Source. Crypto info.com
What is Raiden Network Token?
Developed by Brainbot Labs Est., the Raiden Network is an off-chain scaling solution, enabling quick and cheap payments. It is Ethereum's version of Bitcoin's Lightning Network.
It complements the Ethereum blockchain and works with any ERC-20 token. The Raiden Network Token (RDN) supports a host of use cases such as micropayments, M2M Markets, API Access, and Decentralized Exchanges.