RAYS Network

RAYS Network

Created using Figma
Created using Figma

Last Update

Sep 18, 2018

The RAYS network is based on a completely new block chain technology that is constantly growing and improving. Block chain technology has been adopted more and more from several years ago, but there are still many problems that prevent this technology from becoming mainstream. The RAYS network is trying to solve many of these problems. The RAYS network is a cipher that aims to revolutionize your experience in the cryptographic world. We have identified a common encryption problem from usability to operation of distributed system. We have adopted functions known in cryptography world such as delegation proof (DPoS) and bulletproof algorithms, but we changed the function to respond to the needs of the community.
Public Sale
Dec 1, 2018
Dec 31, 2018
0% completed
Raised funds - no Data
Goal 10 000 000 USD
Cap 1 000 000 USD
upcoming
  • 1 RAYS
    =
    0.5 USD
Private and Pre Sale
Sep 1, 2018
Nov 30, 2018
89% completed
Raised funds - no Data
Goal 10 000 000 USD
Cap 1 000 000 USD
ongoing
  • 1 RAYS
    =
    0.15 USD
Token Details
Ticker
RAYS
Accepted Currencies
ETH, BTC
Company Details
Registered Country
United Kingdom
Additional Details
MVP/Prototype
Yes
Platform
ETHEREUM
Categories
Platform

About RAYS Network

 The industries need a blockchain which should be Secure and Private. General cryptocurrency users require Low Transaction Fee, Fast Speed, and Security. 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.

Features

▪Customized Delegated 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 & Microtransactions

▪Multi Transaction System (MTS)

▪RAYS Research Laboratory

▪RAYS 3S Wallet

▪Quantum Proof

▪GDPR Compliance

Technical Info

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. 

Bulletproof protocol is the latest theoretical protocol under tremendous research that aims to revolutionize the privacy in cryptocurrency and blockchain. Logarithmic in size, Bulletproof protocol reduces the block transaction size to a great deal compared to other Privacy protocols such as ZK-SNARKs and Non-Interactive Zero Knowledge Proof of Knowledges (NIZKPK), being or planned to be used by ZCash, Ethereum and EOS, respectively. For example, If all Bitcoin transactions were confidential and used Bulletproofs, then the total size of the UTXO set would be only 17 GB, compared to 160 GB with the currently used proofs. This is a significant improvement in terms of reducing the size of the whole blockchain network. Hence, Bulletproof Protocol is logarithmically smaller than other linear privacy protocols.

One of the special features of our project is Customized-Delegated Proof-of-Stake or C-DPoS. It is the most decentralized, fast, and efficient protocol known to date. C-DPoS is an extended version of DPoS with  inclusion of Trusted and Efficient labels being assigned to best performing Delegates. C-DPoS a robust and flexible consensus protocol. Deterministic selection of block producers will allow transactions to be confirmed in an average of just 1 sec. DPoS is the best consensus algorithm in terms of maintenance costs and security. By implementing this algorithm, our users (RAYS holders) will be able to stake RAYS coins even when they have their wallet turned off. This is a much more pleasant and convenient solution than in the case of ordinary PoS where users (holders) must have a 24/7 wallet open.

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.

RAYS Network Roadmap

  • Q1 - 2018

  • RAYS idea created - Initial Team Formulation - Creation of Roadmap - Official social media & official email - Github for RAYS Project developers - Research and Study of Existing Blockchain Protocols and Algorithms - Understanding the needs of customers - Team Discussion and Decisions for Solutions to ensure the requirements of Community - Whitepaper Preparation
  • Q2 - 2018

  • Website Launch - RAYS Network Ltd registration (first office in UK) - RAYS Skymap (Roadmap) - Pre-launch marketing strategy and materials - Research regulations and compliance procedures - RAYS Enterprise and Digital ID Core Preparation - RAYS 3S Wallet Discussion - Find current projects that will provide valuable functionality to RAYS Enterprise - Whitepaper 1.0 release - Preparation for AI Master Nodes Dev & Quantum Proof - Preparation of Digital ID Implementation - Understanding Industries and Integration -Marketing campaigns launched to increase awareness of RAYS Project - Preparation for Private and Pre Sale - AlphaMVP – RAYS Simulator 1 - ERC20 Smart Contract for Token Sale - Smart Contract Audit
  • Q3 - 2018

  • Private and Pre Sale - Technical Whitepaper 1.0 release - Preparation for Exchange Listings - Preparation for RAYS Cloud Wallet - FBN Blockchain Development Starts - Release of Cloud wallet - RAYS Partnerships - Preparation of Windows and Linux wallets - RAYS Enterprise Relocation - Prepare for RAYS Exchange - Team Expansion
  • Q4 - 2018

  • First Partnership Announcement - Release Windows and Linux Wallets - List on at least one top rated exchange other than IDEX - Listing on https://coinmarketcap.com - Preparation for RAYS Smart Contracts - Release RAYS Exchange - Technical Whitepaper Update 1.1 - Release New Roadmap for 2019
    Preparation for RAYS Mobile App
    Establishment of RAYS office in Asia
    Academic Collaborations and Establishment of RAYS Research Laboratory
    Skymap for year 2019 release
  • Read More
  • 2019

  • AI Master nodes
    Quantum Proof
    More Exchanges
    New Partnerships
    RAYS Flexible Blockchain Network (FBN) Performance and Security Audits
    RAYS 3S Wallet
    RAYS Mainnet Deployment
    And a Lot More to Come

Activity

Activity:
462
VERY HIGH
Posts:
122
LOW
Views:
2 387
LOW
Activity:
462
VERY HIGH
Merit:
250
HIGH
Posts:
431
MEDIUM
Views:
13 072
VERY HIGH
Users:
94
LOW
Posts:
296
MEDIUM
Followers:
2 222
MEDIUM
Likes:
2 136
MEDIUM
Followers:
1 056
LOW
Tweets:
1
VERY LOW
Fake Users Detected:
1.44%
30 Days Growth:
-191
Members:
16 659
VERY HIGH
Investors Detected:
3.09%
30 Days Growth:
-240
Alexa
Rank:
1 382 786
VERY LOW
Delta:
966 934
Year commits:
118
Watchers:
24
Stars:
24
Forks:
3
Open issues:
0

Team

Verified 100%

Director
verified
CEO
verified
CCO
verified

Advisors

Verified 100%

Advisor
verified
Advisor
verified
Advisor
verified
Advisor
verified

Former members

Advisor
Advisor

RAYS Network Interviews

Tomek Betko
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
CEO and Co Founder at Rays Network
Umar Shafiq
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Co Founder and Chief Strategy Officer at RAYS Network
Michal Mikolajczyk
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Chief Compliance Officer
Ismail Malik
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Super motivated team really building solid ground up community.
Daniel Steeves
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I work across the board with the founders, team and other advisors where I provide end-to-end input on the overall business, token and ecosystem models and guidance on the ICO, the whitepaper and "planning to move forward".
I think the team is onto a great idea and I'm pleased to be helping them deliver on it.
Badri Narayanan
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
This is an unprecedented and pathbreaking project
Simon Emil Bierling
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Marketing Advisor, experienced in Neuroscientific Research, Social Media Marketing, Sales and Blockchain.
Subhajit Chakrabarty
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Advising on blockchain research & development and for collaboration with universities
Joss Colchester
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Definite contender as a next-generation blockchain infrastructure

Last News

3.66
stable
5.0 20
ICO Profile Vision Activity Potential Product Team

RAYS Network Reviews

Nikolay Shkilev
PhD | Entrepreneur | CEO | ICO Advisor | Crypto enthusiast | Blockchain expert | Public speaker | Mentor

The team at first sight seems impressive and big, but when attentively looked at, it appears that that the team consists of advisors and people from other projects. Many don't have enough international experience. So who actually stands behind this project?
Also I delivered 3 because KYC verification isn't passed. If you undergo verification - I will deliver 4.

On the ideas - firm 5. Brilliant idea with fast a blockchain and with zero fees for transactions. Excellent comparison with other blockchains. The only thing I didn't understand is why in the video you talk about 10 000 tps per second, and on the website and in WP about 100 000 tps per second?

The idea about Digital ID and about security is also genius. Also ability to integrate with your cold wallet Hopper.

White Paper is well-written and it pleases me that you paid attention to GDPR.

So far, I put 3 for the product as the prototype is ready, but the product itself is unfinished and not everything that you wrote on the website is realized. As far as I understand you work in 5 directions?!
We'll wait for when you complete all of this, then I will reconsider, and hopefully, up the assessment.

Here's a tip - add Medium and Bitcoinwiki. And also I ask to develop the community stronger. It's going to result in more living people than bots.

In general, the idea is pretty much brilliant and I sincerely wish you will implement and achieve all your goals.

Good luck!

Read More
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