EVM privacy

Each participant, meaning each financial institution, installs Rayls Sovereign. For maximum privacy it is designed to be installed on-premises within the institution's own infrastructure and behind its firewall, although it is also possible to consume Rayls Sovereign as a service, where a major institution offers it to smaller institutions at the cost of some of that privacy.

Every Rayls Sovereign deployment also comes with a Relayer, which connects the Rayls Sovereign ledger to the Private Network Hub.

Given that setup, privacy in Rayls works as follows:

1. Anything done inside the Rayls Sovereign ledger is, by definition, private
2. A Rayls Sovereign ledger can send tokens to and receive tokens from other institutions, through the Private Network Hub
3. Tokens sent and received in this way are encrypted with post-quantum cryptography
4. Participants of the Rayls Private Network, meaning the other institutions and the node validators of the Private Network Hub, cannot see any information about the private transactions