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Raiden Network

Fast, cheap, scalable token transfers

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.

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~$33,407,260
value of tokens sold in ICO
Trading
0.18 USD
From Gate.io on 2019-08-20 23:41:37 UTC
Token
Type
Price in ICO
0.6700 USD
Country
ICO start
18th Oct 2017
ICO end
1st Nov 2017
Visit ICO website
Report
Changelly

About Raiden Network

Technology
The Raiden Network is an infrastructure layer on top of the Ethereum blockchain. While the basic idea is simple, the underlying protocol is quite complex and the implementation non-trivial. Nonetheless the technicalities can be abstracted away, such that developers can interface with a rather simple API to build scalable decentralized applications based on the Raiden.

Raiden Network 101
Blockchains don’t scale well because there needs to be global consensus on the order and outcome of all transfers. Every participant needs to learn about all updates to the shared ledger. Hardware and bandwidth constraints set a limit on the number of updates per second that can be shared in a decentralized network. The basic idea of the Raiden Network is to avoid the blockchain consensus bottleneck. This is done by leveraging a network of payment channels which allow to securely transfer value off-chain, i.e without involving the blockchain for every transfer.

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