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Coins: 3756
Exchanges: 269
Dominance:
BTC 52.0%
XRP 11.1%
ETH 10.5%
RDN
USD

Raiden Network Token (RDN)

1h
24h
7d
14d
30d
1y
0.14%
-0.52%
-15%
-8.2%
32%
-95%

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Raiden Network Token Volume by Exchange

# Exchange Pair Price 24h Volume Volume %
1
Updated 26 minutes ago
$0.22
0.00006027 BTC
$185,801.72
855357.000 RDN
42.23%
2
Updated 26 minutes ago
$0.22
245 KRW
$157,983.75
723724.630 RDN
35.73%
3
Updated 17 minutes ago
$0.21
241 KRW
$28,721.67
133753.613 RDN
6.60%
4
Updated 26 minutes ago
$0.22
0.0017715 ETH
$24,146.80
111490.000 RDN
5.50%
5
Updated 18 minutes ago
$0.22
0.00179774 ETH
$14,452.43
65835.044 RDN
3.25%
6
Updated 26 minutes ago
$0.21
0.03561 BNB
$9,138.93
42805.500 RDN
2.11%
7
OAX
Updated 17 minutes ago
$0.21
0.00176008 ETH
$4,864.44
22671.000 RDN
1.12%
8
Updated 28 minutes ago
$0.22
0.2167 USDT
$4,242.99
19526.786 RDN
0.96%
9
Updated 23 minutes ago
$0.22
0.00006002 BTC
$1,995.23
9238.492 RDN
0.46%
10
Updated 23 minutes ago
$0.22
0.00177704 ETH
$1,650.74
7609.000 RDN
0.38%
11
Updated 24 minutes ago
$0.21
0.00005841 BTC
$651.13
3093.097 RDN
0.15%
12
Updated about 3 hours ago
$0.22
0.0017904 ETH
$72.79
333.108 RDN
0.02%
Quick Stats
Raiden Network Token Price $0.22
Market Cap $10,911,237
Market Cap Dominance 0.01%
Trading Volume $433,182
24h Low / 24h High $0.21 / $0.22
Market Cap Rank #207
All-Time High $8.65
Since All-Time High -97%
All-Time High Date Jan 09, 2018 (about 1 year)
1 Hour 0.14%
24 Hours -0.52%
7 Days -15%
14 Days -8.2%
30 Days 32%
60 Days -45%
1 Year -95%
Raiden Network Token/Bitcoin Ratio 1 BTC = 16577.17 RDN
Misc. Info
Genesis Date October 18, 2017 (about 1 year)
Hashing Algorithm -
Hashrate N/A
Block Time minutes
Available/Total Supply 50.3 Million / 100 Million How is this calculated?
Complete Metrics Score
55%
Total
Major Exchanges Trading Activity
36%
Liquidity
Source Code Repository Activity
86%
Developer
Social Media & Discussion Board
41%
Community

About Raiden Network Token

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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Contributors
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