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rdn Raiden Network #1798
0.03 USD 10.35% +0.00
DAY RANGE
0.03 0.03
Circulating supply 51.1M
Total supply 100M
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rdn Price

Current Price 0.03 USD
Price Change 24H 0.00 USD
Price Change 24H 10.35%
Price Change 7D 14.79%
Price Change 14D 12.53%
Price Change 30D 31.68%
Price Change 60D -45.01%
Price Change 1Y -80.26%
Market Cap Change 24H 120.3K
Market Cap Change 24H 8.91%
All time high (ATH) 8.65 USD
ATH Change -99.67%
ATH Date 2018, Jan 09

rdn Markets

Gate.io
RDN/USDT
Last price: 0.03 USD
Last price: 0.03 USDT
Spread: 0.66%
24H Volume:
12.9K USD
Gate.io
RDN/ETH
Last price: 0.03 USD
Last price: 0.00 ETH
Spread: 4.63%
24H Volume:
3.4K USD
Uniswap (v3)
0X255AA6DF07540CB5D3D297F0D0D4D84CB52BC8E6/0XC02AAA39B223FE8D0A0E5C4F27EAD9083C756CC2
Last price: 0.03 USD
Last price: 0.00 0XC02AAA39B223FE8D0A0E5C4F27EAD9083C756CC2
Spread: 0.71%
24H Volume:
52.5 USD
Uniswap (v2)
0X255AA6DF07540CB5D3D297F0D0D4D84CB52BC8E6/0XC02AAA39B223FE8D0A0E5C4F27EAD9083C756CC2
Last price: 0.01 USD
Last price: 0.00 0XC02AAA39B223FE8D0A0E5C4F27EAD9083C756CC2
Spread: 14.21%
24H Volume:
26.9 USD

* Anomaly - Trading price is an outlier against the average

** Inactive - No trades in the last 3 hours

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. The introduction of payment channels, specifically the type first described by the Lightning Whitepaper (which introduced the Lightning Network), seeks to fix the scalability and congestion issues that currently plague blockchain technology. While the Lightning Network operates on the Bitcoin blockchain, Raiden introduces a comparable solution for the Ethereum network.

There are several key features of the Raiden Network Token. Expedited transfer confirmations (<1 second ). Current transfers on the Ethereum blockchain can take a few seconds to minutes. Private transfers that are not viewable on the global ledger. Solve scalability issues so that Ethereum can create mass adoption, allowing Ethereum to become the peer-to-peer, global payments infrastructure with electronic cash that it was initially designed for. Low fee transactions. Micropayment capability that works in union with any ERC-20 token.

The Raiden Network project is being developed by Germany’s Brainbot Technologies AG, a software company devoted to blockchain protocol development. Founded in the year 2000 by Heiko Hees, it currently has between 11 to 50 employees in offices among Berlin, Mainz, and Copenhagen. Also the founder of PediaPress, Hees has been a core developer of Ethereum since March 2014. Being a core developer for Ethereum, it is evident on how the founder sees the flaws in the current its present protocol with ways to improve it. Interestingly enough, the website does not include RDN as one of their main blockchain developments, which could be attributed to the difficulty of highlighting a wide variety of projects they are currently undertaking on one page. However, there are no updates on the status of the Raiden Network Project on either Twitter nor Medium since December 1st, 2017.

Raiden can be used for a wide variety of applications and purposes such as Micropayments For Content Distribution, Decentralized M2M Markets, API Access and Fast Decentralized Exchanges."

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