Republic Protocol ICO Review – Decentralized Dark Pool Exchange
Republic Protocol is a decentralized dark pool for atomic, cross-chain trading. This means that individuals, or, more likely, institutional investors can trade in any size of volume without having those details divulged.
The protocol works by distributing primary order into fractions across the network. Then, two primary ethereum smart contracts come into play.
The first is called the Registrar. This contract organizes the nodes of the network in such a way that it would be impractical to attempt the recombination of the aforementioned order fragments. This means that at no point can an order be put back together to reveal the full size, or any other details therein.
Nodes on the network will compute whether or not two order fragments match, and then a smart contract called a Judge will verify the integrity of the trade using a Zero Knowledge Proof (verifying the logic behind a trade without needing to know specific details). Following this, an atomic swap will be triggered (cross-chain trading), and the order executes.
The primary function of this network is to provide trustless and anonymous cross-chain trades.