Pros
- Low fee and commission transactions
- Works in conjunction with any ERC-20 coin
- future is bright
Cons
- not listed in most exchanges
Raiden Network Token Review
15
·
Followers 4
·
Average
Rating
4.0
Crypto Projects, ERC20
Description of Raiden Network Token
Raiden Network Token (RDN) is a cryptocurrency and operates on the Ethereum platform. Raiden Network Token has a current supply of 99,999,999.99999996 with 66,793,930.99651379 in circulation. The last known price of Raiden Network Token is 0.01301439 USD and is down -1.11 over the last 24 hours. It is currently trading on 15 active market(s) with $28,957.41 traded over the last 24 hours. More information can be found at https://raiden.network/.
Pros
- Interoperability approval
- Very fast transactions with very low commission fees
- The design of the website is great
- Can perform a large number of instant transactions
Cons
- The project has not been receiving updates for a long time
Pros
- The leading picks for the payments system.
- Transactions are fast and easy.
- Low transaction fees.
Cons
- No drawbacks.
Pros
- Low charge and commission exchanges
Cons
- No flaws
Pros
- Enterprise scale according to customer size. The larger the number of customers, the greater the size
- Exchanges associated with Raiden Network have no excavator costs and will not be charged.
Cons
- There is so much to do with an unstable market, so the price is too far from an unparalleled top
Pros
- Raiden Network transfers are as fast as text messages. As soon as you receive a signed Raiden transfer, you can be sure that you now have the amount included in the transfer. There is no need to wait for any confirmation.
- Raiden Network transfer fees are much lower than on-chain transaction fees. Because instead of paying for global consensus, you only pay to convey peer-to-peer consensus.
- While Ethereum transactions are public, Raiden will be private between the paying, payee, and forwarding nodes of the transfer. When channels are closed, only the sum of transactions becomes visible to the whole world.
Cons
- Loss of almost 2000% in value between 2018 and 2020
Pros
- Profitable platform
- It can be used comfortably by everyone.
- Fast and easy operation in all possible transactions
Cons
- Website design can be a bit confusing for beginners
Pros
- Allows instant transactions.
- It is an interoperable blockchain.
- Offers low commissions for transactions on their network
Cons
- Variable value of digital currency
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.
Pros
- Raiden Network improves the manners of transaction on Ethereum by increasing the number of transactions per second to 100,000 and reduce the interruption time to nearly zero
- The project scales itself according to the number of users. The more the number of users increases, the bigger its size becomes
- Transactions associated with Raiden Network cost no miner fees but there will be very little peripheral fees
- Token economy is great as RDN token is allocated well and it is used as the currency to pay for peripheral fees
- A great team is behind the project which is the most important to its development
- Currently, RDN token is traded on various major exchanges with very good volume
- RDN can be used for a lot of financial and technological use cases
Cons
- It has suffered a lot from the volatile market so the price is far from the all time high
- There is no existing whitepaper which is claimed to be written after sometimes of development
- Ethereum has been self-involved by the time so the demand of side networks is a question
Pros
- This project has a real idea and works more than 1,5 years. During this time, the developers did a lot of interesting things.
- Raiden network has established community on social networks.
Cons
- I thought about invest in this project six months ago and the price was about 3$. Now it's 10 cents. I could lose a lot of money.
Pros
- Fast and better usability transfers
- Allows transfer of ERC 20 tokens without the need for a global consensus
- Low costs and preserves operator safety
- It allows bidirectional transfer between two operators
- The payment channels within the platform works with smart contracts
- In token of the platform has considerable price and is available in multiple renowned exchanges
- The messaging service hides IP addresses to prevent DoS attacks
Cons
- The operation of the platform can be complicated for people with little experience
- There are already competing projects in the market for the same purpose
- It has a transaction limit on the platform
- It may be affected despite the new update 2.0 of the Ethereum network
Pros
- Reduction of time or side token fees.
- Compatibility with different block chains ..
- Project driven by Etherium developers.
- Chain part of the upgrade to ETH 2.0
- Supports micropayments with tokens already established.
- High performance and low rates.
Cons
- It is not yet possible to use the entire Raiden network.
- It is currently in development
- There are other projects with similar characteristics.
- Currently there is no exact time of its implementation.
- Ambitious project and this can be a double-edged sword.
Pros
- Fast transfer confirmation is less than 1 second.
- Scalability that enables the public to accept it for Ethereum.
- Increased privacy due to 'off-chain' transactions.
- Low fee transactions.
- Micropayment capabilities.
Cons
- No physical or digital backing (assets, profits, products).
Pros
- ETH shaped object. P2P transfers in seconds, like a text message. Fees reduced by off chain transactions. Cool little spinny thing when the application is thinking. Way better than an hourglass. The only solid plus I can find is that its based out of Liechtenstein, a forward looking nation with incentive and intellectual ability to see the potential before us all. Bad laws kill good products, and good laws help bring bad products forth, but at least they also let in the good ones with it.
Cons
- No white paper yet. If I need go on, please go google the importance of a business plan and the relationship between that item and a cryptocurrency offerings whitepaper. The Raiden 101 link at the top of the web page goes 404. Either needs to be removed or updated. A good management team has a project manager or seven to handle small details like the WEBSITE NOT LINKING TO IT'S OWN PRODUCT. Later found the link next to it, uRaiden, also goes 96 less than 500. Guys. This is your project. How is this released upon the public before it is ready? How? Last Gen bad management techniques founded on shareholders being the only ones who matter. Not the staff serving, not the cooks cooking, not the maitre'd absorbing Alexander Hamiltons for a better table, not the food delivery people or the farmer growing and raising what will be cooked and served. The stupid shareholders, who care not if it works or makes the world better, but rather only simoleons.
