Decentralized Dark Pool Exchange Republic Protocol Testnet Sees 14,000+ Orders Matched

Republic Protocol Testnet Update – Over 14,000 orders matched

Republic Protocol CEO, Taiyang Zhang was ecstatic this week as he revealed the statistical reviews of the Testnet that has been running since the start of July. Mr. Zhang, discussed the operations of the Republic Protocol Testnet and its future utility while targeting global adoption.

The Republic Protocol is a platform designed for anyone who wishes to develop dark pools, tools and services, build automatic trading bots and any decentralized application on the protocol.

“We couldn’t be happier with what has been accomplished so far but with that said, it is important to discuss the future utility of the Republic Protocol Testnet, and how it will operate going forward,”Mr. Zhang said.

The CEO further discussed the future of Republic Protocol Testnet and its commitment towards decentralized cross – chain dark pool development and how the testing process is to be carried out. The Testnet Dark nodes acts as an area for users who want to build and develop dark pools, tools and services or test trading bots abilities while the team test bug fixes, protocol upgrades and experiment with implementations.

The protocol also has unique use cases outside of RenEx and fostering a community and innovative testing ground will remain top priority after the Main net Beta launch.

The Statistics On Republic Protocol Testnet

The statistics recorded on Republic Protocol Testnet, after running for the past two months have been positive and Mr. Zhang expects them to be even better well into the future as more tests are carried out on the protocol.

The Testnet approved hundreds of hundreds of applications — with over two hundred applicants taking the opportunity to run Testnet Dark nodes — and in the last two months over 14,000 orders have been matched.*d0uLedEgqsT5OjPC

Republic Protocol Statistics Over 14000 Orders Matched (Image: Taiyang Zhang Medium)

The Testnet had no given period to be conducted on their roadmap in 2018, but the team have so far completed (or are close to completing) the Implementation of the open source reference-Ubuntu & Docker package reference implementation-Nodes maintained by Republic Protocol partners-REN token powered DAO.

The Dates On Republic Protocol Testnet

The coming fortnight will see the Republic Protocol Testnet dark nodes closed from public participation due running of the nodes. The main platform [Republic Protocol Testnet] will remain available to the public with the development team at the company managing operations and developments on the project.

The running of the Testnet Dark nodes will begin on Friday 31st August 2018 and will run till 14th September 2018 with application testing taking place on 7th September 2018. See full schedule below.

  • Friday 31st August 2018: Applications for running Testnet Dark nodes will close. From this point, no more applications for Testnet Dark nodes will be accepted. However, the applications that have already been submitted will continue to be processed and approved over the upcoming week.
  • Friday 7th September 2018: Applications for running Testnet Dark nodes will stop being processed. From this point forward, no more applications for Testnet Dark nodes will be processed or approved. People that are already running Testnet Dark nodes can continue to do so for the next week.
  • Friday 14th September 2018: Public participation for running Testnet Dark nodes will end. Close partners and selected active community members will be offered the opportunity to continue to run Testnet Dark nodes.

More On The Republic Protocol Testnet

The Republic Protocol team continues to work towards becoming a global premier decentralized platform with governance of the platform left to the participants. The goal of the Republic protocol development team is to provide its users with dark pool trading of cryptocurrencies and other digital assets on a decentralized, cheap and efficient tokenized platform.

For this to be achieved, the team will allow users to conduct their own Testnets from their computers in addition to the one that will be operated by the Republic Protocol team. This is done on major blockchains such as Ethereum that runs different Testnets to trial different features and governance (for example, Ethereum has Ropsten, Kovan, and Rinkeby).

For more information on these alternative Testnet, you can contact the Republic Protocol team on their Telegram page for guidance and support.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin Will Emerge Stronger Out of the Ongoing Crisis: Congressman Tom Emmer

It is the fact that no one has centralized control over Bitcoin that makes it stand out in comparison to fiat currencies that are...

Coca-Cola to Utilize Baseline Protocol For Supply Chain Tracking with Exposure to DeFi

Coke One North America (CONA) has partnered with Provide and Unibright to streamline the supply chain of the largest coca-cola bottlers in the region...

USD-Pegged Cryptos & BTC Continue to Rise in Contradiction to the Falling US Dollar

The US dollar is not having a good start in the second half of 2020. The dollar index, which measures the greenback against a basket...

Coinbase Wallet Integrates Unstoppable Domains; Send Payments Via .Crypto Addresses

Coinbase Wallet, a service rendered by US based Coinbase crypto exchange is extending its support for Unstoppable Domains according to an announcement made by...

Mad Rush to BTC Coming Soon as Barstool Sports' Dave Portnoy Declares ‘I Want to Buy All the Bitcoins'

Dave Portnoy, the founder of Barstool Sports, has now turned his attention to Bitcoin as he said, "I want to buy all the bitcoins." Portnoy...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today