[Announcement] The RIFT Project

Introduction

RIFT is a fully self-developed Proof-of-Work blockchain written entirely in Rust.
The project focuses on on-chain identity, native assets, and encrypted messaging without relying on external platforms, accounts, or intermediaries.

In RIFT, a wallet represents an identity.
Value transfer, asset issuance, and messaging are handled directly on Layer 1.

RIFT is not a fork of Bitcoin or Ethereum. The entire codebase has been written from scratch in modern Rust.

Core Characteristics

Proof-of-Work consensus
No ICO, no investors, no venture capital
Fully open source (MIT license)
Independent codebase (no reused Bitcoin/Ethereum/... code)
Serial block processing (no BlockDAG, no empty blocks, marketing blocks, hot air blocks)
Deflationary emission model
On-chain identity via wallet keys

Technology Overview

Implemented entirely in modern Rust
Designed for deterministic execution and predictable performance
Each block contains meaningful transactions and is processed sequentially
User-provided computing power is used efficiently and responsibly

Block time

Launch: variable between 3–10 seconds
Later: adaptive targeting ~1 second or less, depending on network conditions

Smart Contracts, Assets & Messaging

Native support for verified token and NFT contracts
Deterministic virtual machine planned for later development stages
Token creation directly through the wallet or browser
No smart contract programming required for basic assets
Token contracts are verified on Layer 1, reducing the risk of malicious tokens

Messaging

End-to-end encrypted messenger built directly into the wallet
Fully decentralized and operating on Layer 1

Mining, Wallets & Access

Web-Miner, Web-Wallet with messaging, staking and Tokens available in the browser
- No installation required for basic usage

Native Rust binaries + source Code available for advanced users (Node, CPU+GPU Miner (local Node Mining and Stratum Mining) , Stratum Bridge)

Development Status

RIFT is currently running on testnet.

Completed and usable components:
Node
Wallet
Miner
Browser Miner
Stratum Bridge with Dashboard
Web Wallet
Explorer
Dashboard

All essential components will be available at launch, allowing immediate network participation without advanced technical knowledge.

Emission & Deflation Model

RIFT uses a deflationary emission model with strong early network incentives:

50% of total supply distributed via mining and staking in the first 6 months (daily reductions)
25% distributed over the following 12 months (monthly reductions)
Remaining 25% distributed over the next 25 years (monthly reductions)

Transaction fees are calibrated to ensure sustainable miner incentives in later stages of the network.

Release Plan

Mainnet launch expected in approximately 1–2 months
Fair mining launch
Exact date will be announced two weeks in advance
Full source code will be published at announcement time

Website & Documentation

Official website will go live two weeks before launch
Whitepaper is currently available on GitHub and Discord
The document is preliminary, incomplete, and subject to change
It already contains extensive technical detail
For development updates and discussion, the community currently coordinates via Discord.

Github:https://github.com/the-rift-project/
Discord: https://discord.gg/z7WVW8vA