What Is Rizenet and How to Connect It?

Built on the robust Avalanche infrastructure, Riznet is specifically engineered to power decentralized machine learning workflows and asset tokenization. This unique architecture combines the transparency of a public blockchain with the controlled access of a permissioned network, offering a compliant and efficient environment for institutional use. This article will delve into the core features of Rizenet and provide a step-by-step guide on how to connect to its network.

What is Rizenet?

Rizenet is a groundbreaking public-permissioned Layer 1 blockchain developed by the T-RIZE Group. Rizenet distinguishes itself through several key characteristics.

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EVM Compatibility

Leveraging the Ethereum Virtual Machine (EVM) ensures seamless integration with existing Ethereum-based tools and the deployment of familiar smart contracts.

Federated Learning Support

While sensitive data and model training remain off-chain, Rizenet's smart contracts orchestrate participant authorization, contribution tracking, and reward distribution, fostering privacy-preserving collaborative machine learning.

Native Token ($RIZE)

The $RIZE token fuels the Rizenet ecosystem, serving as the means for paying gas fees, accessing network services, participating in governance (for whitelisted entities), and operating validator nodes (also whitelisted).

Focus on Real-World Asset (RWA) Tokenization

Rizenet offers a comprehensive, no-code platform designed for issuers and investors to tokenize, manage, and trade real-world assets with integrated compliance and payment infrastructure.

The Rizenet testnet has been live since March 2024, paving the way for its highly anticipated mainnet launch after rigorous testing.

How to Connect to Rizenet Testnet

Currently, interaction with Rizenet is primarily through its testnet, which runs on the Avalanche Fuji network. To connect, you'll need an EVM-compatible wallet, such as MetaMask.

1. Install an EVM-Compatible Wallet

If you don't already have one, download and install a browser extension like MetaMask from its official website. Follow the on-screen instructions to create or import your wallet.

2. Connect to the Rizenet Testnet:

You have two methods to connect your wallet to the Rizenet Testnet:

Automatic Connection (if available)

Some decentralized applications (dApps) or wallets might offer a direct "Connect to Rizenet Testnet" option. If available, follow their prompts.

Manual Configuration: This is the most common method. Follow these steps within your wallet:

1. Open your MetaMask extension.
   
    

2. Click the network selection button at the top left of the interface (it likely displays "Ethereum Mainnet" by default).
   
    

3. Click on "Add Network" (or similar, depending on your wallet version).
   
    

4. Choose "Add a network manually".
   
    

5. Carefully fill in the network details using the following parameters:
   
    

6. Click "Save".
   
    

7. Once saved, you can switch to the "Rizenet Testnet" by clicking the network selection button again and choosing it from the list.

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3. Check Your Balance

• After successfully connecting to the Rizenet Testnet, your wallet should now be configured to interact with the network. You can view your $RIZE testnet balance within your wallet interface.

• For more detailed information about your wallet address, balances, and transaction history on the Rizenet Testnet, you can use the official Rizenet Testnet block explorer (the URL should be available on the original Rizenet website).

Key Features That Define Rizenet

Rizenet's architecture and design offer a compelling set of features:

Public-Permissioned Blockchain Architecture

Balancing transparency with controlled access for enhanced security and operational control.

Interoperability

Designed to connect seamlessly with other blockchain networks, enhancing liquidity and ecosystem growth.

Institutional-Grade Compliance

Incorporating features to meet stringent international regulatory standards for tokenized assets.

Sustainability Integration

Enabling the tokenization of carbon credits and supporting environmentally conscious investments.

Global Accessibility

Democratizing access to high-quality real estate and infrastructure investments for a global investor base.

Liquidity Enablement

Transforming traditionally illiquid assets into tradable digital tokens, unlocking capital and secondary markets.

Strategic Partnerships and Ecosystem

Collaborating with industry leaders to build a robust and reliable ecosystem for all participants.

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Conclusion

You can find more information on the official T-RIZE Group website and the upcoming Rizenet dedicated website. Keep an eye out for their official announcements and documentation.

By understanding its unique architecture and following the connection guide, you can begin to explore the capabilities of the Rizenet blockchain and its potential in the realms of decentralized machine learning and real-world asset tokenization. Remember to always refer to the official Rizenet documentation for the most up-to-date information.

FAQ

What exactly is Rizenet?

Rizenet is a public-permissioned Layer 1 blockchain built on Avalanche, specifically designed for decentralized machine learning workflows and the tokenization of real-world assets.

What does "public-permissioned" mean?

It means that while anyone can view transactions and data on the blockchain (public), only authorized entities can participate in validating transactions and deploying smart contracts (permissioned).

Is Rizenet live?

The Rizenet testnet has been operational since March 2024. The mainnet launch is planned after thorough testing.