Review on Raiden Network Token by LUIS RIVERO R
Solution to side chains and scalability.
This platform seeks to solve problems related to side chains and their autonomy in processing transactions in the Ether chain with ERC-20 compatibility
Currently, more updates to ETH 2.0 are being developed in etherium, which makes these types of projects key to that launch.
In general, RDN is a complementary token for etherium that only seeks to improve it and that any ERC20 compatible asset can be sent on this network.
-Offering greater scalability, private and signed transactions outside the principal, decrease in confirmation times and fees
-Ademas also offers compatibility with tokens from other chains such as EOS, BNB, TRX among others.
As for its operation it is something similar to the sending of private and encrypted messages only the two members will be able to access that chain but to corroborate the transaction the user who sends the transaction must make an initial deposit and have the necessary amount for the sending, after this the transaction as such is processed outside the main blocks reducing the time.
-It has a good commercial performance, in addition to a somewhat volume compared to the available tokens.
-The repositories are constantly verified and updated making evidence of general progress.
Raiden RDN, is participating in the most important blockchain as is innovation and improvements in chains. And it is really ambitious because this project wants blockchain transactions to overcome traditional payment methods since they are not yet up to par, and adoption by millions of users is still unlikely since current networks are scalable in transactions.
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.
