What Is Rise Coin (RISE)?

Rise Coin – General Information

Rise Coin is a comparatively young cryptocurrency that has been gaining popularity since its creation in April 2016, and one of the two founders, Cormac Lucking, already has experience in cryptocurrencies.

He worked for several months as a project manager at Mintcoin and simultaneously developed and founded the cryptocurrency Cloakcoin.

Steve Remington was also a co-founder and is currently head of Rise’s marketing department.

Rise’s platform is easily accessible from the easy-to-use web interface, supporting multiple devices such as computers and smartphones.

This makes it easier for customers to trade and invest in Rise Coins anytime, anywhere.

Rise provides developers, companies, technology startups, investors and everyone else with a platform for dApps, smart contracts and side-chain or token asset creation, supported by the delegated proof-of-stake algorithm (dPoS).

This is a method of securing the network, managing transactions and achieving a distributed consensus on ownership without the need for centralized control.

This is a variant of the classic proof-of-stake system. It is designed to reduce the cost and inefficient power consumption associated with proof-of-work systems such as Bitcoin’s.

The difference between a regular PoS system and a dPoS system can be compared with the difference between direct and representative democracy.

With the regular PoS, any wallet containing coins can participate in the transaction validation process. In a delegated proof-of-stake system, however, any wallet containing coins can vote for a delegate.

These elected delegates – in the case of Rise it is 101 – are responsible for validating transactions and maintaining the block chain.

The transaction fees are attributed to the Delegate as profit.

The Cryptocurrency Rise Coin in Numbers – December 2017

Currently, Rise is ranked 131st in the coinmarketcap. com ranking.

The company has a market capital of approximately US$ 51 million and has a daily trading volume of US$ 7 million. The stock of Rise Coin is fixed at 113,139,200 pieces. Mining is not offered at Rise.

What is special about Rise Coin?

Many things have been taken into account in the development of Rise token. Together with the developers, the community has played a major role in the development of this cryptocurrency.

They were able to decide which features are important and which are not.

Unlike most other cryptocurrencies, which are only available in digital form or only for digital transactions, Rise should also be available in physical form and in the real world.

Just like a traditional currency, Rise Coin can be used in different markets. Regardless of whether users use it to pay the bill, send money or make purchases. Rise closes the gap between virtual and real world.

What is the long-term goal?

Rise wants to change the way money is handled. With the Project Acre it is already possible to do real estate transactions with Rise Coins.

Further applications of this type are to follow in the future. User-friendliness and suitability for everyday use are the top priorities.

  • How to buy it?
  • Where to store it?

You can’t buy it directly for fiat on any exchange. You can choose the best exchange buy bitcoins for your region and buy BTC there, then trade it for RISE on exchanges. Learn here how you can instantly convert altcoins to bitcoin and vice versa.

Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase is legit and secure place to buy BTC.

If Coinbase doesn’t support your country, use Cex.io – read if Cex.io is legit here. Coinmama is another legit place to buy Bitcoinsclick here to visit Coinmama.

If your country is not available on Coinbase – check for exchanges that are good Coinbase alternatives (such as Cexio and Indacoin – see here Indacoin review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is safe and legit), instantly and directly to BTC.

Best and safest option to store your coins is to download an official coin wallet and store it on a hardware wallet – our recommendation is just go and buy Ledger Nano S, it is the safest option.You can read our article on Ledger Nano wallet or check out other top hardware wallets here.

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Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

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