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in #steemit5 years ago (edited)

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Republia is a decentralized ecosystem, in which users can find easy-to-use services, based on blockchain technologies.

Features
Republia is a blockchain-driven project that is supposed to facilitate an ecosystem based on the we-government idea. The solution will employ Delegated Proof-of-Authority (RdPoA) and BFT (Byzantine Fault Tolerance) consensus algorithms. 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.

Republia introduces RPB coin whose stability will be achieved by additional USDR token. The system envisages in-chain conversion of RPB coin to USDR.

What Is Republia?
Republia is an all-encompassing, decentralized bionetwork that works by making use of mechanisms which are set up on the basis of blockchain technologies. These mechanisms, based on elements of nations, are created in such a way that they are familiar and are shifted to the digital space.

The platform promises safety of data as well as comfortable usage of all the elements in the bionetwork. This is mainly as a result of the many functional tools in the entire ecosystem. It is also designed in accordance with a properly-organized structure that works under a set of internal rules.

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.

Roles Of Republia Decentralized Blockchain Community Platform
Prevention of emergent scam projects
Assisting users to control the components of the ecosystem through a transparent and democratic management model
Establish dependable and transparent relationship between users
Exclude possibilities of losses or theft of user accounts
Introduce a coin excluding high volatility
Republia ICO Platform
Taking into consideration the shortcomings of the present market solutions in the crypto space, Republia presents its own ICO Platform. The platform’s elements are interconnected, eventually complementing each other. The accounts of users will indicate the requests of teams desiring to carry out their ICOs on the platform.

Hard forks
At the same time, hard fork entails the creation of a new network chain which no longer operates according to the rules that were established by an old protocol of the blockchain. The nodes of a new and an old network are incompatible since hard fork means changes in the mechanism of consensus itself. According to the experts such an oversaturation of the industry with so many variations of one crypto-currency undermines the trust of users towards blockchain, because, in fact, a hard fork is a side effect of disagreements within the crypto community. Many crypto enthusiasts are sure that instead of permanent separation from the main networks, it is better to come to a common agreement.

Protection of fraudulent projects
To add the desired project to Republia ecosystem you will need to submit an application within Republia ICO Platform and go through voting phase among users, which is based on the layer of Republia Blockchain consensus protocol. Users can apply amendments to any subsystem as well, when most users consider a particular function as an error in the ecosystem, they can vote for changing or deleting this function. Each decision on a particular vote is entered in the blockchain and has its own hash and hash of the decision that was adopted or rejected. Also, participants who voted will be recorded in the block, their decisions and time of the vote will be shown to the entire community, this type of the block can be viewed at any time, in this case, falsifications are impossible.

Data security within Republia ecosystem
Security is a priority for Republia team, all important information is stored in Cloud X. It is a decentralized data storage, that provides security of information and funds in the context of the entire global ecosystem. Republia offers its users a unique digital analog Identity Card – RepubliaID. The main feature of RepubliaID is advanced security, which minimizes the risks of losing funds or hacking user accounts. Moreover, RepubliaID is used to identify users in the voting, exchange, and Republia banking system. In this way, the participant that owns RepubliaID becomes a full member of Republia community and can directly influence the life of the community.

Project Specific Section
The developers of the project laid a powerful technological foundation, due to this foundation all elements of the ecosystem will be realized with higher efficiency, than existing technological solutions, thus, the basic principles of the operation of blockchain technology will be observed – decentralized management, justice, and pure democracy. The goal of Republia project is to create a large-scale decentralized ecosystem, which combines elements of countries that are familiar to us and mechanisms based on blockchain technology, where users make decisions through consensus and influence modernization of the entire ecosystem directly.

Transparent and trustworthy management system
The large-scale ecosystem of Republia allows its users to make important decisions in the life of Republia and to influence the modernization and expansion of ecosystem elements. Such possibility appears due to Republia operation within the framework of “we-ecosystem” model, which, in turn, is aimed at direct management of the platform, avoiding relevant regulatory authorities.

Republia Bank
RPB coin is the 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.

Wallets Of Republia
The bank has cold and hot wallets. The cold wallet is meant for the backup fund, which is supplemented by a commission accrued by mining. The cold wallet also accepts funds when users converts RPB coin USDR token. On the other hand, the hot wallet is used when paying interest rates in the bank.

Republia RPB Token & ICO Details
Parameters Of The ICO
Total supply: 400,000,000 RPB
Token Symbol: RPB
Accepted Payment Method: BTC, ETH, LTC, BCH
Soft Cap: $5,000,000
Hard Cap: $50,000,000
Distribution Of Funds
50%: Ecosystem research and development
18%: Marketing and business development
15%: Administrative and operational expenses
6%: Negotiation and listing on exchanges
6%: Legal support
5%: Unexpected circumstances

Team
Member
Daniel Shulyaev – CO-FOUNDER
Konstantyn Denysenko – CCO
Vladyslav Gyrych – CO-FOUNDER
Hayk Khachatryan – TECHNICAL DIRECTOR

WEBSITE : https://republia.io/

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