Cryptocurrency Q&A
What is Raiden network?
What is Raiden network?
Riccardo
Fri Nov 15 2024
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5 answers
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Raiden Network is an open, scalable payment channel network based on the Ethereum network. It enables faster and lower-cost payments than the blockchain itself by using off-chain currency transactions. Raiden supports various payment channels and features privacy protection, interoperability, and low fees, making it suitable for a wide range of payment scenarios.
5 answers
SsamziegangSerenadeMelodyHarmony
Sun Nov 17 2024
Raiden Network operates as a standalone protocol layer.
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Giulia
Sun Nov 17 2024
It leverages hash time-lock contracts as a core mechanism.
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CryptoNinja
Sat Nov 16 2024
These contracts enable secure and trustless transactions.
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Maria
Sat Nov 16 2024
The primary function of Raiden Network is to facilitate payments.
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Giulia
Sat Nov 16 2024
It does so by integrating with the Ethereum blockchain.
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