Decoding Rise Chain: A Deep Dive into Ethereum’s Layer-2 Scaling Solution

Rise Chain is an innovative Layer-2 blockchain solution built on Ethereum, designed to significantly enhance scalability while preserving the core tenets of security and decentralization. With an ambitious goal of exceeding 100,000 transactions per second, Rise Chain leverages cutting-edge technologies like Parallel EVM, Continuous Block Pipeline, and Mempool Preprocessing, positioning itself as a potential game-changer in the blockchain landscape. Launched in late 2023, Rise Chain is rapidly gaining traction in the ever-evolving world of decentralized finance.

The Rise Chain Interface.

Rise Chain’s Operational Framework: A Multi-Layered Approach

Rise Chain’s architecture is meticulously crafted with multiple layers to optimize performance and scalability. Here’s a breakdown of the key components within its operational model:

1. Execution Layer:

• Parallel EVM: This open-source, parallel execution engine for the Ethereum Virtual Machine (EVM) drastically accelerates transaction processing speed, a cornerstone of Rise Chain’s performance.
• Continuous Execution (Continuous Block Pipeline): By processing transactions continuously without waiting for block finalization, Rise Chain minimizes latency and significantly improves overall system efficiency.

2. State Access Layer:

• Versioned Merkle Trees (VMT): This technology optimizes state access, leading to significant enhancements in overall system performance.
• RiseDB: A custom-designed database specifically tailored for the state management of EVM chains, further boosting efficiency.

3. Reth Integration:

Rise Chain leverages Reth, a robust Rust-based execution client developed by Paradigm. The entire Rise stack is built upon this foundation, ensuring a secure and reliable framework.

4. Data Availability Layer:

The Rise stack demands high bandwidth for rapid and continuous data provision. Its modular design facilitates seamless integration with various data availability solutions, adapting to evolving needs.

5. Based Sequencing:

Decentralized sequencing technology underpins Rise Chain’s block creation process, reinforcing security and scalability. This ensures a robust and resilient system capable of handling high transaction volumes.

Essentially, every component within Rise Chain’s modular blockchain structure is meticulously optimized for maximum network bandwidth. This holistic approach to optimization is what sets Rise Chain apart.

Further Reading: Modular Blockchain – The Path for Next-Generation Blockchains.

High-Level Architecture of the RISE Stack. Source: Rise Chain

Rise Chain’s Distinguishing Features: Innovation in Action

Gigagas: Redefining Bandwidth Measurement

While Transactions Per Second (TPS) is a common metric for blockchain performance, it can be misleading. Rise Chain introduces Gigagas (billions of gas per second) as a more accurate measure of actual bandwidth capacity, reflecting the complexity and gas consumption of each transaction. This allows for a more realistic assessment of the network’s true throughput potential. Rise Chain aims to achieve a bandwidth exceeding 1 Gigagas/s, dwarfing the capabilities of many existing blockchains. This translates to approximately 47,600 simple ETH transfer transactions per second, demonstrating its immense scalability.

Rise Chain’s Gigagas Capacity.

PEVM: Unleashing the Power of Parallel Execution

Built on Rust, Rise Chain’s open-source PEVM toolkit minimizes latency in EVM transaction processing, achieving significantly higher transaction speeds. Currently in its pre-alpha stage, PEVM has demonstrated a potential speed advantage of up to 22 times compared to existing solutions, capable of processing up to 30 Gigagas/s on 32 AWS Graviton3 CPUs. This groundbreaking technology not only enhances speed but also opens doors for innovative decentralized applications, such as Sharded AMMs, optimizing liquidity and reducing slippage for a smoother user experience within the EVM ecosystem.

Continuous Block Pipeline: Streamlining Transaction Processing

Rise Chain’s Continuous Block Pipeline (CBP) revolutionizes block production with continuous and efficient processing, minimizing latency and maximizing scalability. CBP facilitates parallel transaction processing, continuous state calculation, optimized Mempool management, and dynamic block size adjustments, ensuring a smooth and stable blockchain operation even under high transaction loads. This innovative approach ensures a robust and responsive network capable of handling the demands of a rapidly growing user base.

Rise Chain’s Roadmap: A Vision for the Future

Rise Chain is committed to continuous improvement, with plans to further enhance Parallel EVM performance through data structure optimization, detailed memory location implementation, enhanced Mempool metadata utilization, and multi-EVM executor support. The ultimate goal is to achieve a bandwidth exceeding 10 Gigagas/s, solidifying its position as a leading Layer-2 solution.

The Team, Investors, and Partners Behind Rise Chain

The Driving Force: A Team of Experienced Innovators

Rise Chain is spearheaded by a team of seasoned blockchain experts, including Sam Battenally (CEO and Co-founder), Sasha Mai Herbert (CGO and Co-founder), and Hai Nguyen (CTO and Co-founder). Their combined experience and expertise in software engineering, DeFi, and blockchain development provide a strong foundation for Rise Chain’s continued growth and success.

The Team Behind Rise Chain.

Fueling Innovation: Strong Investor and Partner Backing

In September 2024, Rise Chain secured $3.2 million in funding from prominent investors like ether.fi Ventures, Orange DAO, DACM, P2 Ventures, and even Vitalik Buterin, the founder of Ethereum. This significant investment underscores the confidence in Rise Chain’s potential to revolutionize the Layer-2 landscape.

Rise Chain’s Investors.

Exploring Comparable Projects: Contextualizing Rise Chain’s Innovation

Rise Chain joins a growing ecosystem of Layer-2 solutions aiming to address Ethereum’s scalability challenges. Notable projects include Arbitrum, a leading Layer-2 platform offering solutions like State Channels, Sidechains, and Rollups, and Optimism, another prominent Layer-2 solution known for its OP Stack SDK, adopted by various blockchains like Base, opBNB, Zora, Celo, and DeBank. While these projects offer valuable contributions to the Layer-2 space, Rise Chain differentiates itself through its unique combination of Gigagas bandwidth, PEVM technology, and Continuous Block Pipeline, offering a compelling alternative for developers and users seeking high performance and scalability.