Blockchain, the technology that has supported the much-hyped bitcoin ecosystem, has piqued the interest of the financial sector. The industry that witnesses millions of transactions worth trillions of dollars every day is now beginning to experiment with blockchain to see how the 'decentralized ledger of all transactions across the network' concept can be leveraged to transform the global financial system.
Blockchain is billed as a tamper-proof technology that can run simultaneously on millions of devices across a network, making it failure-tolerant as well. The technology uses 'smart contracts' to automate the recording and execution of transactions, with the potential to drive down processing costs significantly. However, it isn’t necessarily the cure-all panacea for the world’s problems that many evangelists would have you believe.
Blockchain has an environmental cost
Lack of regulation creates a risky environment
Its complexity means end users find it hard to appreciate the benefits
Blockchains can be slow and cumbersome
The “Establishment” has a vested interest in blockchain failing
All the above drawbacks will be solved by the Rays Network.
Advantages of Project :
Rays Network is a cryptocurrency that aims to solve issues that are preventing the blockchain technology from going mainstream and in this manner revolutionizing your involvement in the cryptocurrency world. The adoption of the blockchain has expanded over the couple of years and on account of RAYS Network. Rays Network has a few features with which the blockchain will be revolutionized and these are; Enterprise Privacy Blockchain Solution, Bulletproof Protocol for Privacy, Flexible Blockchain Network, Zero Transaction fee, Microtransactions, Multi Transaction System, RAYS Research Laboratory, Quantum Proof and some others.
With RAYS Enterprise Privacy Blockchain Solution (EPBS), managers can send installment to their workers by making private exchanges on an open system. On the conventional blockchain frameworks, anything that is shared on the general population blockchain can be seen by anybody utilizing the blockchain including data on workers' pay rates and this is against General Data Protection Regulations (GDPR) which precludes such practices. Because of RAYS Network, workers never again need to stress over presentation of their securities (when pay rates are concerned) when their managers pay their pay rates on an open system.
The digital ID security layer of the Rays 3S wallet is one of the extra features we were waiting for. Every Rays User will get a digital ID (up to 9 digits) to access the 3S wallet. With no submitted private information to the network when connecting it offers additional privacy. The second extra security layer is an optional fingerprint scan, accessible by a smartphone app, and you will be able to choose if you like to add it or not. However, Rays are not stopping here. The team added 2FA, and anti-phishing measures to their already save hardware wallet.
The main objective of Rays Network is to provide a secure and private blockchain for the industrial community where there transactions and all the other interactions are recorded safeguarding their quality and standard along with privacy. Many cryptocurrencies in the modern world have issues regarding the safety and privacy of the blockchain technology, and users of the crypto community are constantly made to encounter challenges due to these failures regarding security and privacy. Ray Network who is well aware of this situation promises its users in providing the highest security in safeguarding the information related to their interactions in the crypto community by finding solutions to issues regarding the blockchain technology.
Partners:
Token and ICO Details :
TOKEN DETAILS
Token name RAYS
Price 1 RAYS = 0.25 USD
Platform Ethereum
Accepting ETH, BTC, XSH
Minimum investment 0.1 ETH
Soft cap 2,000,000 USD
Hard cap 20,000,000 USD
Whitelist/KYC= No
ICO rantings :
Rays Network appreciated by many experts and ICO review sites:
+https://icoholder.com/en/rays-network-22491
From the author :
The idea and technology behind the Rays Network is outstanding. RAYS team project managers and engineers are highly reputed as we notice they are dealing a huge set of launches where they are integrated into a secure communication system. The team is with a solid background who are experts on this special matter. Given the growing popularity of ICO, and based on the number of scams and projects that are not able to develop, the idea of creating a project that ensures the safety of investors is quite promising. Rays Network will allow investors not only to choose the most promising projects, but also to monitor the use of invested funds and withdraw their investments in case of uncertainty in the further development of the RAYS.
For more information you can visit Rays Network's official site and read their whitepaper. The links can be found below.
Website: https://rays.network
ANN: https://bitcointalk.org/index.php?topic=4470532.msg%
Whitepaper: https://rays.network/whitepaper1.0.pdf
Telegram: https://t.me/RaysNetwork
Facebook: https://www.facebook.com/RaysNetwork
Twitter: https://twitter.com/Rays_Net
AUTHOR : Henry7
Profile : https://bitcointalk.org/index.php?action=profile;u=1627817