RYT Chain

1.3K posts

RYT Chain banner
RYT Chain

RYT Chain

@RYTchain

Sovereign-scale blockchain infrastructure. Architecturally gas-free rails for mass adoption. Quietly shipping in Pakistan and LATAM. https://t.co/cEQK2WQVhT

California, USA Beigetreten Aralık 2024
143 Folgt1.4K Follower
RYT Chain
RYT Chain@RYTchain·
RYT builds this at the protocol level. DID hooks and ZK verification are native to the chain, not a third-party integration. For a government issuing credentials to 260M people the infrastructure needs to handle verification at zero marginal cost with offline capability for rural areas. That's the architecture we've built.
RYT Chain tweet media
English
0
0
1
2
RYT Chain
RYT Chain@RYTchain·
Why this matters at population scale: Centralized identity databases are massive targets. Deepfakes now account for 40% of biometric fraud attempts globally with injection attacks up 9x in the last year. A system where personal data is distributed across holders rather than concentrated in one database fundamentally changes the attack surface.
English
1
0
1
6
RYT Chain
RYT Chain@RYTchain·
RYT's identity infrastructure uses W3C Verifiable Credentials and zero-knowledge proofs. Those are terms that get thrown around a lot in blockchain identity so this thread explains what they actually mean for the person holding the credential and the government issuing it.
English
1
1
2
21
RYT Chain
RYT Chain@RYTchain·
A $200 remittance loses $12-14 to fees through traditional rails. That's a family's grocery money. RYT fixes that.
English
0
1
2
26
RYT Chain
RYT Chain@RYTchain·
RYT suite of products includes our native solution to cross-border remittances. The corridors we're building for first are US to Pakistan and US to UAE, high-traffic routes where a typical transfer is $200. The sender is usually supporting family back home.
English
2
1
4
65
RYT Chain
RYT Chain@RYTchain·
How does our system compare? Correspondent banks charges 6-7% on a $200 transfer. Crypto rails cut that, however the protocol layer also matters in ways that aren't obvious. Users don't need native tokens to send, receive or transfer funds on RYT. The blockchain doesn't add gas costs on top of RYT's service fees. And deterministic settlement means what you send arrives, no failed transactions or mempool uncertainty. For someone sending $200 to family, that combination of low fees, token-free access and guaranteed delivery is the product.
RYT Chain tweet media
English
0
0
1
15
RYT Chain
RYT Chain@RYTchain·
The key piece most remittance startups can't replicate: Access to informal channels like Hawala netowrks. Hawala networks move roughly half of Pakistan's remittance volume. Those operators aren't criminals. They're small businesses serving communities. But they can't navigate the compliance process to become official. RYT gives them a path to get compliant and keep operating rather than competing against them.
English
1
0
1
14
RYT Chain
RYT Chain@RYTchain·
Something we think about a lot internally: Studies consistently show the majority of digital government projects fail to meet their goals. Across all digital government projects, not just blockchain. The baseline failure rate is significant. The reasons are predictable: ✖ Scope creep ✖ Vendor lock-in ✖ Infrastructure designs that don't account for the populations actual connectivity that is mobile and may be intermittent access at best. RYT is building for governments. That means we're building into that failure rate. The only way to beat it is to design for the constraints that cause failure, not for a demo environment where everything works perfectly. ✔ Mobile-compatible nodes ✔ Offline functionality ✔ Predictable costs that don't change when the network gets congested. Common-sense attributes that determines whether the thing actually works.
English
0
1
1
21
RYT Chain
RYT Chain@RYTchain·
To our team, our partners and the communities we're building for across Pakistan and beyond. Wishing you a blessed Eid with your families.
RYT Chain tweet media
English
0
3
4
19
RYT Chain
RYT Chain@RYTchain·
That gap is the opportunity. Emerging market capital markets need sovereign-controlled infrastructure with predictable economics and compliance frameworks mapped to local regulation. Privacy, compliance, speed, determinism and predictable cost structures. That's what we're building at RYT.
English
0
0
0
9
RYT Chain
RYT Chain@RYTchain·
A securities depository in MENA or a central bank in LATAM operates under constraints that look nothing like London or New York. ✖ Regulatory frameworks don't mirror US or EU structures ✖ Market sizes and investor profiles are different ✖ Cost parameters for multi-year infrastructure contracts are tighter. The platforms LSEG and DTCC are building won't be designed for those environments.
English
1
0
0
13
RYT Chain
RYT Chain@RYTchain·
This creates a specific dynamic for emerging markets. When LSEG and DTCC build their own infrastructure, they're building for their own regulatory environments and their own institutional clients.
English
1
0
0
7
RYT Chain
RYT Chain@RYTchain·
London Stock Exchange Group (LSEG) has launched three blockchain platforms in five months. 1️⃣ Digital Markets Infrastructure in September 2️⃣ Digital Settlement House in January 3️⃣ Digital Securities Depository in February Rapid development for a legacy FMI.
English
1
2
2
26
RYT Chain
RYT Chain@RYTchain·
They're not alone... ➔ DTCC got SEC approval to tokenize DTC-custodied assets including stocks and US Treasuries. ➔ NYSE is building an onchain trading platform. ➔ Nasdaq filed for tokenized equity trading. Leading Western exchanges are moving forward on blockchain settlement capability simultaneously.
English
1
0
0
17
RYT Chain
RYT Chain@RYTchain·
EVM compatible but fundamentally different underneath. Zero gas, native identity and a way to reach hundreds of millions of users without a crypto wallet.
English
0
1
3
22