Raiden Network Raiden Network

Raiden Network

Created using Figma
Created using Figma
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.
Risk: Very High
Oct 18, 2017
Nov 18, 2017
100% completed
$33 407 260
100% goal completed
past

About Raiden Network

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.

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.

Materials

Raiden Network

Activity

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Year commits:
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Watchers:
231
Stars:
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Forks:
293
Open issues:
157
Videos:
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Subscribers:
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Views:
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Likes:
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Dislikes:
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