Ren Project
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Ren Project

Republic Protocol Update — March

A technical update and a strategy for focus and delivery.

It’s been a month since the launch of the REN token and we already have a lot of progress updates for Republic Protocol’s technology. We’ve hit critical milestones faster than expected — all credit to our development team — which we’re happy to provide as an update to our community.

In this update, we’ll share graphical previews of our node management dashboards, dark pool visualizations and will provide a brief overview on the technological challenges we will tackle. These areas include scalability, privacy, security and game-theoretic situations for incentivizing liquidity. Major technical announcements include the completion of atomic-swapping settlement infrastructure, dark nodes and dark network.

Our focus — Liquidity & technology

To begin, we’d like to highlight what the focus for the Republic Protocol team has been over the past month and where we see ourselves spending the most time leading up to our public main network release.

We’re incredibly focused on developing core technology that can securely scale with the vast amounts of liquidity we aim to bring to the platform at speeds comparable to existing centralized exchanges. We believe commodities, equities and other financial instruments will be tokenized in future and we endeavor to become a major player within this tokenized economy; even competing with the existing traditional exchange giants. We understand that liquidity is crucial for any exchange to succeed and thrive, so our team has dedicated our time to developing partnerships with trading desks to bring liquidity to the protocol as soon we launch. We’ve already developed partnerships with two major private liquidity providers to be early adopters and have designed liquidity incentives into the core of our protocol.

Overview — Technical updates

In the last two weeks our team has been focused on getting ready for the launch of Federation Zero, the Republic Protocol test network. Some of the highlights include:

  • User interface (UI) for viewing dark nodes, the dark pools they belong to, and real-time data feeds for the hidden order book and order matches.
  • Dark Node UI for node operators to see important events, real-time performance metrics, and manage the registration of their nodes.

These visualizations will be available for the public to view shortly.

  • Large scale performance tests that launch hundreds of nodes and ten of thousands of order matching computations, allowing our team to measure and improve our implementation of secure multi-party computations.

Our research team has also been hard at work:

  • Reviewing and finalizing our publication that drastically improves the performance of inequalities in secure multi-party computations.
  • Beginning research into high-speed off-chain settlements that will allow traders to issue new trades based on order matches, as soon as they happen, removing the wait for on-chain settlement.

We’ve opened up the following Github repositories:

In case you haven’t checked out Republic Protocol’s Github repositories yet, they are viewable here: You’ll be able to follow our progress on a daily basis.

Our atomic swapping layer is complete, but can we do better?

Contrary to press-related buzzword hype, the atomic swapping layer of Republic Protocol is one of the easier components to develop. However, atomic swaps using a HTLC (Hashed Timelock Contract) have a caveat of a 24 hour maximum fund lockup should an adversary act maliciously. Although no funds would be lost in this scenario, this isn’t optimal long-term. We’re working on a second-layer scaling solution to solve this. It’s a little too detailed to get into for this update, so we’ll create a separate post for this scaling solution in time.

— Taiyang Zhang, CEO, Republic Protocol

About Ren

Ren is an ecosystem for unstoppable privacy. Transfer tokens in zero-knowledge, trustlessly swap between blockchains and trade on a dark pool.

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