Raiden Network rdn

-2.20 % $ 0.050844
$0.050967 24H Range $0.053144
Market Data
Price $ 0.050844
Volume $ 21,965.00
Volume / Market Cap 0.0084
Circulating Supply 51,137,365.57
Total Supply 99,999,999.00
Market Cap $ 2,609,610.00
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."
Raiden Network (rdn) Price Chart
Learn from our FREE Academy
Get started with the essentials on what blockchains are, how crypto works and how to start trading or investing.
Crypto Trading
Here you'll find a practical tutorial on how to trade on an exchange, along with an explanation of different order types.
NFTs & the Metaverse
Learn all about NFTs (Non-Fungible Tokens), virtual spaces and what they can enable.
News about Raiden Network
UK Investment Firm Abrdn Continues Crypto Push With Hedera (HBAR) • a day ago
Abrdn takes another step into digital assets with Hedera partnership • a day ago
Asset manager Abrdn becomes biggest external shareholder in digital-assets exchange Archax • 2 months ago
Standard Crypto co-founder on leaning into the ‘weirdness’ of crypto • 8 months ago
Don’t Miss Out on Other Similar Coins
Orbs   (orbs)
$ 0.03558873 + 2.04 %
aelf   (elf)
$ 0.131999 + 0.15 %
Marlin   (pond)
$ 0.01053021 -0.92 %