Rise is a proof of stake blockchain platform designed for developers who want to build decentralized distributed applications (dapps) by using the proof of stake blockchain of the company as a basis.
The main idea of the platform is to offer a platform in which development can be easy and that the developers will be able to use different programming languages to create software and be able to communicate with their pairs in the industry.
How Does Rise Work?
A trend of the moment is the creation of applications that work in a decentralized way by using the blockchain technology to decentralize them. Rise is, basically, a company that intends to give the tools to the developers who want to enter into this trend.
A copy the Rise blockchain will be in many different nodes around the internet, so any dapp based on this type of technology will be completely decentralized and will run on a side chain of the Rise main blockchain.
The company offers Software Development Kits so the developers can build applications that will be used to create the apps, as well as the APIs of the blockchain. The code of the blockchain will be open source so the developers will have more freedom to create their programs.
The network uses a proof of stake system that is currently maintained by 101 Delegate nodes that are elected by the community. The people with more tokens are not able to vote more, as you can only vote once per wallet, but more tokens allow you to spend a lesser percentage of your money because you always spend 1 Rise token to vote.
The delegates are paid to keep the network working all the time. Because of this, they are a vital part of the network and the community has to vote for them wisely.
The Rise Wallet
You can keep your Rise tokens on your wallet. The wallet will be available for iOS, Android and web version in the future (at the moment of this report, only this last option was online).
Via the wallet, you can spend or exchange the tokens and you can also vote on delegates for the network. There are no plans for an Initial Coin Offering, so you can buy the tokens at the market right now.
As the Github page of Rise already has its own API Library, people have already started to use this platform to create dapps. The company gives four dapps as examples of apps that can be developed using the company’s technology.
One of them is the Telegram DPoSBot, a bot that can be used on Telegram for many purposes that require automation. Another option is the Google Ticker, an app which uses the blockchain and Google to send signals to the user. There are also the Slack RISEBot, used for investments, and the DPoS Tools, which are development tools created for this technology.
If you are a developer looking for a new technology and none of the other blockchains has satisfied your needs, Rise seems like a decent choice. The company has its code already at your disposition and its blockchain works well, so this definitely can be a choice to consider using.