Project Overview
What does the company/project do?
Rays Network is a blockchain project that aim to revolutionize your experience in the cryptocurrency world. Rays has identified common challenges facing blockchain technology ranging from scalability, privacy, security and how dencentralized the systems operate.
Rays is going to do this by using a modified Delegated Proof-of Stake(DPoS) and Bullet Proof algorithm which will accommodates the needs of enterprises and cryptocurrency communities thereby enabling blockchain technology applications in business world.
Rays Network blockchain has maximum flexibility which gives it an edge over other blockchain solutions. It consist of a secure and private blockchain for industrial applications and a secure and fast cryptocurrency for general users. Rays already has minimum viable product(MVP) to prove the concept of flexible blockchain network.
Rays blockchain is designed to accelerate the role of blockchain in the business world and with this in mind, privacy is very important because not all enterprise data and payment need to be publicly viewable like in traditional blockchain systems like Bitcoin and Ethereum which doesn't give users right to their privacy. For example, let's assume you pay your employees using Cryptocurrency, most of them will not like the details of the payment to be publicly viewable. Rays will solve this issue by having an options before transmission of a payment whether the transaction should be public or private. This will be possible with the use of Bullet proof algorithm which will makke transaction to be locked by the sender and only be unlocked by the receiver.
Bulletproof is a type of Non Interactive Zero Knowledge Proof algorithm. It is the latest theoretical protocol under extensive research which aims to revolutionize the privacy in cryptocurrency and blockchain.
Rays will also implement one of the two additional protocols such as TOR or I2P which will give complete privacy to users. With any of this protocol, transactions cannot be traced.
Rays blockchain is highly scalable with 10,000(TPS) and all transactions carried out on the blockchain attracts zero transaction fees and this will make Rays cryptocurrency to be easily adopted by many.
Rays will use Customized Delegated Proof-of Stake(C-DoPS) consensus algorithm which is an extension version of DPoS. And with this algorithm, Rays holders will be able to stake Rays coin even when they have their wallets turn off.
Through Rays wallet, multi transactions will be possible by one user to multiple of users at once and this will be possible with the implementation of Bulletproof Protocol.
Rays will collaborate with top ranked academic institutions for the establishment of Rays Research Laboratory. This will be a network of laboratories around the world where researchers will collaborate for the reseach and development of blockchain solutions.
RAYS FEATURES AT A GLANCE
Customized Delegate Proof-of-Stake(CDPoS)
Bulletproof Protocol for privacy
Flexible Blockchain Network(FBN) [Public and Private]
Enterprise Privacy Blockchain Solution(EPBS)
Zero Transaction Fee
RAYS PAY and Microtransactions
Multi Transactions System(MTS)
Rays Research Laboratory
Rays 3S Wallet
Quantum Proof
GPDR Compliance Blockchain.
RAYS TEAM
Rays' team are made up of forty professionals in multiple field and they have the experience and relevant skills to bring this project to reality. They are truly the RAYS of RAYS NETWORK. Their full profile and biography can be find here
USEFUL LINKS
Project Whitepaper
Whitepaper
Telegram Open Chat
ANN Thread
Blog
Written and Reviewed by Adeyinka Joshua
Bitcointalk Username: Adebits
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=1249179