Rays: the Universal Scheme of Crypto Payments for Companies and Private Clients
The market of cryptocurrency is growing, and now you can buy a couple of cups of coffee for bitcoins in a large Moscow restaurant. The B2B segment does not lag behind, the million-dollar deals are made, industrial lots of goods are paid, and services are ordered in the cryptocurrency.
The needs of business and private clients, as always, differ. Large companies are interested in absolutely safe and encrypted payments for which they are willing to pay relatively high commissions. Private customers are looking for funds for the fastest payments with a small commission. Existing platforms respect the interests of one of the parties, but is it possible to implement a universal solution that would suit everyone?
Developers of the Rays platform offer just such an ecosystem: Flexible Blockchain Network. FBN adapts to two types of transactions (for business and ordinary users), provides safe, fast and free transfers of any volumes of the cryptocurrency. Unlike existing payment platforms, Rays allows you to send any crypto payment in seconds.
How Does the Rays Platform Work?
The technical basis of the ecosystem is Bulletproof protocol, which uses a reduced transaction block size that is compatible with completely anonymous hashing algorithms. From the user's point of view, this means accelerated transactions with a privacy level similar to ZCash and Ethereum. The calculations are carried out on a logarithmic scale, which works several times faster than standard linear computations.
The creators of Rays distinguish three working modules, on which the system is based.
1. Enterprise Privacy Blockchain Solution – a tool for large companies that send significant amounts of data or information on the blockchain chains. The application retains complete data anonymity (unlike standard decentralized networks), does not depend on the requirements of any power structures. A decentralized server system ensures the availability of data at any time, while transactions are much faster. Users can choose the type of transaction (public or private) so that the system load is distributed evenly. For example, standard working documents can be sent over a public network, and transactions and information classified as commercial secret - on a private.
2. Customized Delegated Proof of Stake (C-DPoS) – an algorithm of consensus, which involves the transfer of coins or data to the addresses of user wallets, even offline. The technology speeds up the transaction, reduces the load on the system - no simultaneous presence of all users is required to complete the operation. C-DPoS is a modification of the Proof of Stake protocol, which is used for mining of the most modern cryptocurrencies.
3. Rays Multi & Microtransactions – a tool for fast payments for small amounts. The user can transfer a small amount of cryptocurrency simultaneously from several wallets to different addresses and send fixed amounts to several recipients at the same time. This architecture allows you to pay for goods and services in cryptocurrency, repay debts to banking institutions.
The competitive advantage of the project is 3S Wallet, which combines the advantages of "cold" hardware and online wallets. The application is automatically turned off after a set period of time, quickly restored (if data is lost), and the user facilities are protected by two-factor authentication. The login data is administered by the integrated KMS (Key Management System) - a tool reminding the user to update the login and password.
2. Customized Delegated Proof of Stake (C-DPoS) – an algorithm of consensus, which involves the transfer of coins or data to the addresses of user wallets, even offline. The technology speeds up the transaction, reduces the load on the system - no simultaneous presence of all users is required to complete the operation. C-DPoS is a modification of the Proof of Stake protocol, which is used for mining of the most modern cryptocurrencies.
3. Rays Multi & Microtransactions – a tool for fast payments for small amounts. The user can transfer a small amount of cryptocurrency simultaneously from several wallets to different addresses and send fixed amounts to several recipients at the same time. This architecture allows you to pay for goods and services in cryptocurrency, repay debts to banking institutions.
The competitive advantage of the project is 3S Wallet, which combines the advantages of "cold" hardware and online wallets. The application is automatically turned off after a set period of time, quickly restored (if data is lost), and the user facilities are protected by two-factor authentication. The login data is administered by the integrated KMS (Key Management System) - a tool reminding the user to update the login and password.
The Crowdsale and the Further Development of the Project
The team of the project has prepared 500 million RAYS tokens, it is planned to collect from 3 to 20 million dollars during the crowdsale (soft and hard caps of the project). 40% of the tokens will be sold during the ICO, 40% will go through the DPoS scheme and ensure the operation of the ecosystem, 12% is transferred to the team, 5% is reserved, 3% is transferred to the advisers, Bounty and the referral program participants.
Whitepaper and the official website of the project are oriented to the needs of B2B, but the functionality of the application attracts private investors as well.
The team of the project has prepared 500 million RAYS tokens, it is planned to collect from 3 to 20 million dollars during the crowdsale (soft and hard caps of the project). 40% of the tokens will be sold during the ICO, 40% will go through the DPoS scheme and ensure the operation of the ecosystem, 12% is transferred to the team, 5% is reserved, 3% is transferred to the advisers, Bounty and the referral program participants.
Whitepaper and the official website of the project are oriented to the needs of B2B, but the functionality of the application attracts private investors as well.
Website: https://rays.network/
WP: https://rays.network/whitepaper1.0.pdf
TG: https://t.me/RaysNetwork
WP: https://rays.network/whitepaper1.0.pdf
TG: https://t.me/RaysNetwork
my : shetiyawanleo
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