Republia Leading-edge ecosystem and technology

anzalrk (6)in #republia • 6 years ago (edited)

Republia

Republia is a large-scale decentralized ecosystem, that includes elements of the countries that are familiar to us in the digital space and operates mechanisms based on blockchain technology.

The project collected all the most relevant mechanisms of the real countries that are familiar to us and combined them with highly efficient technologies.

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)

Hard forks

Starting from 2008 network of Bitcoin cryptocurrency has been undergoing a lot of hard forks. Users turn to this step in order to solve the problem of scalability, low capacity of transactions, limited block size and generally offload common Bitcoin network.

Solving the problem of hardforks

Republia offers three-level security - Veracity System :

The first level is a password and biometric identification of users.
The second level is a confirmation by email + two-factor authentication;.
The third level is RepubliaID.

To expand the ecosystem with your project you need :

to be a member of Republia ecosystem.
to have a unique RepubliaID.
to fill in an application form.
to pass automated verification Republia Spam-Content Bot.
to pass an independent expert evaluation, which is carried out by professionals, chosen by the community members.
to pass successfully a voting stage, in which at least 50% of ecosystem members should take part, while 51% of them will support the hosted project.

Republia Bank

RPB coin is a 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.

Republia Bank Next

Republia Bank Next will undertake a task of accepting payments and will act within the framework of European legislation in accordance with regulations of international banking standards.

Users of the ecosystem are offered two types of banking:

Decentralized (when using a decentralized version, interest after two-year period will be lower than in the regulated Republia Bank Next).
Regulated in the real sector ( percentage deductions from “parking” of the second type will remain almost at the same high level, as in Republia Bank Classic ).

Republia Debit card

Republia Bank releases its own debit card, and USDR token will be a payment tool of this card, which is very convenient way of exchanging cryptocurrency to fiat funds when paying bills by debit card, since USDR is bound to a stable fiat currency - USD.

Republia Exchange

Republia Exchange is 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.

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