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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

Below is a diagram that shows all these features.

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?
- Yes! 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.

Token Distribution