RAYS is at the forefront of blockchain technology
Bitcoin is considered to be the first generation of the blockchain. This was the first
way to transfer data using blockchain. Today bitcoin is on the same position
and its popularity is still growing but it has multiple problems that should be solved by the second block chain. Low transaction speed, pure security, and
difficult mining are on the top of the issues of the first blockchain generation.
The second generation of the blockchain offered “smart contracts”. It is a
a digital protocol that automatically performs predefined transaction processes
and does not require the participation of a third party (for example, a bank).
In addition, such transactions are traceable, transparent and irreversible.
Smart contracts not only contain information about the obligations of the
parties and the sanctions for their violation, but also automatically maintain
all contract terms. Smart contracts could be used on the financial market, in
accounting and auditing, chain management and logistics, in all sorts of voting
and digital identification.
The third generation of blockchain is a stage in the development of technology
that is based on the concept of a “smart contract”, but represents
decentralized, autonomous organizational units. It is the future of a
blockchain.
Today thousands of startups are trying to find their users offering more and
more updates, solving more and more issues, giving new possibilities on
crypto market.
RAYS is at the forefront of blockchain technology. RAYS Network is based on a
whole new blockchain technology which is growing and improving all the
time. One of planned blockchain feature is a one-click Multi-Transaction
System (MTS) where ahead of the company can send payments to all of its
employees using just one click. There are hundreds of such possible
applications of the blockchain. Not even limited to digital currency payment, in
such blockchain network, one user may send data to hundreds of other users
or systems in the blockchain.
Follow RAYS
Github — github.com/RaysNetwork
Twitter — twitter.com/Rays_Net
Facebook — www.facebook.com/RaysNetwork
Instagram — https://www.instagram.com/rays.network.ico/
