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Raiden Network

Ended
Ended: Nov 1, 2017

Off-chain scaling solution, enabling near-instant, low-fee and scalable payments

An off-chain scaling solution based on state channels compatible with ERC20 tokens.

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.

Off-chain scaling solution, enabling near-instant, low-fee and scalable payments.

Website

raiden.network

Not Verified

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Intro Video

ICO Details

Ticker Symbol:
RDN
Platform
Ethereum (ERC20)
Accepts:
ETH
Hard Cap:
109,532 RDN
KYC:
face
Restrictions:
No restrictions
Total supply
100,000,000 RDN

Public Crowdsale

Ended
Date Sale:
Oct 18, 2017 — Nov 1, 2017 @ 14 days
Sale Avalable Tokens:
50,000,000 RDN @ 50.0%
Price:
1 RDN = 0.67 USD (0.00219 ETH)

ICO Overview

About Raiden Network TechnologyThe 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.

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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1.0 ETH