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Author Topic: [ANN] [RDN] Raiden Network: Welcome to the Ethereum Lightning Network 🔥  (Read 9989 times)
the-doctor
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November 08, 2017, 04:55:27 PM
 #1

    Fast, cheap, scalable token transfers for Ethereum



    The 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.

    Features

    Scalable
    Scales linearly with the number of participants

    Fast
    Transfers can be confirmed within a subsecond

    Private
    Individual transfers don’t show up in the global shared ledger

    Interoperable
    Works with any token that follows Ethereum’s standardized token API (ERC20)

    Low Fees
    Transfer fees can be orders of magnitude lower than on the blockchain

    Micropayments
    Low transaction fees allow to efficiently transfer tiny values



    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.

    To learn more, read the Raiden Network 101, take a look at the current specification or check out the code.


    Use Cases

    The obvious use case for the Raiden Network is payments. Currently, the global payments industry generates roughly $2 trillion in revenue annually - and it’s growing.

    • Retail Payments

    There are quite a few high profile Ethereum token based projects competing to bring blockchain based payments to the masses. Especially in developing countries these efforts may potentially improve the life of millions. The Raiden Network can be a crucial building block, as significant adoption relies on scalable technology and competitive fees.

    • P2P Cash

    Cash as we know it is on the retreat as there is a trend towards cashless societies. Scalable blockchain based payments can help to preserve the private and decentralized nature of cash while updating its user experience to the expectations of a new generation.

    • Micropayments

    Blockchains are a hot candidate to become the payment infrastructure of the upcoming machine-to-machine economy. IoT may increase the number of commercial transactions by an order of magnitude - and the cheaper the cost of transfers become, the more use cases emerge.

    Micropayments can be used to get fine grained access to APIs, bandwidth, computing power, storage, electricity, basically any infrastructure. The same goes for content or entertainment such as webpages, gaming, video or audio streaming.

    Already today many proposed DApps rely on tiny payments between participants in the network to incentivise cooperative behaviour.

    • Instant Token Swaps

    Next to payments, the exchange of tokens is probably the second most prominent use case of blockchains. This is even more so the case, if the current trend of tokenization continues. Decentralized exchanges built on Raiden Network’s atomic token swaps feature allow to instantly exchange tokens at low cost.

    Works with any token that follows Ethereum’s standardized token API (ERC20)

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    cryptogaga
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    November 08, 2017, 05:47:11 PM
     #2

    Is the ICO over? how many tokens sold so far?

    Kucoin        Kucoin Referal Link

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    the-doctor
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    November 08, 2017, 05:52:43 PM
     #3

    Is the ICO over? how many tokens sold so far?

    50 000 000
    got to ico page you ll get the picture. It was Dutch Auction

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    Maurice1021
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    November 08, 2017, 06:10:28 PM
     #4

    Hi dev. I did not find the link channel discord or telegram and slack ... Can someone help me
    Actionminow
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    November 08, 2017, 06:56:11 PM
     #5

    Your team does not have any bouns proprams and bounty programs .

    You have  signature program, airdrop, bounty facebook, twitter and blog steem medium , ...
    zidane
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    November 08, 2017, 07:01:22 PM
     #6

    Your team does not have any bouns proprams and bounty programs .

    You have  signature program, airdrop, bounty facebook, twitter and blog steem medium , ...

    LOL this Project dont need any bounty or signatures. It is Raiden Network the second layer of Ethereum, biggest Supporter is Vitalik itself.
    This thing will be the next 1 billion dollar project.
    nestcafe
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    November 08, 2017, 07:07:18 PM
     #7

    Hello dev. What are you plans , news, update coming  Huh

    Future plans will include additional exchange news: cryptopia or yobit and coinexchange , ...

    Thanks DEV !
    cryptogaga
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    November 08, 2017, 07:12:27 PM
     #8

    Is the ICO over? how many tokens sold so far?

    50 000 000
    got to ico page you ll get the picture. It was Dutch Auction
    Ok but total coin supply at 1Billion  and only 50Million sold who has the remaining 950 million coins? or what is the distribution like?

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    luksbit
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    November 08, 2017, 07:23:41 PM
     #9

    In relation to rates, will it be according to the amount to be processed? Do  have a minimum amount of token  send the transactions?

    zidane
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    November 08, 2017, 07:32:31 PM
     #10

    Guys why you all asking that stupid questions? You never heard of this project? It is in talk since 2 years. Where you was the last months all?
    redboi
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    November 08, 2017, 08:20:03 PM
     #11

    Is the ICO over? how many tokens sold so far?

    50 000 000
    got to ico page you ll get the picture. It was Dutch Auction
    Ok but total coin supply at 1Billion  and only 50Million sold who has the remaining 950 million coins? or what is the distribution like?

    Not billion...100 mill
    bittraffic
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    November 08, 2017, 08:31:21 PM
     #12


    ICO is over already. It gathered more than 100K eth. Really huge. Not familiar with the project but I'm hopeful to buy some of it at a lower price just when it will be listed on exchanges. As long as ETH don't go higher than what it is today, its still going to be cheap.

    zidane
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    November 08, 2017, 09:18:28 PM
     #13


    ICO is over already. It gathered more than 100K eth. Really huge. Not familiar with the project but I'm hopeful to buy some of it at a lower price just when it will be listed on exchanges. As long as ETH don't go higher than what it is today, its still going to be cheap.

    it is on exchange

    https://coinmarketcap.com/currencies/raiden-network-token/
    tippytoes
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    November 08, 2017, 09:31:20 PM
     #14

    Your team does not have any bouns proprams and bounty programs .

    You have  signature program, airdrop, bounty facebook, twitter and blog steem medium , ...

    LOL this Project dont need any bounty or signatures. It is Raiden Network the second layer of Ethereum, biggest Supporter is Vitalik itself.
    This thing will be the next 1 billion dollar project.

    This might really be a great project to watch for. But Vitalik is not anymore active here in bitcointalk. He has so much things to do now.  Smiley

    the-doctor
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    November 09, 2017, 09:02:33 AM
     #15


    ICO is over already. It gathered more than 100K eth. Really huge. Not familiar with the project but I'm hopeful to buy some of it at a lower price just when it will be listed on exchanges. As long as ETH don't go higher than what it is today, its still going to be cheap.

    No way it is gonna cheap:-) This was a silent ico and not alot of stupid investitors here. It has only upside potential no space for low price:-)

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    bitcoinerik
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    November 09, 2017, 11:53:19 AM
     #16

    I have created an unofficial Raiden Network group on Telegram: https://t.me/joinchat/D4nnnk-cJZkakNXkU70vlw
    Feel free to join and to share the invitation link!
    mutecoin
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    November 09, 2017, 12:05:55 PM
     #17

    It's now up on Binance, so big volume inbound.

    Announcement: https://twitter.com/CryptoExNews/status/928589294637285376

    Big things are gonna go down today. Perfect time to get a listing as alts blossom again.
    (-_-)$$$$@ll_day
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    November 09, 2017, 12:13:23 PM
     #18

    I bought a ton last night @ 0.0031ETH, let the good times roll baby   Grin
    zidane
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    November 09, 2017, 12:58:17 PM
     #19

    It's now up on Binance, so big volume inbound.

    Announcement: https://twitter.com/CryptoExNews/status/928589294637285376

    Big things are gonna go down today. Perfect time to get a listing as alts blossom again.

    It seems like Bittrex, Polo and Bitfinex is preparing to add
    the-doctor
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    November 09, 2017, 04:43:20 PM
     #20

    I have created an unofficial Raiden Network group on Telegram: https://t.me/joinchat/D4nnnk-cJZkakNXkU70vlw
    Feel free to join and to share the invitation link!


    Raiden has its own live chat checkout website. Do not use this telegram link

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