Rays Network, A Blockchain Based On Customized DPOS And Bulletproof Protocol

airhunter (35)in #raysnetwork • 6 years ago

The blockchain is a technology introduced along with the Bitcoin by one of a person or group calling itself Satoshi Nakamoto, who were reluctant to talk about a couple of this technology in use to record the financial transactions of bitcoin.

The Blockchain is a data structure that can not be changed can only be in addition. Any data from the blockchain is connected wherein if there occurs a change in one of the blocks of data will affect the data that next. With the blockchain, every transaction of bitcoin in the saves in an Open Ledger ( a Large Book ) distributed to the bitcoin network. Every blockchain this will be distributed the copy of the data to every computer connected on the network. On each addition of data will be no checking of whether data is valid or not, which usually this process is called mining or in the know in terms of other Proof of work.

A New blockchain platform has been present. It is The Rays Network. The Rays Network try to bring the system blockchain that does not exist on the system blockchain that exists at this time. Rays Network tried to fix some system that is not perfect on the system blockchain that already exists today.
The Rays Network is a blockchain platform for addressed to the company with transaction speed high and equipped with advanced security systems. Each transaction has a choice of whether the transaction is carried out is private or public. If the user chooses the transaction to the public, the system will process the transaction such as the transaction on the blockchain that already exists such as transactions that occur on the Ethereum blockchain.

Meanwhile, Users can also perform certain transactions addressed to a recipient that has been selected only, so only those who can see what's in the transaction. This can be done by using Bulletproof Non-Interactive Zero Knowledge Proof. This project aims to create a Flexible Blockchain Network that can switch from a general nature or for personal specifically. In addition, the consensus Algorithm used in this Platform using Customizable Delegated Proof of Stake (CDPOS). By applying the CDPoS, the system running will be more efficient as well as more energy efficient.

Unlike the system of the blockchain which is already there. The user not only has the private key and the public key only. But each user can also create an ID key which allows a data sender to select the data that he had he choose to be sent to specific recipients only. In doing so, the user needs to create a personal profile where he can enter information about it. After that, the user can create multiple key ID associated with the personal information. Not to worry, this Information is only stored in the wallet users only, not in the system of the blockchain.
The project intends to implement a more flexible system in the system of the blockchain. Combined between the company and the public blockchain will attract more users on this platform.