The Raiden Network is an off-chain scaling solution for performing ERC20-compliant token transfers on the Ethereum blockchain. It is Ethereum’s version of Bitcoin’s Lightning Network, enabling near-instant, low-fee, scalable, and privacy-preserving payments.
The Raiden Network allows secure transfers of tokens between participants without the need for global consensus. This is achieved using digitally signed and hash-locked transfers, called balance proofs, fully collateralized by previously setup on-chain deposits. This concept, illustrated in figure 1, is known as payment channel technology. Payment channels allow for practically unlimited, bidirectional transfers between two participants, as long as the net sum of their transfers do not exceed the deposited tokens. These transfers can be performed instantaneously and without any involvement of the actual blockchain itself, except for an initial one-time on-chain creation and an eventual closing of the channel.
Ticker
RDN
Supply
100,000,000
(~100 M)
NVT
27.64
Supply Turnover
7.71%
# of Exchanges
Top 10 supply %
74.8%
Industry
Scalability
Interoperability
Archetype
Utiltiy
Exchange Dependancy
7.79
Buy/Sell Pressure
1.83
Listing Profiles
7/7
Team
Yes
Consensus
Ethereum
Nodes
N/A
Throughput
N/A
Block Time
N/A
Block Size
N/A
Hashing Algo
ETH Hash
Governance Model
Semi-Decentralized
Social Audience
35,179
Social Platforms
8
Social Concentration
3.5
Blog Frequency
20.83 Days
Token Addresses
13,602