Republia Virtual Machine is implemented using functional programming language Michelson, which supports formal code verification that allows to verify smart contract before it is launched on the network. Thus, due to formal code verification Republia VM will not execute smart contract in case an error occurs. Moreover, smart contracts correctness, because Turing completeness avoids fraud and delays in smart contracts. Smart contract, created on Republia platform, will never get caught in an endless loop, because it operates under the principle of a timestamp, which ensures execution of digital contract.
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Wallets with multi-signatures are safer, because more than one private key is required for access.
However, the attacker intercepted the data stream in the code of the company Parity, reinitialized the smart contract and made himself the sole owner of multi-signature wallets
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