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RDN.

Raiden Network Token.

 

Raiden Network Token (RDN) - CoinMarket.

Raiden Network - Fast, cheap, scalable token transfers for Ethereum
The Raiden Network

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.

 


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 Network.

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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Scalable

Scales linearly with the number of participants
Fast

Transfers can be confirmed within a subsecond
Private

Individual transfers don’t show up in the global shared ledger
Interoperable

Works with any token that follows Ethereum’s standardized token API (ERC20)
Low Fees

Transfer fees can be orders of magnitude lower than on the blockchain
Micropayments

Low transaction fees allow to efficiently transfer tiny values.

 

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