Review on Raiden Network Token by Alex Fed
Raiden is a network for instant transactions.
Raiden Network is a solution for scaling the ETH network, allowing for almost instant payments with a low commission. The network has RDN token. Transaction fees are used by developers to increase network reliability. The developers tried to create a fast safe and easy-to-use payment channel for making instant payments that doesn’t require the consent of all participants. For a successful transaction, only the confirmation of the sender and recipient is enough.
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.
