Review on Raiden Network Token by Toprak Dere
About Raiden Network Token
Raiden Network is the on-chain scaling solution and provides instant, low-cost and scalable payments. It is complementary to the Ethereum blockchain and works with any ERC20 compatible token. The Raiden project is a work in progress. Its purpose is to research state channel technology, define protocols and develop reference applications.
Raiden Network is the infrastructure layer above the Ethereum blockchain. While the idea is simple, the implementation is quite complex. It will move from a model where all transactions hit on the shared ledger on the blockchain, to a model where users can transfer tokens by exchanging messages privately without incorporating a global consensus protocol, while at the same time maintaining security and guarantees as expected.
It seems that investors interested in RDN Token mostly use this cryptocurrency for long-term investment. Therefore, RDN token investors expect the cryptocurrency to increase in the long run.
However, the RDN coin, which attracts more attention with the Binance listing, seems to give investors confidence since it has been in the market for a long time.
It will be useful to look at the current figures to clearly understand why investors are considering it long term.
Pros
- Low fee and commission transactions
- Works in conjunction with any ERC-20 coin
- future is bright
Cons
- not listed in most exchanges
