Raiden Network November 1, 2017 – Posted in: Reviews

Raiden is an open source project that aims to scale Ethereum by using state channel technology.

About Raiden Network

The Raiden Network is an off-chain transfer network for Ethereum ERC20 tokens. It provides a fast, scalable, and cheap alternative to on-chain token transfers. At the same time, the Raiden Network transfers provide users with guarantees of finality, security, and decentralization similar to those known from blockchains. The Raiden Network is a technology that leverages off-chain payment channel networks to address these substantial issues on the Ethereum blockchain: scalability, latency, transaction fees, improving privacy.

Raiden Token (RDN)

The Project token (RDN) is a general purpose, decentralised cryptocurrency envisaged to be compatible with and used on the Raiden Network. Upon its generation, the Project Token can be used to create micropayment channels on µRaiden (a payment channel framework for fast and free off-chain ERC20 token transfers) and perform payments over these channels. 

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18 OCT – 1 NOV, 2017

Industry: Blockchain Service

TOKEN SALE DETAILS

Token Name and Ticker RDN
Token Standard ERC20
Accepted Currencies ETH
ICO Dates 18 OCT - 1 NOV