Republic Protocol
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Republic Protocol is an open-source decentralized dark pool exchange. It facilitates cross-chain atomic trades on a hidden order book over the Ethereum and Bitcoin networks. Miners within the protocol run equation solving nodes to earn REN tokens and match orders without revealing the underlying trade until execution. This system creates a trustless trading system for large block orders enabling ERC20, Ethereum and Bitcoin pairs to be executed with minimal price slippage and provides protection from front-running. Republic Protocol delivers mathematically-proven security and privacy until execution to dark pools, providing a system for investors and traders to exchange significant amounts of cryptographic assets.

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Coin Bureau

Republic Protocol (REN) | Rating: 8/10 | Outlook: Positive

The Repblic Protocol is developing a decentralised open source dark pool protocol. This will allow cryptocurrency traders to exchange large block orders in a completely secure and private way. This has many advantages over large centralised exchanges which know the trader identity and can determine order flow. It also has advantages over Decentralised exchanges as the order books are not public. The Republic Protocol works by breaking up orders into smaller fragments through the use of the Shamir Secret Sharing Scheme. Once these orders are broken up, they are distributed through the network in a secure way. The nodes on the network will then find two of the opposing orders and then co-operate with the other nodes in order to match the orders. Once the orders are matched, they are exchanged through the use of a cross chain atomic swap. The native token on the network is the REN token which is an ERC20 token. This will be used as a utility token where those making the orders will pay their fees in REN to the nodes. In order to ensure honesty on the network, nodes and traders will have to place a certain amount of REN in a "bond". The Republic Protocol team completed a private sale ICO and a smaller crowd sale in early 2018. They were able to raise a total of just over $30m with many well-known cryptocurrency funds taking part. In total, the team sold 65% of the total supply of REN tokens. Development on the project has been coming along well and the project's GitHub activity seems to be quite active. They have also recently launched their mainnet in Beta through the RenEx exchange. This has been open to traders since September of this year and they will be opening up their "Darknodes" to operators in Q1 of 2019. The REN token hit exchanges earlier this year and the price of REN has followed the rest of the crypto markets lower. REN is listed on a number of exchanges but appears to have most of its volume on Binance.

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.