Riccardo
Fri Nov 15 2024
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5 answers
1106
What is Raiden network?
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.
Sara
Mon Nov 11 2024
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7 answers
1269
What is the Raiden network?
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.
