https://www.cryptocoinsnews.com/ethereum-races-ahead-raidens-implementation-lightning-network/Brainbot Technologies, a blockchain development, and consulting company, just released the first implementation of the Raiden Network, which, similar to the Lightning Network, is a layer two protocol on top of Ethereum’s blockchain,
significantly increasing Ethereum’s transaction capacity from the current estimated 20 transactions per second to tens of thousands.The first proof of concept version conceptually solves all aspects “and it can work on the current Ethereum blockchain as it is,” according to Heiko Hees, an Ethereum core developer and CEO of Brainbot, with a “hardened” beta version planned for winter 2016.
One can have a decentralized exchange, therefore, run on the Raiden Network, or, machine to machine payments at a global scale as the network scales linearly with the number of participants. If you add another intelligent machine to the network, for example, you are also adding capacity at the same time to such extent that one might say its scalability is as good as unlimited.
To prove the point,
a demo of 100,000 transactions per second is planned for the end of August, turning into reality the long spoken dream of microtransactions which could replace or complement advertising and save the publishing industry.
In combination with Ethereum’s plans for on-chain scalability through sharding, the Raiden Network allows ethereum’s public blockchain to handle any imaginable blockchain application, thus solving the scalability problem and shifting the ecosystem’s focus to securing digital currency and to the implementation of many new applications made possible by blockchain’s invention.
So in around 3weeks we could witness something truly revolutionary for all of crypto...WOW, if this is pulled of 1ETH will be over $25 overnight and the buy pressure will be huuuuuuuuuge.
ok i posted this here 12hours ago and bitpoop deleted it!?!
Not even 1post here to say how immpressive Raiden is!? are you guys serious....are you all a bunch of noobs? forget the etc-eth war for a minute....forget the prices...
This is without a shadow of a doubt the BIGGEST news i have seen for crypto since....crypto,lol and this is what is required to elevate us all to real mainstream adoption.
This 100k+ txps putting us on par with Visa/Mastercard and potentially even 1m+txps in the near future was a fantasy...however in 3WEEKS we will see it for real!
TIME TO WAKE UP GUYS
