The Raiden Network token launch is approaching quickly and is planned for next Wednesday, October 18th around 3pm UTC.
What is the Raiden Token (RDN) Launch about?
The Raiden Network aims to provide fast, cheap and scalable token transfers. This is possible by taking token transfers off-chain and avoiding the global consensus bottleneck of blockchains (explainer video).
There are multiple proposed blockchain scalability solutions. But in our view, only payment channel networks like Raiden seem to combine the low cost, low latency and scalability properties which are necessary for making blockchain-based payments viable.
In an earlier blogpost we described the Raiden token model, how RDN can be used with µRaiden and how it is envisaged to become the default token to pay for third parties in a Raiden Network.
While the Raiden project has its roots in the Ethereum ecosystem, it is not an Ethereum Foundation project and it is also not limited to Ethereum. The Raiden Network aims to become the default payment channel network for Ethereum, as well as for other upcoming EVM compatible blockchain systems such as Polkadot, Cosmos, Dfinity and others.
Auction here in source
https://medium.com/@raiden_network/the-raiden-network-token-rdn-launch-is-set-to-october-18th-5e9a2ffd7960
Raiden Network Token
Raiden is a payment network built on top of the Ethereum network. The goal of the Raiden project is to provide an easy to use conduit for off-chain (i.e. not on the Ethereum blockchain) payments without the need of trust among the involved parties.
Analysis of Raiden Network – Scalable Transfers for Ethereum
https://crushcrypto.com/analysis-of-raiden-network/
