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Raiden Network RDN
RDN
0.005180
$
3.76 %
Change 24h
Genesis
10/18/2017
Market Cap
$ 264,966
Volume 24h
$ 1028.8
Circulating Supply
51,137,366
Total Supply
99,999,999
RDN
$
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. 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 (