What problem does Republia solve?
How is the idea monetized? How do the token holders profit?Here is a special public document in which investors could descry in more detail about how the project will be monetized and with which tools the coin holders will be able to reach a profit: https://docs.google.com/spreadsheets/d/1YlLFv1d7gMt8kAVJ_pwshy_5vrwLhajWIvtrRmPtD14/edit#gid=716283805Also
you can look at the calculations, which shows what Republia spend the collected funds for, taking into account the different thresholds:
https://media.republia.io/what-we-spend-money-on-en.pdf
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 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
Sidechains are interconnected and operate simultaneously without overloading basic blockchain.
Republia provides quick and comfortable usage of all technologies, which are necessary for blockchain community.
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.
Node 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). ECOSYSTEM OF THE FUTURE RepubliaID 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.
1.Republia solve the problem of hard forksRepublia Ecosystem introduces improved voting system, with the help of which all changes are implemented through consensus, which entails an automated update of the protocol among users. Thus, Republia Blockchain avoids hard forks.Moreover, Republia Blockchain protocol is divided into three layers (network layer, consensus layer, transaction layer) and layer separation allows to change protocol without hard forks.
2.Republia solve the problem of smart contract vulnerabilitiesRepublia Virtual Machine is implemented using functional programming language Michelson, which supports formal code verification that allows to verify smart contract before it is launched on the network.Thus, due to formal code verification Republia VM will not execute smart contract in case an error occurs. Moreover, smart contracts created on Republia Smart Contract Platform are Turing complete, which ensures their correctness, because Turing completeness avoids fraud and delays in smart contracts.Smart contract, created on Republia platform, will never get caught in an endless loop, because it operates under the principle of a timestamp, which ensures execution of digital contract.
3.Republia solve the problem of stealing user dataRepublia team gives high priority to security, therefore three layer security system is embedded in the ecosystem - Veracity System, all user data is stored in CloudX - decentralized data storage, which operates using Republia Blockchain. In addition, Republia provides users with opportunity to get a unique RepubliaID, main characteristic of which is an advanced security that minimizes the risk of loss of funds or hacking user accounts. If your personal user account or personal data are being hacked Veracity System will freeze them immediately and third parties will not be able to access them. All possible measures will be taken by security system in order to provide user with access to his personal data and funds within a shortest time period.
4.Republia solve the problem of High volatilityHowever, Republia introduces RPB coin, which is not exposed to strong volatility due to unique mechanisms of Republia Bank. RPB stability is achieved by introducing “Parking” system (voluntary holding of personal funds for profit), currency interventions and additional USDR token, whose goal is to save user funds through in-chain conversion of RPB coin to this token.
5.Republia solve the problem of SCAM projectsTaking this into consideration, Republia ecosystem is being extended by interconnected projects, which pass multi-step verification before they are launched on the network. Moreover, users independently decide whether they need such a project within the ecosystem through voting.
6.Republia solve the problem of CentralizationRepublia 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.
7.GlobalizationRepublia offers a global approach to this issue using an integrated ecosystem, each product of which is in demand in the market.In addition, all structural components of Republia Ecosystem are interconnected, new projects, created on Republia ICO Platform, will extend the ecosystem, instead of competing.
Official Website - https://republia.io/
Twitter - https://twitter.com/Republia_Group
Telegram - https://t.me/republia_official
YouTube - https://www.youtube.com/channel/UCG3GhBOmWfbfhlgjRcPAIqg
Reddit - https://www.reddit.com/user/Republia_Official
Facebook - https://www.facebook.com/republiaofficial/
Bitcointalk ANN - https://bitcointalk.org/index.php?topic=4841968.0