GMGM🌤️
Kaito has been a bit of a bit of a mess lately, @cookiedotfun Little Cookie has just hit the new project @RaylsLabs , and the rewards look good, take a bite
(I heard that @cookiedotfun can still eat dozens of dollars for a penny, and Doyte will add points)
I haven't looked at how many points I have scored for a long time, and now I am 🤠 32
@JoinSapien @OpenledgerHQ @recallnet @RaylsLabs @LABtrade_ @antix_in @vooi_io @build_on_bob @tenprotocol @Almanak__
I'm done with Aite, add it, give me a lot of extra points 🙌🙌
This reward is directly illustrated 🎁
A total of $500,000 worth of RLS tokens were distributed to the platform
$400,000 worth of RLS tokens were distributed to the top 500 on the Snaps list
$100,000 worth of RLS tokens were distributed to COOKIE token stakers
In addition, the tokens obtained will be unlocked 50% 7 days after the TGE.
This time it won't be a moth 500,000 token, right?
Currently the one with the most generous @cookiedotfun rewards
What does RaylsLabs do?
You can think of it as an "expert in tailor-made blockchain systems for banks."
1⃣ What does it do?
Traditional banking systems are sometimes slow, have high fees, and make cross-border transfers cumbersome. RaylsLabs wants to use the latest blockchain technology (the same technology behind Bitcoin and Ethereum) to help banks build a new system that is more efficient, secure, and must be compliant.
To put it simply, they have built an exclusive and advanced "financial highway" for banks.
2⃣ What is its core technology ("magic weapon")?
Their core product is called the "Enygma" protocol, which has the following powerful features:
1) Ultra-fast speed: Their private chain system can process more than 10,000 transactions per second, which is much faster than traditional blockchains (such as Ethereum) and can meet the massive transaction needs of banks.
2) Confidential and transparent: This is the best part. The use of "zero-knowledge proofs" can protect the privacy of both parties to the transaction, but at the same time show evidence to regulators when needed (such as police investigating money laundering). It's like your transaction records are in a special envelope that only the person who gets the key (authorization) can see it, otherwise no one can see it.
3) Ability to connect with other systems: Their "atomic transfer" technology allows assets to be securely transferred between this "private highway" and other "public roads" (such as Ethereum), which is very convenient.
4) Developer-friendly: It is compatible with Ethereum's development environment. This means that developers who originally wrote programs for Ethereum can easily come over and develop new applications, reducing costs.
3⃣ Where is it better than its competitors?
There are other companies on the market that do enterprise blockchain, but RaylsLabs' strengths are:
Understand banks better: Others are doing "general systems", and they are doing "financial special systems", which directly embed the compliance (KYC/anti-money laundering), supervision and other functions required by banks.
Stronger performance: faster than the competition.
More open: It can better connect with other blockchain ecosystems and is not as closed as some competitors.
4⃣ Where can it be used?
Their technology can be used in many financial scenarios:
Cross-border payments: Make sending money as fast and cost-effective as sending an email.
Digital assets: For example, turning houses and famous paintings into digital tokens for transactions while protecting the privacy of buyers and sellers.
Supply chain finance: Make loans and transactions between businesses more transparent and efficient.
🎯 To sum up:
RaylsLabs is a technology company that specializes in helping banks and financial institutions "upgrade and fight monsters". It uses the latest blockchain technology to create an exclusive highway for the financial industry that is fast, secure, and fully compliant with government regulations, making the flow of money and assets more efficient.
@cookiedotfun @fwielanier
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