RISE Asked & Answered — May
Hello RISE community,
Thank you to the community members who submitted questions to us last week. Outlined below are all questions asked and their respective answers at present. If these answers develop or change we will aim to inform the community through future updates.
“When can we see some blockchain partnerships?”
There is no value in announcing a partnership for ‘hype’ if it is not mutually beneficial or strategically aligned with RISE. We wanted to focus on building technology first and gaining progress on these key milestones, some of which have been achieved, as RISE is now in mainnet. Our next phase will be to grow relationships with developers. As such we have begun very initial discussions with coding academies and universities in Europe.
We are open to partnerships globally, so if you are reading this and have a great contact within a developer community or educational institution, fill out this form. This month we are creating a RISE overview one-pager, a pitch deck for partnership meetings/meetups and the ‘Litepaper’.
“As a developer myself — but not specifically savvy in the blockchain space — can you spark a few examples of DAPP ideas that one could make on RISE blockchain? As ease of use is part of the mission — will there be tutorials planned to onboard say — hobbyist DAPPs making? Can the team make a few demo examples?”
Yes, we aim to create tutorials/guides to help developers understand how to build on RISE once we are able to offer a more complete solution. Furthermore, we aim to ensure that our Github has easy instructions to follow in the ‘wiki’ section for developers of all levels to use. We are also able to give bounties for anyone who contributes to building applications, tutorials and technical documentation for RISE.
As a starting point, you can create applications with the RISE APIs in Github and this will allow you to interact with the RISE blockchain. Any application created today, helps us to stress test the network and improve the RISE technology. Below are some examples of applications created using the APIs by developers in the RISE community. We hope that there will be more in the future as more developers learn about RISE.
As an example, let us explore our thinking behind Interlet which was a DAPP idea for the vacation rentals market. The problem today is there are high fees for hosts and guest, as well as issues around currency transactions rates on existing centralised platforms. As a solution, the DAPP running on the RISE blockchain would have allowed for lower fees through the facilitation of peer to peer transactions with cryptocurrency as payment.
A DAPP is designed to remove a central authority and reward users for contributions. DAPP ideas could be endless as it is possible to evolve existing applications that are currently controlled by a single entity. We believe as the market grows and matures the adoption of different blockchains will depend on the nature and purpose of the DAPP. Many elements will form part of the decision making process for developers, for example:
- Transactions per second and fees
- Semi-decentralised vs Decentralised
- Programming languages supported
- Private vs Public blockchain
- Platform business model
The beauty of DAPPs is that there are huge opportunities for developers to create the next ‘killer app’ and we aim to ensure RISE technology enables this.
“What is now the Unique Selling Point of RISE? DPOS is still awesome — and now its typescript. Is airdrops + drag n drop tools for DAPPs still a thing? What do you consider now the competitive advantage of RISE?”
Following on from the answer above, we see RISE USP’s at the moment as a combination of the 5 elements below:
- Delegated Proof Of Stake — Through offering all RISE holders a opportunity to vote and partake in securing the network, this is one of the more decentralised blockchains available. We also believe that the RISE combination of 101 Delegates/block producers and 1 vote per wallet, makes RISE a unique blockchain. No other DPOS project has this exact protocol. Since the rewrite of the core, RISE is experimenting with transactions per second and we will publicly share this when our development team are happy with how far this has been pushed.
- Typescript Code base — Internally, TypeScript helps RISE to develop quicker with less bugs and write more intuitive, maintainable code. Externally, Typescript offers reliable and readable code for developers to understand how the core has been created.
USPs for the future:
- Developer Tools — APIs and TypeScript SDK — Through offering a range of programming languages to interact with the RISE blockchain we believe this enables more developers to learn about blockchain. At present the more developers that can understand blockchain helps the entire industry to grow.
- Sidechains — RISE aims to develop sidechain 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. In theory this will enable communication between chains to execute different functions ultimately enhancing scalability of the RISE blockchain. This is scheduled for development later this year, however, completion is highly dependent on working with a cryptographer who understands blockchain technology.
- Dynamic Fees — Dynamic fees will aim to detect changes in network volume and will raise or lower transaction fees accordingly.
The combination of these 5 elements makes RISE a unique solution for developers to build DAPPs upon.
“When can we see some DAPP tools?”
Currently, there are APIs that can be used to create applications in Github. Following on from this there is a process of features that need to be built as part of a scalable platform for DAPPs to then be built upon. For example, dynamic fees and scalable enhancements need to be developed and released before sidechains and an SDK. These are larger milestones planned for this year, however it will depend on resources, testing and refinements which are not always easy to give an exact timeframe of completion. In the meantime, we recommend following Github projects for RISE development.
“Can you explain succinctly how RISE will separate itself from larger DPOS projects like ARK, LISK, and SHIFT moving forward and pitch developers “why RISE” instead of these other platforms?”
To an extent, the projects listed in the question have different goals to RISE. For example, connecting blockchains or JavaScript only or hosting website content. As explained previously, the 5 core elements that create RISE as a platform for developers is what we we believe separates RISE from other similar projects.
RISE essentially aims to focus on offering tools for developers to learn and create applications on the RISE blockchain in multiple programming languages. Furthermore, from a blockchain protocol level no other project has the same network specifications as RISE: 1 vote per wallet and 101 Delegates/block producers. A combination of the RISE DPOS blockchain, a TypeScript code base and developer tools in multiple programming languages makes RISE advantageous for developers to explore the RISE platform.
We would like to add RISE is a strong advocate of Delegated Proof of Stake as a blockchain protocol. Therefore, for the progression of the DPOS ecosystem we wish all projects using DPOS to be successful and where strategically aligned the opportunity to partner together.
What is your strategy for exchanges?
RISE aims to partner with platforms that support growing a decentralized network. As a result today RISE is now on Openledger, Godex and Exrates. The team will always be evaluating new and innovative exchanges as they come up.
“Is Alty [Cormac] still working for RISE? Very passive lately.”
Cormac and Steve are the co-founders of RISE. Essentially, they conduct three key areas of the business: legal, finances and exchanges. The technology lead is Andrea and our incredible development team, who based on their expertise make decisions to ensure we are building the best technology possible for RISE. The allocation of resources and operations are handled by Anjalee. MJ DeMarco was brought in to share his expertise in entrepreneurship with projects built on RISE. As we are currently focusing on the core technology, MJ’s advisory role will become more prominent at a later stage. So to conclude, yes Cormac is still working on RISE, but his role is less on the front line.
“Is Interlet (and the other one incubator) resume-able to development, or probably won’t come back? Is Incubator in the plans of coming back — now that mainnet is active — or is it awaiting sidechain?”
As stated previously for Interlet, the white paper, pre-ann website, first snapshot and product designs were already worked on. Development is not in progress at this present time. RISE initially planned to build our core blockchain technology in parallel however, we now have decided to focus entirely on core blockchain platform first. With regards to the online casino project, there are many regulations associated with the concept of online casinos and this could hinder the entire project. Once core technology is completed, we will review the regulatory environment at that point in time.
Please note that for RISE to be successful in the long run, we must remain compliant in all activities going forward.
“What ever happened to the Chipz airdrop?”
As stated in the previous answer, all projects are on hold. With regards to the online casino project, there are many regulations associated with the concept of online casinos and this could hinder the entire project. Once core technology is completed, we will review the regulatory environment at that point in time.
“Q1 was supposed to see at least two sidechains (Interlet and Chipz) what happened that now we are barely expecting 1 sidechains later this year. Maybe you did not realize it the selling point of RISE was actually side chains + airdrops coming and now it has nothing of that?”
As previously explained, RISE will be focusing on the core technology at this current point in time and this should be the ‘selling point’. Yes, in the short term it has impacted the two projects scheduled for release this year. However, we see immense value in focusing on the core platform now to ensure DAPP creation on RISE is accelerated in the longer term.
“Is Incubator in the plans of coming back — now that mainnet is active — or is it awaiting sidechain? Can you provide updates on the Airbnb DAPP competitor and any other developers still actively using RISE as their platform of choice?”
For Interlet, please see earlier answer. To further clarify, Interlet was an ‘in-house’ DAPP that RISE initially planned to launch to showcase the RISE blockchain. At present we cannot give an answer on this as it will be reviewed once the core technology is completed. With regards to developers using RISE, we will be exploring different ways to attract and engage developers going forward. We will be leveraging a bounty program in the near future to drive contributions to RISE.
Thank you for submitting your questions and we look forward to more great questions from the community. We understand the desire from the community for a live AMA and will aim to do this for early June.
