The Raiden Network is an off-chain scaling solution, enabling fast, low-cost and scalable payments. Raiden Network is complementary to the Ethereum blockchain and works with any ERC20 compatible token.
The Raiden project is work in progress. Its goal is to research state channel technology, define protocols and develop reference implementations. Raiden Network uses bidirectional token payment channels using natural channel network topology.
The Raiden Network is an infrastructure layer on top of the Ethereum blockchain. While the basic idea is simple, the underlying protocol is quite complex and the implementation non-trivial.
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