Raiden Network Description
The Raiden Network, an off-chain scaling solution that enables near-instant, low cost, and scalable payments, is the Raiden Network. It works with any ERC20 compatible token and is complementary to the Ethereum blockchain. The Raiden project continues to be developed. Its mission is to research state channel technology and define protocols. The Raiden Network is an infrastructure layer that sits on top of Ethereum's blockchain. Although the idea is simple, it is complex and difficult to implement. The technicalities can be simplified so developers can use a simple API to create scalable, decentralized applications that are based on Raiden Network. The Raiden Network's basic goal is to eliminate the blockchain consensus bottleneck. This is achieved by leveraging a network payment channels that allow secure transfer of value off-chain.
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