Republic Protocol: An Introduction

An open-source decentralized dark pool for trustless cross-chain atomic trading of Ether, ERC20 tokens and Bitcoin pairs.

Today, we’re happy to introduce Republic, a protocol for block trading significant amounts of crypto assets between BTC/ETH, BTC/ERC20 and ETH/ERC20 pairs on a decentralized dark pool.

In traditional US and European equities markets, dark pools constitute roughly 10–30% of all trades. For context, JPMorgan, Goldman Sachs, Fidelity, Deutsche Bank, Morgan Stanley are a few brokers who own dark pools.

Republic Protocol removes the need for a trusted intermediary to operate a dark pool and provides crypto-economic incentives through a protocol token; enabling the development of a secure, decentralized, scalable dark pool protocol capable of handling billions in trading volume daily.

What is a dark pool?

A dark pool is an exchange where orders are placed and executed on a hidden order book.

Why use a dark pool?

Exchange large amounts of Bitcoin, Ether and ERC20 tokens without revealing your identity or size of trade until after the trade is filled. (Further currency support will be provided in the future). Trade crypto assets with significant amounts of liquidity at better execution prices with minimal market impact relative to exchanges with a public order book.

The market opportunity