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Raiden Review 2019: RDN Still Worth It???

► Full Overview:
► FREE Giveaway:


⛓️ 🔗 Useful Hyperlinks 🔗 ⛓️

► Web site:
► Docs:
► GitHub:


📱️ Socials 📱

► Official Weblog:
► Twitter:
► Gitter:


📝 Challenge Overview 📝

The Raiden Community is a layer 2 scaling resolution that would assist take the pressure off of the Ethereum mainchain.

⚙️ Expertise ⚙️

Raiden offers a community of ‘off-chain’ cost channels that allow individuals to ship tokens to one another while not having world consensus or involving the blockchain for each switch.

In an effort to make it possible for there may be safety on this channel, each of us are required to make a “down cost” as collateral.

As soon as this cost channel is ready up, individuals can ship tokens between themselves as many occasions as they need (“bi-directional”).

As soon as finished, all of those off-chain transactions shall be bundled up and despatched to the Etheruem mainchain as a single transaction.

💰️ Token 💰

Raiden Community Tokens (RDN) are ERC20 utility tokens within the Raiden ecosystem.

The tokens are generated every time a channel is opened and they’re used between the individuals with a purpose to make the funds.

These funds are then made by means of Micro Raiden for frequent, quick and free micropayments.

The Raiden community didn’t conduct an ICO. Tokens had been offered by means of an public sale course of.

There’s a mounted whole 100 million RDN tokens that had been generated. Of those, 50% had been offered throughout the public sale.

👨‍💻️ Crew, Companions & Improvement 👨‍💻

The corporate creating the expertise is known as Mind Bot Applied sciences.

Brainbot was based in 2000 by an Ethereum core developer and it has grown significantly since then.

They at present have workplaces in Berlin, Mainz and Copenhagen.

Improvement on the challenge has been fairly intensive and there have been quite a few GitHub Commits.

📈 Buying and selling & Wallets 📈

RDN is listed on the likes of Binance, Huobi, Gate.io and many others.

Volumes seem like properly unfold out throughout these exchanges, nevertheless they’re actually fairly skinny on every of the order books.

Which means the liquidity of the token on the alternate books is more likely to be restricted.

Storage can happen in any pockets that helps ERC20 tokens


📜 Disclaimer 📜

The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who shouldn’t be a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable threat of loss. The speaker doesn’t assure any explicit consequence.

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Source: Coin Bureau

16 Responses

  1. With Eth extremely congested, why is this not implemented if it works? The problem is here now and the crypto world wants a solution for scaling, we have Raiden sitting here doing nothing to solve the problem. Maybe because it doesn't work. Happy to be proven wrong.

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