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Rank #758
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raiden network token  (RDN)

Raiden Network Token (RDN)

$0.247827 1.4%
0.00000760 BTC 0.6%
0.00012089 ETH 0.2%
4,579 people like this
24H Range
Market Cap $12,656,474
24 Hour Trading Vol $237,780
Circulating Supply 51,063,933
Total Supply 99,999,999
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Raiden Network Token (RDN) Price Chart

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RDN Price and Market Stats

RDN Price $0.247827
Market Cap $12,656,474
Market Cap Dominance 0.00%
Trading Volume $237,780
Volume / Market Cap 0.0188
24h Low / 24h High $0.242315 / $0.255411
7d Low / 7d High $0.201501 / $0.255121
Market Cap Rank #758
All-Time High $8.65 -97.1%
Jan 09, 2018 (over 3 years)
All-Time Low $0.046500803377 434.4%
Mar 13, 2020 (over 1 year)

Raiden Network Token Coin Price & Market Data

Raiden Network Token price today is $0.247827 with a 24-hour trading volume of $237,780. RDN price is up 1.4% in the last 24 hours. It has a circulating supply of 51 Million RDN coins and a total supply of 100 Million. If you are looking to buy or sell Raiden Network Token, Binance is currently the most active exchange.

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 introduction of payment channels, specifically the type first described by the Lightning Whitepaper (which introduced the Lightning Network), seeks to fix the scalability and congestion issues that currently plague blockchain technology. While the Lightning Network operates on the Bitcoin blockchain, Raiden introduces a comparable solution for the Ethereum network.

There are several key features of the Raiden Network Token. Expedited transfer confirmations (<1 second ). Current transfers on the Ethereum blockchain can take a few seconds to minutes. Private transfers that are not viewable on the global ledger. Solve scalability issues so that Ethereum can create mass adoption, allowing Ethereum to become the peer-to-peer, global payments infrastructure with electronic cash that it was initially designed for. Low fee transactions. Micropayment capability that works in union with any ERC-20 token.

The Raiden Network project is being developed by Germany’s Brainbot Technologies AG, a software company devoted to blockchain protocol development. Founded in the year 2000 by Heiko Hees, it currently has between 11 to 50 employees in offices among Berlin, Mainz, and Copenhagen. Also the founder of PediaPress, Hees has been a core developer of Ethereum since March 2014. Being a core developer for Ethereum, it is evident on how the founder sees the flaws in the current its present protocol with ways to improve it. Interestingly enough, the website does not include RDN as one of their main blockchain developments, which could be attributed to the difficulty of highlighting a wide variety of projects they are currently undertaking on one page. However, there are no updates on the status of the Raiden Network Project on either Twitter nor Medium since December 1st, 2017.

Raiden can be used for a wide variety of applications and purposes such as Micropayments For Content Distribution, Decentralized M2M Markets, API Access and Fast Decentralized Exchanges."

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