The Raiden Network Token is an off-chain scaling solution, allowing near-instant, low-fee, and scalable payments. It’s complementary to the Ethereum blockchain and works with any ERC20 compatible token
WHAT IS RAIDEN NETWORK TOKEN (RDN)?
It is the first currency of the Raiden Network, which describes its protocol as a means for “cheap, fast, scalable token orders for Ethereum.” The system is meant to complement Ethereum, not compete against it, allowing for Ethereum cooperative tokens (ERC-20) to be utilized. It will deliver “low-fee, near-instant” payments despite the number of events processed in the network.
RAIDEN NETWORK TOKEN (RDN): HISTORY
RDN came to life in 2000 and was found out by Heiko Hees. It is generated by Germany’s Brainbot Technologies AG, a software organization dedicated to blockchain protocol expansion. The website does not involve RDN as one of their central blockchain improvements, which could be connected with the problem of highlighting a broad class of designs they are currently undertaking on one page.
HOW DOES RAIDEN NETWORK TOKEN (RDN) WORK?
Raiden Network’s technology can be presented as a cover on top of the blockchain, ultimately creating a cooperative union within it and Ethereum’s fundamental framework. It omits the need for global agreement, which significantly decreases the networks skill to scale at elevated levels. Eliminating the need for a global convention is “done by leveraging a system of payment ways which allow to securely transfer price off-chain, i.e., externally involving the blockchain for every transfer.
HOW TO BUY RAIDEN NETWORK TOKEN (RDN)?
The simplest way to trade for these coins is to create a Coinbase or Bitstamp account initially. Once validated, the user can buy Ethereum via bank transfer or credit card and then deposit the tokens upon an alternative exchange, such as Binance/ Huobi/ Gate.io. The best place to store the RDN’s is the official wallet and if you are more concerned about security, then put this wallet inside a physical hard wallet.
RAIDEN NETWORK TOKEN (RDN) PRICE PREDICTION 2018
Raiden Network Token can be a valuable investment option. RDN price equal to 2.815 USD at 2018-03-03. If you buy RDN for 100 dollars today, you will get a total of 35.526 RDN. Based on our forecasts, a long-term increase is demanded, the price prediction of 2023-02-24 is 31.870 US Dollars. With a 5-year investment, the revenue is expected to be around +1032.22%. Your current $100 investment may be up to $1132.22 in 2022. RDN price today is $2.815 and have the current supply of 50,168,936 RDN. The market cap value is $141,002,303, and the volume is marked as $3,725,060.