Raiden Network Token

Contents

Overview of Raiden Network Token

  • The Raiden Network Token is the native currency of the Raiden Network, which operates in a similar fashion to Blockstream’s Lightning Network, while staying true to the open source paradigm followed by its core team.
  • Raiden Network Token price is down -6.30% within the last 24 hours and seems to maneuver downwards by -3.36% according to final hour transactions.
  • Raiden Network Token is developed by Brainbot Technologies AG, a Germany based software company devoted to development of blockchain protocol.
  • Raiden Network Token has a market capitalization of $133.64 million and can currently be purchased for about $2.66 or 0.00034542 BTC.
  • Raiden Network Token has a circulating provide of 66,793,935 cash and a total market cap of $9,950,262 which ranks it at place 351.
  • Raiden Network Token’s market cap currently sits at $50,690,800.00 USD, holding up for a market cap rank at #583.
  • Raiden Network Token is a well-known cryptocurrency that trades using the ticker symbol RDN .
  • Raiden Network Token (RDN) is trading at $0.99468 USD, decreasing by -1.03% since yesterday.
  • Raiden Network Token all-time high is $8.65 This ATH was reached on Jan 9, 2018.
  • Raiden Network Token ist in den letzten 24 Stunden um 1.40% gefallen.
  • Blockchain

    The company was founded in year 2000 by Heiko Hees.He is also a core developer of Ethereum as well, and therefore well placed to understand its drawbacks.

    Network

    There is a max supply of 100,000,000 RDN that will ever be available, based on mining efforts through the miners.This means learning how to sell Raiden Network Token / RDN is relatively time sensitive as all coins could in theory be purchased at some point in the future.Don’t worry, though, that’s likely decades away for most major cryptocurrencies.

    #6 – Should you Invest in Raiden Network Token?

    The RDN development team has been prudent in their approach in building this project.

    How can I setup a µRaiden application?

    Please visit our GitHub repository for instructions.

    How can Raiden work?

    Well since the protocol is an off-chain solution, the platform locks the Ether used for the transaction into a smart contract which frees the funds once the operation is complete.The smart contract is bidirectional, meaning both parties in the using the contracts can transact with each other.The channel is open, in the form of the smart contract, until all of the parties involved conclude to end it.

    How can we help you?

    We try to answer any question about our platform, blockchain and digital currencies in general, and articles up for discussion.

    How does µRaiden compare to the Raiden Network?

    µRaiden supports efficient off-chain token transfers to predetermined receivers (many-to-one).µRaiden uses the Raiden Network’s most basic building block, namely payment channels, and turns them into an easy to use off-the-shelf system.

    How does the Raiden Network (RDN) achieve 1 Million Tx/s?

    The beauty with the Raiden Network is that as it grows, the faster it becomes.More payment channels allows for quicker transactions as the network like the internet finds shorter transaction paths between parties, especially so after the Ithaca release.

    How does the Raiden Network (RDN) help Ethereum (ETH)?

    A fully functioning Raiden Network will assist with the transaction load of the Ethereum Network by taking the smaller transactions off chain whilst actually making Ethereum a more usable and attractive Network in terms of the scalability options offered.

    How Many Raiden Network Token Coins Are There?

    There are currently 50,991,692 Raiden Network Token coins circulating out of a max supply of 100,000,000.

    How Much Did Raiden Network Token Raise?

    The Raiden Network Token ICO (initial coin offering) raised $33,407,260 USD by selling 49861582.08955224 Raiden Network Token tokens at a price of $0.67 USD.The Raiden Network Token ICO began on October 18, 2017 and ended on November 01, 2017.

    How secure is µRaiden?

    µRaiden relies on Ethereum’s own security.Only the sender and receiver, identified by their respective private keys, are able to interact with their channel, both on-chain and off-chain.

    How to swap for RDN?

    Uniswap and Pancakeswap seem to no longer support RDN.I’ve also checked Binance and TrustWallet.

    Is there any value in the Raiden Network (RDN) Token?

    The ERC20 token RDN is the native token of the Raiden Network.To understand the value of the RDN token one needs to understand the fee structure and future governance model of the Raiden Network.

    Raiden Network – Ethereum's wings?

    Raiden Network project is developed to address the problems existing in Ethereum blockchain.

    RaidEx – Trading Versus Raiding?

    A potentially exciting element of the Raiden offering is the existence of a working cryptocurrency exchange built on its technology – potentially exciting because this exchange is not yet working, nor is a preview version available for public view.

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    Want to dig deeper into the Raiden Network (RDN)?

    The Raiden Network has a great community Telegram group run by the community for the community with key Raiden Team Members regularly participating in discussion: https://t.

    What are RDN tokens and what can I do with them?

    The project token (RDN) is a general purpose, decentralised cryptocurrency envisaged to be compatible with and used on the Raiden Network.It can be used to in micropayment channels on µRaiden, which is currently deployed on the Ethereum mainnet at 0x1440317CB15499083dEE3dDf49C2bD51D0d92e33 and perform payments over these channels.For more information on the RDN token, review the token contracts or see this blogpost.

    What do you think about the Raiden Network Token today?

    Let us know by clicking the given button.

    What does the future hold for Raiden Network (RDN)?

    Like Ethereum, the Raiden Network is a first stepper in its respective space — Layer 2 technology and it already has a few years head start on the competition.

    What fees are there?

    In µRaiden, off-chain transfers cost ZERO fees.Only opening and closing payment channels incur standard Ethereum gas fees.

    What future services or trends in Ethereum can benefit from the Raiden Network (RDN)?

    If you believe in the Internet of Things (IoT) story then you believe that micro payments and technologies like mesh networks are gonna be big.Raiden can assist with managing this type of payment transaction load off the main chain (in Layer 2) for Ethereum.

    What is a Raiden Network?

    Blockchain digital illuminated shape.Big data node base concept.

    What Is Raiden Network Token's Price Today?

    Raiden Network Token (RDN) is trading at $0.99468 USD, decreasing by -1.03% since yesterday.Raiden Network Token has traded $2,071,192 USD in the last 24 hours.

    What is Raiden Network Token?

    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.

    What is Raiden Network Token?

    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.

    What Is Raiden?

    Now, the Raiden platform acts as a second layer payment channel for Ethereum.The ETH network the second most used public blockchain in the world, due in part for being the first to allow smart contracts in the blockchain.But the current slowness if it when processing payments make it a bad contender for businesses as a point of sale (POS) service for groceries and other necessities.

    What is the Raiden Network (RDN)?

    The Raiden Network (RDN) is one of the first generic scalability solutions released on the Ethereum mainnet.Built as Layer 2, it is a Payment Channel Network, or a network of individual payment channels that can connect with each other like the internet to allow payment from Party A to Party Z.This network runs connected to but more importantly off the Ethereum main chain.But before we continue let’s understand how it interacts with Ethereum.

    What makes for a successful Raiden Network (RDN) Node?

    A successful Raiden Node will be provide users with balanced channels for payments to route through them as well as auxiliary services for their customers.

    What was the format of this launch?

    The launch was facilitated via a same price Dutch auction and a fixed percentage of tokens were offered.Read this blogpost for more details.

    What’s Raiden Network Token (RDN)?

    RDN is a ticker symbol for Raiden Network Token. As a general purpose, Decentralized cryptocurrency in Raiden Network which is a off-chain solution for increase scalability of Ethereum and other ERC-20 compatible tokens.Raiden Network is aiming for 100,000 transactions/second with low transaction fee.Raiden Network is an infrastructure layer on top of Ethereum blockchain that will allow developer to interface with a simple API and use to build a scalable D-App.

    When does the Raiden Network (RDN) move out of Alpha?

    Assuming no major bugs are found in Red Eyes, Ithaca the second version release is expected sometime in 2019, noting that the testing of Ithaca has already been opened in Github.

    Where is the Raiden Network (RDN) in its development lifecycle?

    The Raiden Network has just released (22 December 2018) it’s first mainnet version, called Red Eyes.This is an Alpha version and as such is very basic in its initial creation.

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    History of Raiden Network Token