Huobi Pro launches Raiden Network(RDN) on November 14th, 2017 (GMT+8). Deposit starts at 14:00, November 14, 2017 (GMT+8). RDN/BTC and RDN/ETH trading starts at 14:00, November 15, 2017 (GMT+8).
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.
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.
Project Overview: https://raiden.network/101.html
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November 14, 2017