What is Rise?

Some of you may have heard of a cryptocurrency called Rise recently. If you would like to know more about the history and how Rise works, you can check out this article (this is outside the scope of our article). We will focus on its technology today. At the end of August the price of Rise went from around $0.09 to an all-time high of $0.77. That is around an 850% increase in value. However, it has since dropped to $0.37 at the time of this article. There was no news that caused this rise but some people probably realised the potential of this coin and decided to buy into it. One thing that made Ethereum the 2nd largest cryptocurrency is its technology. This is exactly what makes Rise stand out, its technology. Rise uses a Shift-Ark hybrid which is the code from the Shift and Ark project. Some people may think Rise is just a clone but it isn’t. Rise takes the best features from Shift and Ark and makes its own unique features that are not offered in other systems. It focused on Dapps (Decentralised Applications) which is not unique but it goes above and beyond by working on the mobile side, creating a mobile app store for blockchain. It will also support many popular coding languages such as Java and C# and Python so there is no need to learn a new language like Solidity. Rise also has an inbubator service where the rise team will help startups in creating their blockchain project with their funding and expertises in return for 20% of the startups tokens which will be distributed to Rise holders. The thing that impressed me the most about Rise is actually the fact that they plan on building a drag and drop Dapp development tool. Imagine Wordpress for blockchain. That is just so cool because anyone can create Dapps even without coding experience.

If the Rise team does create everything as promised then Rise has a lot of potential. However, it is still at a pretty early stage and their platform is not ready yet. We have no information on when they will release their platform and their progress. Rise can be quite rewarding but there is also quite a bit of risk behind it.

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Disclaimer:

This is not trading advice and please do your own research before investing. We do not take any responsibility for any losses you make.

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