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FAST, CHEAP, SCALABLE
TOKEN TRANSFERS FOR ETHEREUM


THE RAIDEN NETWORK

The Raiden Network is an off-chain scaling solution, enabling near-instant,
low-fee and scalable payments. It’s 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.


TECHNOLOGY

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. Nonetheless the technicalities can be abstracted
away, such that developers can interface with a rather simple API to build
scalable decentralized applications based on the Raiden Network.




GET STARTED

Raiden Light Client
The Raiden dApp is a reference implementation of the Raiden Light Client SDK. As
this release still has its limitations and is a beta release, it is crucial to
read the documentation with the security notes before using the software.
Try the Light Client



THE PROBLEM

Blockchains don’t scale well because there needs to be global consensus on the
order and outcome of all transfers. Every participant needs to learn about all
updates to the shared ledger. Hardware and bandwidth constraints set a limit on
the number of updates per second that can be shared in a decentralized network.


RAIDEN NETWORK 101

The basic idea of the Raiden Network is to avoid the blockchain consensus
bottleneck. This is done by leveraging a network of payment channels which allow
to securely transfer value off-chain, i.e without involving the blockchain for
every transfer.

To learn more, read the Raiden Network 101, take a look at the current
specification or check out the code.



SCALABLE

Scales linearly with the number of participants

FAST

Transfers can be confirmed within a subsecond

PRIVATE

Individual transfers don’t show up in the global shared ledger

INTEROPERABLE

Works with any token that follows Ethereum’s standardized token API (ERC20)

LOW FEES

Transfer fees can be orders of magnitude lower than on the blockchain

MICROPAYMENTS

Low transaction fees allow to efficiently transfer tiny values




USE CASES


. RETAIL PAYMENTS

There are quite a few high profile Ethereum token based projects competing to
bring blockchain based payments to the masses. Especially in developing
countries these efforts may potentially improve the life of millions. The Raiden
Network can be a crucial building block, as significant adoption relies on
scalable technology and competitive fees.




. P2P CASH

Cash as we know it is on the retreat as there is a trend towards cashless
societies. Scalable blockchain based payments can help to preserve the private
and decentralized nature of cash while updating its user experience to the
expectations of a new generation.




. MICROPAYMENTS

Blockchains are a hot candidate to become the payment infrastructure of the
upcoming machine-to-machine economy. IoT may increase the number of commercial
transactions by an order of magnitude and the cheaper the cost of transfers
become, the more use cases emerge. Micropayments can be used to get fine grained
access to APIs, bandwidth, computing power, storage, electricity, basically any
infrastructure. The same goes for content or entertainment such as webpages,
gaming, video or audio streaming. Already today many proposed DApps rely on tiny
payments between participants in the network to incentivise cooperative
behaviour.




. INSTANT TOKEN SWAPS

Next to payments, the exchange of tokens is probably the second most prominent
use case of blockchains. This is even more so the case, if the current trend of
tokenization continues. Decentralized exchanges built on Raiden Network’s atomic
token swaps feature allow to instantly exchange tokens at low cost.




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