Rays Network

Rays Network can be a safe and private blockchain for businesses or a safe and fast cryptocurrency for the public. Each transaction will have an option whether the transaction is private or public.

Technological ideas

Rays aims to create a flexible Blockchain that can be switched between General and Enterprise users.

Rays Network can be a safe and private blockchain for businesses or a safe and fast cryptocurrency for the public. Each transaction will have an option whether the transaction is private or public. A public transaction will look like a normal transaction on the Ethereum chain. Meanwhile, in a separate transaction, everyone knows that a transaction is being made but only the intended recipient can see what it is. inside transactions. This can be done with the Zero Knowledge Knowledge Bullet proof, a security protocol.

The consensus algorithm used in Rays Network is Proof of Shareholding (CDPoS). CDPoS is just an improvement of DPoS with reliable and efficient labels assigned to the best performers. By implementing the CDPoS, RAYS owners can still bet on RAYS money even if their wallets are off.

Beside the public key and public key, each user can create an ID key that allows the sender to choose the personal data he or she likes to attach and disclose to the recipient. To do that, users need to create a profile so they can enter as much information as they like. Upon completion of the profile, the user may create some ID keys associated with personal information. The information is stored only in the user's wallet, not in the blockchain.

The technology that the project intends to apply to their network is not new technology but the idea of this project sounds interesting. The combination of business and public blockchain will attract more users for the network. The most important thing is whether they can recognize their ideas or not. DPoS and BulletProof are not commonly used as other mechanisms, which can cause the group to spend more time applying these technologies to their networks and using them effectively.

Team

a. Main group

The team is quite large with profiles of many members in the site. Here are some core members:

Umar Shafiq (Co-Founder, CEO): He holds a Master's degree in Electrical and Electronic Engineering from the University of Surrey and a PhD in Aerospace, Aviation and Aerospace Engineering. He is the founder of GraphBlock. He is also a consultant to WeiCrowd, a market worth and Fledo, a social networking business. Currently, he is the CEO of another ICO project called Hopper Crypto Wallet.

Tomek Betko (Co-Founder, Director, Architectural Designer DPoS): He is co-founder of Crypto-currency finanse I inwestycje . He is currently an advisor to DAPS coin, an ICO project.

Michal Mikolajczyk (Co-Founder, CCO): His academic background is in law. He has worked for Corr Recruitment for recruiting and HR services. He is the site's lead in Randstad, a human resources company.

Mattias Kruskopf (CTO): Postdoctoral researcher at the National Institute of Standards and Technology

Route

Route really detailed. Private and Presale information will be available from July to November and the public sale will begin in December.

As noted in the roadmap, electronic wallets and technical papers will be released in Q3, 2018. However, no technical documentation yet. Github also shows that the team is not really active in project development.

Advantages of the project

The Rays Network idea can simultaneously provide blockchain services to businesses and public users. Instead of using two separate blockchains, thanks to the integration of public and private blockchains, it is more convenient for users to make transactions for different purposes.

They have a well-balanced team from blockchain, communications, marketing or management. The team was also impressed.

Details:

Website: https://rays.network/

Whitepaper: https://rays.network/whitepaper1.0.pdf

Facebook: https://www.facebook.com/RaysNetwork

Twitter: https://twitter.com/Rays_Net

Telegram: https://t.me/RaysNetwork

ANN thread: https://bitcointalk.org/index.php?topic=4919643

Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2094911

ETH: 0xBF9C897a5267301FFC07629e00D3961DA495aAf8