What is Rizenet? Understanding the Permissioned L1 Blockchain
2025-05-19
Built on Avalanche infrastructure, Rizenet introduces a permissioned blockchain environment tailored for regulated digital finance and federated AI collaboration. But what exactly is Rizenet, and how can developers and users begin interacting with it?
This article offers a detailed guide to help you understand how the Rizenet blockchain works, how to connect to it, and how to access testing tokens through its faucet.
What is Rizenet?
Rizenet is a public-permissioned Layer 1 blockchain developed by T-RIZE Group. It operates on the Avalanche network and is specifically designed to support decentralized machine learning workflows and real-world asset (RWA) tokenization.
Unlike open public blockchains where anyone can deploy contracts, Rizenet restricts smart contract deployment to authorized entities. This ensures compliance with regulatory frameworks and adds an additional layer of operational control.
While Rizenet is permissioned, it maintains compatibility with the Ethereum Virtual Machine (EVM), allowing developers to use familiar tools and programming languages.
It also enables smart contracts to include asset-level compliance features such as identity-based transaction permissions or location-specific rules.
The blockchain supports federated learning, a decentralized form of AI training where sensitive data remains off-chain. Smart contracts on Rizenet are used to manage participation, track contributions, and distribute rewards while preserving data privacy.
At the core of the Rizenet ecosystem is the native token $RIZE, which is used for:
- Paying gas fees
- Accessing tokenization services
- Unlocking investment infrastructure
- Participating in governance
- Running validator nodes (with permission)
- Engaging in federated learning activities
Since March 2024, Rizenet has been in its testnet phase, with active development by engineers, researchers, and validators. The mainnet will be launched once all system capabilities have been thoroughly tested.
Read also: How to Get the RIZE Testnet Token: A Guide on Using Its Faucet
How to Connect with Rizenet
To interact with the Rizenet blockchain, you need a wallet that supports EVM-compatible networks. This includes commonly used options like MetaMask, Trust Wallet, and Coinbase Wallet.
Step-by-step: Connect to Rizenet Testnet
You can connect to the Rizenet Testnet either automatically or manually. Here’s how to do it manually for those who prefer direct control:
- Open your wallet (e.g., MetaMask).
- Click the network selection button.
- Select “Add a network manually.”
- Enter the following configuration:
- Save and switch to the Rizenet Testnet.
Once you’ve connected, you can view your RIZE token balance directly within your wallet or by visiting the Rizenet block explorer to check recent transactions and wallet activity.
About the Rizenet Faucet and How to Use It
The Rizenet Faucet allows users to claim free RIZE tokens for development and testing on the Rizenet Testnet. These tokens do not have real monetary value and are only meant for testing within the network.
How to Access RIZE from the Faucet
To request RIZE tokens from the faucet, follow these steps:
- Go to the official Rizenet Faucet Page.
- Enter your wallet address.
- Confirm the request.
Your test RIZE tokens should appear in your wallet shortly. You can use these tokens to interact with smart contracts, simulate transactions, or test features as you prepare for real-world deployment.
Read also: What Is Rize Airdrop and How to Earn Free Tokens?
Conclusion
Rizenet represents a specialized approach to blockchain infrastructure, combining compliance, privacy, and usability for institutional-grade applications.
Its permissioned Layer 1 blockchain model ensures that only verified participants can operate smart contracts, providing a secure foundation for AI collaboration and asset tokenization. With EVM compatibility, developers can work with familiar tools while integrating advanced regulatory features.
Rizenet opens the door to a more controlled and cooperative blockchain environment. Connecting to the testnet and using the Rizenet faucet is simple, making it accessible for those interested in exploring its capabilities before the full mainnet release.
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Frequently Asked Questions (FAQ)
What is Rizenet?
Rizenet is a permissioned Layer 1 blockchain built on Avalanche, designed for decentralized machine learning and real-world asset tokenization.
Is Rizenet compatible with Ethereum tools?
Yes, Rizenet is EVM-compatible, allowing the use of Ethereum-based development tools and smart contract standards.
What is the RIZE token used for?
The RIZE token is used for paying gas fees, participating in governance, accessing services, and operating validator nodes on the Rizenet network.
How do I connect to Rizenet?
You can connect using any EVM-compatible wallet like MetaMask by manually entering the Rizenet Testnet configuration or using an automatic connection method.
Disclaimer: The content of this article does not constitute financial or investment advice.
