Website - https://rays.network
What is RAYS Network
RAYS Network is a cryptocurrency that has come to better your experience within the cryptocurrency world. RAYS Network is a whole new blockchaiin technology that has adopted and modified known features of the cryptocurrency world such as Delegated Proof of Stake and Bulletproof algorithm to meet its community members’ needs. In fulfilment of the community’s ( companies, private and retail investors ) requirements, RAYS Network was developed to create something useful for the community.
Features of RAYS Network
- Customized Delegated Proof of Stake ( C-DPoS )
- Bulletproof Protocol for privacy
- Flexible Blockchain Network ( FBN )
- Enterprise Privacy Blockchain Solution ( EPBS )
- Zero transaction fee
- RAYS pay and Micro-transactions
- RAYS 3S Wallet
- Quantum Proof
- General Data Protection Regulations ( GDPR ) compliance
How Does These Features Make RAYS Network Unique
- Companies, industries and every cryptocurrency users deserve better when it comes to their transactions. The cryptocurrencies in existence now obtain charges on transactions and these transactions too take quite some time in order to be completed ( get verified on the blockchain ). The Ultra-fast transactions with zero fees will enable users of the RAYS Network to make very quick transactions without transaction fees being charged. This will increase the scalability of our blockchain as businesses, industries, companies, and everyone adopt RAYS Network as a mode of payment. With the zero transaction fee features, people can make micro-transactions without worrying about transaction fees which may even be higher than the amount being transferred. Also, with the RAYS Multi-Transactional System, heads of enterprises will be able to send payments to hundreds of their employees at the click of a button.
- The C-DPoS feature makes RAYS Network the most decentralized, fast and efficient blockchain.
- Privacy and security issues are the major concerns that need to be addressed in the cryptocurrency world. We have all heard of news where some cryptocurrencies have been hacked and investors lost their investment through this hack. RAYS network is secured and safe and have even thought ahead to make its blockchain immune to attacks from quantum computers. With the EPBS feature in the RAYS Network, people can make private transactions on a public blockchain. The weakness with the use of traditional blockchain systems is that, anytime data is sent or transactions are made on a public blockchain, these data or content of transactions can be seen by unintended persons who are on the same blockchain and RAYS Network has found a way to better the traditional blockchain system.
- RAYS 3S Wallet. The 3S stands for Secure, Safe and Smart. This wallet will have a Two Factor Authentication and an Anti-Phishing measures that make it secured. If someone tries to access your wallet forcefully, there is an Automatic Disable Feature that will automatically disable the wallet after a number of unsuccessful attempts.
- RAYS Network will establish RAYS Research Laboratories all over the world. This is to bring researcher together so that they can collaborate in the research and the development of blockchain solutions for various industrial and general case problems.
RAYS Solution - Flexible Blockchain Network ( FBN )
We have a solution for both; a Secure and Private blockchain for industries, and a Secure and Fast cryptocurrency for general users. Our technical team is working on a Flexible Blockchain Network ( FBN ) which may switch between General and Enterprise users as required by the users for their needs. Sufficient progress has already been made and a Minimum Viable Product (MVP) has already been developed to prove the FBN concept.
RAYS Enterprise Privacy Blockchain Solution
Imagine that you are the head of an enterprise ( company ) and you want to send the enterprise data or make a payment to your employees at public blockchain network.
- In all the traditional blockchain systems, whatever you will share on the public blockchain can be seen by anyone using the same blockchain.
- This is against the rules of privacy and one’s right to privacy. Your employees may not want their salaries to be shown on public blockchain network.
- Regulations such as GDPR prohibit such practices.
- As a result of this, all activities performed on a public blockchain network are non-compliant to the rules set by such regulations.
- Blockchain networks such as Ethereum fail in these scenarios and may be violating the laws.
- In this scenario, one may consider a blockchain network which is private or offers complete privacy.
- Doing so kills the essence of blockchain technology and is against the basic principles of this innovation.
- Is there a solution in this situation to still ensure individuals privacy while making the use of a public blockchain network?
- RAYS Network exactly aims to solve this problem. Each transaction to be made at RAYS blockchain network will have an option before transmission whether the transaction should be public or private.
- A public transaction at RAYS public network will be like a normal transaction such as the transactions made at Ethereum blockchain.
- It is possible to make a Private transaction on a Public blockchain network. In this way, everyone can see that a transaction is made. But no one except the intended receiver can see what is inside the transaction.
- This will be made possible with the use of a Bulletproof algorithm. Each transaction will be locked by the sender and can only be opened by the intended recipient.
- Bulletproof is a type of Non Interactive Zero-Knowledge Proof algorithm.
RAYS Ecosystem
Types of Wallets
How will we achieve real Privacy and Security
- We will achieve real privacy and security by choosing the right algorithm ( in this case the Bulletproof Algorithm ). By refining it in our unique way, we will be able to achieve really high network scalability and keep the highest standards of safety at the same time.
- The implementation of one of the two additional protocols such as TOR or I2P will allow our users to enjoy total privacy. Thanks to these two protocols, none of the transactions can be traced in any way.
- The implementation of the bulletproof protocol will make the RAYS Network also immune to attacks from quantum computers.
RAYS 3S Wallet - Secure, Safe, & Smart
RAYS 3S Wallet will be a highly secure hybrid wallet with the encapsulation of keys using KEMs on hardware by means of highly advance cryptographic primitives like data protection, hash functions, digital signatures, and OAKMD schemes :
▪ Secure
- Zero Trust : RAYS Wallet’s security will be based on the principle of zero trust and will be protected by NIST approved advanced cryptographic primitives.
- 2FA : RAYS Wallet will have Two Factor Authentication.
- Anti Phishing : RAYS Wallet will have Anti Phishing Measures.
▪ Safe
- Pin Key : RAYS Wallet provides currency holders with a high degree of security via the use of a unique PIN key that can be up to 9 digits long
- Total Privacy : RAYS Wallet will use extra level of protection that doesn’t log private information when connecting to network
- Recovery : In the event of lost of the wallet seed, the user can easily backup his/ her wallet credentials via of a “ recovery scheme ”
▪ Smart
- Automatic Disable Feature : if a person tries to hack/ access the wallet forcefully, it will automatically disable itself after a certain number of failed attempts.
- Accountability : RAYS Wallet needs physical approval for all internal transactions to be executed.
- Smart KMS : The smart security policy of a key management system provides the rules that are to be used to protect keys and metadata that the Key Management System supports.
Token Distribution
Token Sale Plan
Roadmap
Are you a blockchain researcher, a blockchain developer, marketing manager, business manager, university professor, JOIN RAYS and be part of its great future.
For more details about our ICO you can also visit our website address below from me and thank you :
- Website : https://rays.network
- Whitepaper : https://rays.network/whitepaper1.0.pdf
- ANN : https://bitcointalk.org/index.php?topic=4470532.msg%msg_id%
- Telegram : https://t.me/RaysNetwork
- Facebook : https://www.facebook.com/RaysNetwork
- Twitter : https://twitter.com/Rays_Net
Article Writer : Epengcupeng12
ETH : 0x9A131b646dE6c83Ffd5703ebFf9Ac03869357E61
Tidak ada komentar:
Posting Komentar