Raydollars

Raydollars (RAYD) is the native digital currency of the Ray Network, a blockchain-based ecosystem focused on payments, decentralized applications, and cross-border transfers. It is designed to provide fast, low-cost transactions, programmable money, and on-chain governance for participants in the network.

Raydollars were introduced by the Ray Foundation in 2022 as part of an open-source effort to create a scalable and energy-efficient blockchain alternative. The project emphasizes interoperability with other networks and aims to support a global user base.

The Ray Network operates on a public proof-of-stake blockchain with a modular design that supports smart contracts and cross-chain bridges. Transactions are settled on the main chain, with validators secured by stake and community governance playing a role in protocol parameter changes.

Total supply is capped at 10 billion Raydollars. New Raydollars are minted as staking rewards to validators and to users who participate in staking or other network services, following a predefined emission schedule to balance security and inflation.

On-chain governance enables RAYD holders to propose and vote on protocol upgrades, fee schedules, and parameter changes. Proposals typically require stake-weighted approval to pass.

Raydollars are used to pay transaction fees, settle on-chain operations, and reward network participants. The currency is accepted by a growing number of wallets, merchants, and dApps within the Ray Network and can be traded on major digital asset exchanges.

Security and regulatory considerations include concerns about price volatility, potential centralization in staking, and regulatory scrutiny affecting on-chain governance and cross-border payments. See also: cryptocurrency, blockchain, staking.