What is Rise? Working with the Proof-of-Stake consensus mechanism, Rise is a Blockchain platform that powers decentralized applications. cryptocoin.com In this article we have prepared, we will examine Rise. Investors who are curious about the project can find answers to questions such as what is Rise, what it offers, what is RISE coin, what is it for, how to get it. Now, let’s examine this Blockchain network working with the PoS consensus mechanism together.
What is Rise?
Launched in April 2016, Rise is a Blockchain platform that supports decentralized applications (dApps). On this platform, developers can create and host their own dApps. Working with the Delegated Proof-of-Stake consensus mechanism, the network is maintained by some users chosen by the community. Accordingly, the community elects 199 delegates through their wallets. These people are in charge of running the network nodes. Since the operation of the nodes means the operation of the network, the security of the ecosystem depends on these people.
What are the features of Rise?
The Rise platform supports multiple devices such as computers and smartphones. It also has an extremely easy-to-use web interface. The goal is to make Rise available to everyone, not just developers. However, the ecosystem supports developers, companies, tech startups, investors and anyone else to create dApps, smart contracts, sidechains and tokens. It does this with a platform powered by the Delegated Proof-of-Stake (DPoS) algorithm.
DPoS is a variant of the classic Proof-of-Stake mechanism. It does not include the problems faced by entities adopting the Proof-of-Work algorithm, such as Bitcoin. Accordingly, Bitcoin is often the focus of criticism due to its high costs and inefficient power consumption. There is no such problem in Rise. While the network processes transactions extremely fast, it also consumes low energy. DPoS is different from the regular PoS mechanism. In this system, token holders elect delegates. These delegates earn cryptocurrency rewards by running nodes.
What is RISE coin? What does it do?
RISE coin is the native cryptocurrency of the Rise platform. This altcoin stands out for a number of use cases within the network focusing on dApps and smart contracts. Accordingly, token holders can participate in the management of the platform and the selection of delegates. They can also earn RISE coin rewards by being a delegate and running nodes. However, developers run SDKs and smart contracts with cryptocurrency payment, enabling them to create tokens and dApps. Gas fees received by the platform are used to reward staking users.
How to get RISE coin?
RISE coin is an altcoin currently traded only on the XT.com exchange. Therefore, investors who want to buy the altcoin should access this exchange.
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