Raiden Network is a token payment platform that provides its users with scalable, off-chain token transfers. Transactions are low-fee, near-instant, and private. Users can send any token that follows Ethereum’s token API (called ERC20) because the Raiden Network is built to complement and be interoperable with the Ethereum blockchain. The Raiden Network is essentially a payment infrastructure layer built on top of the Ethereum blockchain to provide scalable transactions through the use of payment channels that exist off-chain. Raiden aims to make it viable for users pay tokens to retailers, merchants, and more in the form of micropayments.
Raiden Network (RDN) tokens form a general purpose cryptocurrency that can be used to create payment channels and power the transactions that are sent through these channels.
|Market Cap||$9.45 M|
|Current Supply||50.59 M|
|Total Supply||100.00 M|