Review on Raiden Network Token by Syed Adnan
Fast, cheap, scalable token transfers for Ethereum.
One of the primary challenges facing cryptocurrency is scalability and the reason for enthusiasts not being accepted by the public as soon as they do. This is where it comes in. It uses off-chain transactions to cut down on low-fee and scalability issues for almost instant transactions.
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Pros
- With off-chain transactions, it can process large numbers of transactions per second.
- As it can process more transactions per second, speed is higher than all other cryptos.
- As a result of off-chain transactions and high speeds, transaction fees are also very low.
- It enables private transactions, which are indicative of its focus on privacy, not visible in the global sector.
Cons
- There is no recent update from the developer, which may be the reason for some concern, it seems like a long-term project rather than a quick and interesting short.
