This time I will introduce Technology from Republia because considering the Republia coordination structure is analogous to the "we-government" model aimed at direct management of ecosystems, without involving relevant regulatory agencies.
Republia is a large-scale decentralized ecosystem, which includes elements of countries that are familiar to us in digital space and operate mechanisms based on blockchain technology.
This project collects all the most relevant mechanisms from actual countries that are familiar to us and combines them with highly efficient technology. Republia's global ecosystem is a set of operating instruments based on a well-organized structure, operating under a set of internal rules, which ensure safe and convenient use at every stage of operations.
Republia Mission:
* Safe and comfortable use at every stage of operation.
* solve global problems.
* expansion and complementarity of the blockchain ecosystem by means of the ICO Republia Platform.
* a cultural environment that is generally recognized and ideal for project development and maintenance.
Data security in the Republia ecosystem
Security is a priority for the Republia team, all important information is stored in it Cloud X. This is decentralized data storage, which provides information and funds security in the context of the entire global ecosystem.
Republia offers three levels of security - Veracity System:
* First level is password and user biometric identification.
* The second level is confirmation via email + two-factor authentication.
* The third level is RepubliaID.
Platform Republia ICO
Considering all the weaknesses of the existing market solutions, Republia presents its own ICO Platform. All elements of the Republia ecosystem will be interrelated, because they will logically praise each other. For example, consensus would not be possible to pass the ICO, if such a project already exists in the system, because there is no need to make a project on the platform several times, taking into account the narrow market. User accounts will show team requests, want to carry out their ICO on the platform and complete the Republia ecosystem with their projects.
Data security in the Republia Ecosystem
In the Republia Ecosystem there are RepubliaID Digital analogue Identity Cards, this technology minimizes the risk of losing funds or hacking account users.
Technology
At Republia Bank, there are 4 types of "parkings" (days, weeks, months and 6 months). The user receives a prize for storing funds in his wallet which are accrued in accordance with the amount of "parking". Interest is obtained from the Reserve Bank's reserve fund, which consists of 160 million coins. Costs are also charged for each guess block, which is recorded on the Genesis Block Republia Blockchain
Bank Republia
Coins RPB is the main payment instrument in Republia Bank, which is based on decentralized and transparent mechanisms. Smoothing volatility is a definite advantage of the RPB along with other crypto industry coins, the goal of which is achieved by the implementation of the Republia Bank, which is a major component of the economic model of the decentralized Republia ecosystem. The main objective is to facilitate the volatility of RPB coins and two types of tokens released by Republia.
Republia Bank combines the principles of the Central Bank from the countries he knows us and innovative technology. Republia Bank automatically regulates the volume of requests and offers on the exchange. Refined volatility is the result of automatic balance and analysis of the market situation. The Republia participants are an integral part of the coin stabilization of the RPB, because the system of offering coins to hold coins depends on the balance of demand and supply, which is formed from the commission fees for mining RPB and the reserve fund of the Bank Republia.
Cryptocurrency RPB does not depend on the top 10 cryptocurrency, this step provides support for coin exchange rates while popular cryptocurrency prices decline.
Republia Bank Next
Republia Bank Next will carry out the task of accepting payments and will act within the framework of European legislation in accordance with international banking standards.
Bank Republia Wallet
Republia Bank is involved in the work of two cold wallets and one hot wallet. The cold wallet first performed the role of a reserve fund, which was constantly added to the commission, which was acquired by mining. This type of wallet was formed in Genesis Block.
Republia Bank Classic
The Republia Bank Classic will function for the first two years of the ecosystem and will then be converted to the Next Bank Republia, transferring part of the functionality of the previous version.
Republia Debit Card
Republia Bank released its own debit card, and USDR tokens will be the payment of this card, which is a very easy way to exchange cryptocurrency into fiat funds when paying bills with debit cards, because the USDR is tied to a stable fiat currency - USD.
Roadmap
USDR Tokens and Republia Bonds
To achieve smooth smoothing of USDR coin RPB tokens and Republia Bonds operate in the Republia ecosystem. These tools were introduced by considering behavioral theory, according to this theory some shareholders want to move to more reliable and safe assets during the supply and demand imbalance.
This imbalance is characterized by moving investors to more stable assets (for example, Swiss francs or gold) and observed in a global crisis, during the fall of the stock market. The "USDR" system operates on the same principle. This is designed to encourage users to "lock" during strong market fluctuations. USDR tokens are provided by Bank Republia reserve funds in real banking institutions.
USDR tokens, in turn, are supported by the corresponding number of US dollars. To achieve minimum market price fluctuations at USDR, Republia introduced sophisticated algorithms, based on artificial intelligence and financial expert participation. This algorithm is based on the use of a bond system (Republia Bonds).
Team
For more information :
Website: https://republia.io/
Twitter: https://twitter.com/Republia_Group
Instagram: https://www.instagram.com/republia_official/
Author : rocos
Bitcointalk username: rocos
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1178565;sa=summary