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Cryptocurrency Q&A What is the Raiden network?

What is the Raiden network?

Sara Sara Mon Nov 11 2024 | 7 answers 1269
The Raiden Network is an off-chain scaling solution for the Ethereum blockchain, enabling near-instant, low-fee, scalable, and privacy-preserving ERC20 token transfers. It utilizes payment channel technology, allowing secure token transfers between participants without global consensus, and is Ethereum's version of Bitcoin's Lightning Network. What is the Raiden network?
raiden network what is definition

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