of funds on the wallets of both parties of the transaction.