The Comparison of Rays Network with Bitcoin and Ethereum
1.Bitcoin
Bitcoin is the first cryptocurrency which is essentially a digital currency. This currency form and the storage is digital. The inventor of Bitcoin for the first time is a/the group is not yet known who uses the name, Satoshi Nakamoto. Bitcoin can be used to make purchases of various services such as a game too with website hosting. For now, the number of services that accept Bitcoin is still quite limited. Even so, most of the people using Bitcoin for long-term investment. From time to time the price of Bitcoin continues to rise and reaches its peak at the end of the year 2017. Bitcoin is still using the blockchain technology is not so fast(people call blockchain version 1).
2.Ethereum
Ethereum is a platform, decentralized, can run the smart contracts, namely an application that can run itself according to the programming without any downtime, sensor, fraud or interference from the other party. Like Bitcoin, Ethereum is a network blockchain is a public spread. Although there is a lot of technical difference between Bitcoin and Ethereum, the most major differences are the purpose and function. Bitcoin offers a system of electronic money peer-to-peer to payment or transfer of Bitcoin. While Ethereum focuses the blockchain to run the program for decentralization, including the one of which the payment or transfer of Ether. Ethereum uses the blockchain technology standard (people call blockchain version 2).
3.Rays Network
The Rays Network is a cryptocurrency that aims to revolutionize the technology of the blockchain is already there. This Platform has adopted some of the features that reliable which is already known in the world of cryptocurrencies such as Customizable Delegated Proof of Stake (CDPOS) and Bulletproof Protocol, Not only limited to that alone, this Platform has modified the function to accommodate the needs of the community and the company.
Rays Network constructed on the basis on the technology of the blockchain. Although the technology block has been adopted from several years ago, however, there are still many problems with this technology. Rays Network is present to solve a lot of problems.
The Rays Network as a Flexible BlockChain Network (FBN)
The technical team is trying to develop a Flexible Block Chain Network (FBN), where users can switch between the regular mode or for the use of the enterprise. The products have been issued in the form of MVP that has been developed to demonstrate the concept of FBN.
The Features of the Rays Network
The Rays Network has a few features that as yet there is no blockchain that already exists,it is; Provides a Solution to Privacy for Companies, Bulletproof Protocol for Privacy, a Flexible Blockchain Network, Zero cost of Transactions, and much more.
By using the Bulletproof Protocols, privacy data on the blockchain will certainly awake with a safe.In addition, this protocol can reduce the transaction size is large. If you are an employee, there is a good news for you. With this protocol, employers can send the payment of salaries to their employees to make private transactions on a public network. We cannot find on the blockchain in the previous version(ethereum or EOS), wherein the old version, what data is distributed to the recipient can be seen by anyone using the blockchain and this is against the General Data Protection Regulations (GDPR), which prohibits such actions. With the presence of the Rays Network, users no longer need to worry about the security of data privacy they are on a public network. The Rays Network is also able to do Multi-transaction System, where it allows the sender to send the payment to the recipient with just one click. Transactions that occur in the Network very quickly and without bearing the cost (zero cost).
For more information, you can visit the following link :
Website: https://rays.network
Whitepaper: https://rays.network/whitepaper1.0.pdf
Telegram Groups: https://t.me/RaysNetwork
Facebook: https://www.facebook.com/RaysNetwork
Linkedin: https://www.linkedin.com/company/raysnetwork/
Twitter: https://twitter.com/Rays_Net
Blog: https://medium.com/@RaysNetwork
Youtube: https://www.youtube.com/channel/UCgh_M003xFPkhS9BFr-3e_g
ANN: https://bitcointalk.org/index.php?topic=4470532.msg%msg_id%
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