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.

https://cdn-images-1.medium.com/max/1280/0*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.

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