raiden-network Raiden Network Token (RDN)

-2.34% (24H)
Market CapVolumeAvailable Supply
$32.45 M$757,88351.12 M RDN

Raiden Network Token current price is $0.634 with a marketcap of $32.45 M. Its price is -2.34% down in last 24 hours.

The Raiden Network is an off-chain scaling solution, enabling near-instant, low-fee and scalable payments. It’s complementary to the Ethereum blockchain and works with any ERC20 compatible token. The Raiden project is work in progress. Its goal is to research state channel technology, define protocols and develop reference implementations. The introduction of payment channels, specifically the type first described by the Lightning Whitepaper (which introduced the Lightning Network), seeks to fix the scalability and congestion issues that currently plague blockchain technology. While the Lightning Network operates on the Bitcoin blockchain, Raiden introduces a comparable solution for the Ethereum network. There are several key features of the Raiden Network Token. Expedited transfer confirmations (<1 second ). Current transfers on the Ethereum blockchain can take a few seconds to minutes. Private transfers that are not viewable on the global ledger. Solve scalability issues so that Ethereum can create mass adoption, allowing Ethereum to become the peer-to-peer, global payments infrastructure with electronic cash that it was initially designed for. Low fee transactions. Micropayment capability that works in union with any ERC-20 token. The Raiden Network project is being developed by Germany’s Brainbot Technologies AG, a software company devoted to blockchain protocol development. Founded in the year 2000 by Heiko Hees, it currently has between 11 to 50 employees in offices among Berlin, Mainz, and Copenhagen. Also the founder of PediaPress, Hees has been a core developer of Ethereum since March 2014. Being a core developer for Ethereum, it is evident on how the founder sees the flaws in the current its present protocol with ways to improve it. Interestingly enough, the website does not include RDN as one of their main blockchain developments, which could be attributed to the difficulty of highlighting a wide variety of projects they are currently undertaking on one page. However, there are no updates on the status of the Raiden Network Project on either Twitter nor Medium since December 1st, 2017. Raiden can be used for a wide variety of applications and purposes such as Micropayments For Content Distribution, Decentralized M2M Markets, API Access and Fast Decentralized Exchanges."
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10 Raiden Network Token (RDN)

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The 190th edition of our weekly updates is out 😎
Key takeaways:
🔙The new smart contracts are not backwards compatible
⤴️Withdraw your tokens from your channels if needed
🧪Manual testing before Mainnet release


You might have heard it: The new smart contracts to be deployed on mainnet soon are not backwards compatible.

To be safe and before upgrading your Raiden Clients, we advise to withdraw your tokens from your channels until October 15th.

Have you read the latest update this weekend?💥
Edition 189 covers:
📱UX/UI testing of the Raiden dApp
🧪Still ongoing testing phase before Mainnet release
🔬Progress on the Arbitrum deployment research

The 188th weekly update is here 🔥
What it covers:
➕A couple more release candidates were introduced
🐛No bugs reported
🚨Do not open new channels before the upcoming Mainnet releases

Don't miss out on the 187th edition of our weekly updates 🤩
What it covers:
🧪Ongoing Mainnet testing, no bugs reported so far
💵 The exciting new quick pay feature
🔬Research on Arbitrum deployment: Started testing a basic version of smart contracts

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