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Last Update
Sep 18, 2018
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.
▪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
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.
Q1 - 2018
Q2 - 2018
Q3 - 2018
Q4 - 2018
2019
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!
