What is RISE?

RISE is an ecosystem for developers and businesses. RISE offers a platform for Decentralized Distributed applications and sidechain/token asset creation, powered by a Delegated Proof of Stake (DPoS) blockchain.

The token for the platform is RISE.

What is a blockchain?

A blockchain is a distributed ledger of all transactions or digital events that have been executed and shared among participating parties. Each transaction in the public ledger is verified by consensus of a majority of the participants in the network. As a public ledger of all confirmed transactions this forms a chain of all valid blocks. Unconfirmed transactions are not part of the blockchain. If a node disagrees on which blocks are valid, a fork happens. A blockchain is immutable, meaning information can never be erased. The blockchain contains a certain and verifiable record of every single transaction ever made. Blockchain lays the base for a democratic open and scalable digital economy.

What is DPoS (Delegate Proof of Stake)?

Delegated Proof of Stake (DPoS) is the consensus algorithm that is used by RISE. It combines elements taken from the Proof of Work (PoW), Proof of Stake (PoS). Delegated Proof of Stake is the fastest, most efficient, most decentralised, and most flexible consensus model available. DPoS uses the power of community approval voting to resolve consensus issues in a fair and democratic way.

How does the RISE network operate?

The RISE blockchain is secured by a network of connected peers, also called nodes. All nodes can register to become Delegates. However, only the elected 101 Delegates can earn RISE block rewards. Delegates are elected by the RISE community who cast their votes by staking RISE and voting with their RISE wallets. The vote weight of each wallet is in proportion to the amount of RISE it contains.

What are the RISE fees for different transactions?

  • 0.1 RISE of amount sent for a spend transaction
  • 5 RISE for registering a second passphrase
  • 5 RISE for registering a username
  • 25 RISE for registering as a delegate
  • 5 RISE per member for registering a multi-signature group

What are RISE tokens used for?

The fee for using RISE technology is in RISE tokens. Owning RISE tokens allows the right to create and use DAPPs and vote for delegates to secure the RISE network. The fee for using RISE technology may only be in RISE tokens.

What is a node?

A RISE node is a server or computer that has installed RISE software and connected to the internet. You can find more information about the RISE node here: https://github.com/RiseVision/rise-node

What is a Delegate?

A Delegate is a RISE node that has registered to be a Delegate with a registration fee of 25 RISE (subject to change). There are 101 elected Delegates (determined by voting weight of voters) actively forging block rewards. Delegates with a rank over 101 (102-∞) are classified as standby Delegates but still contribute to securing the RISE network.

What are the RISE Network Specifications?

Consensus Algorithm: Delegated Proof of Stake

Block Producers: 101 Delegates

Vote: 1 vote per wallet address

Block time: 30 seconds

Round time: 50 minutes 30 seconds

How can I vote for a Delegate?

You can vote for a Delegate through your RISE wallet. Select ‘Votes’ and then ‘Add Delegate’. There is 1 vote per wallet for RISE holders, where the vote weight is equal to the RISE in that wallet.

What is forging?

Forging is another term for block generation in the RISE network. To compare, with Bitcoin this process is called mining. Everyone can enable forging, but only the elected 101 active Delegates will actually forge and be awarded RISE for generating blocks.

To enable forging you can login via your wallet and manually select forging. Every update will require forging to be enabled again.

For optimum productivity, we recommend running your own node. See Github to learn more: https://github.com/RiseVision/rise-node

What is the forging reward schedule for RISE?

When delegates confirm a new block, they forge new RISE with the following inflation schedule which began on July 19th 2017:

Year 1:  15 $RISE per block (14.33% inflation)
Total Coins: 125,768,000

Year 2:  12 $RISE per block (10.03% inflation)
Total Coins: 138,382,400

Year 3:   9 $RISE per block (6.84% inflation)
Total Coins: 147,843,200

Year 4:   6 $RISE per block (4.27% inflation)
Total Coins: 154,150,400

Year 5:   3 $RISE per block (2.05% inflation)
Total Coins: 157,304,000

Year 6+:  1 $RISE per block forever

Where can I find the source code?

You can find RISE source code in Github: https://github.com/risevision

What is TypeScript?

TypeScript is an open-source programming language developed and maintained by Microsoft. It is a strict syntactical superset of JavaScript, and adds optional static typing to the language. The RISE code base has been rewritten in TypeScript to enhance scalability, maintainability and code quality for better future development.

What is BIP39?

BIP39 is the implementation of a mnemonic code or mnemonic sentence (a group of easy to remember words) for generating deterministic keys. RISE integrates mnemonic checksumming of passphrases to make sure it conforms to the BIP39 standard and that passphrase is used to generate your account.

What are DAPPs?

DAPPs are Decentralized Applications. Applications built on RISE will be both distributed and decentralized, as a copy of the blockchain will reside on multiple servers and if one node fails the network can still operate. Each DAPP created with RISE development tools and framework will run on RISE sidechain technology connecting to the mainchain.

What is a sidechain?

A custom blockchain, which is a fully autonomous blockchain secured by its own nodes. Every DAPP  is one new sidechain. A side chain is defined for a specific use case and links to the mainchain. There can be multiple sidechains where different tasks are distributed to improve the efficiency of transaction processing. Sidechains cannot talk to each other, they can only talk to the mainchain. Sidechains can be used to handle commercial blockchain usage.

How will RISE use sidechains?

RISE aims to develop side chain technology to allow developers and businesses to build distributed applications with token assets on RISE in the future. Each sidechain will link to the RISE mainchain.

Frequently Asked Questions

RISE is an ecosystem for developers and businesses. RISE offers a platform for Decentralized Distributed applications and sidechain/token asset creation, powered by a Delegated Proof of Stake (DPoS) blockchain.

The token for the platform is RISE.

A blockchain is a distributed ledger of all transactions or digital events that have been executed and shared among participating parties. Each transaction in the public ledger is verified by consensus of a majority of the participants in the network. As a public ledger of all confirmed transactions this forms a chain of all valid blocks. Unconfirmed transactions are not part of the blockchain. If a node disagrees on which blocks are valid, a fork happens. A blockchain is immutable, meaning information can never be erased. The blockchain contains a certain and verifiable record of every single transaction ever made. Blockchain lays the base for a democratic open and scalable digital economy.

Delegated Proof of Stake (DPoS) is the consensus algorithm that is used by RISE. It combines elements taken from the Proof of Work (PoW), Proof of Stake (PoS). Delegated Proof of Stake is the fastest, most efficient, most decentralised, and most flexible consensus model available. DPoS uses the power of community approval voting to resolve consensus issues in a fair and democratic way.

The RISE blockchain is secured by a network of connected peers, also called nodes. All nodes can register to become Delegates. However, only the elected 101 Delegates can earn RISE block rewards. Delegates are elected by the RISE community who cast their votes by staking RISE and voting with their RISE wallets. The vote weight of each wallet is in proportion to the amount of RISE it contains.

  • 0.1 RISE of amount sent for a spend transaction
  • 5 RISE for registering a second passphrase
  • 5 RISE for registering a username
  • 25 RISE for registering as a delegate
  • 5 RISE per member for registering a multi-signature group

The fee for using RISE technology is in RISE tokens. Owning RISE tokens allows the right to create and use DAPPs and vote for delegates to secure the RISE network. The fee for using RISE technology may only be in RISE tokens.

A RISE node is a server or computer that has installed RISE software and connected to the internet. You can find more information about the RISE node here: https://github.com/RiseVision/rise-node

A Delegate is a RISE node that has registered to be a Delegate with a registration fee of 25 RISE (subject to change). There are 101 elected Delegates (determined by voting weight of voters) actively forging block rewards. Delegates with a rank over 101 (102-∞) are classified as standby Delegates but still contribute to securing the RISE network.

Consensus Algorithm: Delegated Proof of Stake

Block Producers: 101 Delegates

Vote: 1 vote per wallet address

Block time: 30 seconds

Round time: 50 minutes 30 seconds

You can vote for a Delegate through your RISE wallet. Select ‘Votes’ and then ‘Add Delegate’. There is 1 vote per wallet for RISE holders, where the vote weight is equal to the RISE in that wallet.

Forging is another term for block generation in the RISE network. To compare, with Bitcoin this process is called mining. Everyone can enable forging, but only the elected 101 active Delegates will actually forge and be awarded RISE for generating blocks.

To enable forging you can login via your wallet and manually select forging. Every update will require forging to be enabled again.

For optimum productivity, we recommend running your own node. See Github to learn more: https://github.com/RiseVision/rise-node

When delegates confirm a new block, they forge new RISE with the following inflation schedule which began on July 19th 2017:

Year 1:  15 $RISE per block (14.33% inflation)
Total Coins: 125,768,000

Year 2:  12 $RISE per block (10.03% inflation)
Total Coins: 138,382,400

Year 3:   9 $RISE per block (6.84% inflation)
Total Coins: 147,843,200

Year 4:   6 $RISE per block (4.27% inflation)
Total Coins: 154,150,400

Year 5:   3 $RISE per block (2.05% inflation)
Total Coins: 157,304,000

Year 6+:  1 $RISE per block forever

You can find RISE source code in Github: https://github.com/risevision

TypeScript is an open-source programming language developed and maintained by Microsoft. It is a strict syntactical superset of JavaScript, and adds optional static typing to the language. The RISE code base has been rewritten in TypeScript to enhance scalability, maintainability and code quality for better future development.

BIP39 is the implementation of a mnemonic code or mnemonic sentence (a group of easy to remember words) for generating deterministic keys. RISE integrates mnemonic checksumming of passphrases to make sure it conforms to the BIP39 standard and that passphrase is used to generate your account.

DAPPs are Decentralized Applications. Applications built on RISE will be both distributed and decentralized, as a copy of the blockchain will reside on multiple servers and if one node fails the network can still operate. Each DAPP created with RISE development tools and framework will run on RISE sidechain technology connecting to the mainchain.

A custom blockchain, which is a fully autonomous blockchain secured by its own nodes. Every DAPP  is one new sidechain. A side chain is defined for a specific use case and links to the mainchain. There can be multiple sidechains where different tasks are distributed to improve the efficiency of transaction processing. Sidechains cannot talk to each other, they can only talk to the mainchain. Sidechains can be used to handle commercial blockchain usage.

RISE aims to develop side chain technology to allow developers and businesses to build distributed applications with token assets on RISE in the future. Each sidechain will link to the RISE mainchain.