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Raiden Network Token

Raiden Network Token RDN

  • Micro payments
  • Instant transactions
68 Rank
$2.85 Price
-4.27% % 24h
0.67% % 1h
$143,087,452 Mkt. Cap
$7,625,140 Vol. 24h
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Raiden Network Token project purpose and description

Raiden Network Token clarity of purpose

Raiden Network Token purpose and aspects

Raiden provides an off-chain scaling solution for Ethereum and ERC-20 tokens which will allow for subsecond transactions on the Ethereum blockchain.

Raiden Network Token additional differentiation against competition

This is similar to the non-tokenized scaling solution for Bitcoin, Lightning Network except Raiden focuses on Ethereum and ERC-20 tokens.

Short description

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.

Link to Roadmap: https://medium.com/@raiden_network/raiden-network-vision-challenges-and-roadmap-593dfa34b868
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