Discover Raiden, a lightning payment solution for Ethereum
Do you want to learn how Raiden Team is enabling a new instanmt payments system
The Raiden Network is an off-chain scaling solution for performing ERC20-compliant token transfers on the Ethereum blockchain. It is Ethereum’s version of Bitcoin’s Lightning Network, enabling near-instant, low-fee, scalable, and privacy-preserving payments.
The Raiden Network allows secure transfers of tokens between participants without the need for global consensus. This is achieved using digitally signed and hash-locked transfers, called balance proofs, fully collateralized by previously setup on-chain deposits. This concept, illustrated in figure 1, is known as payment channel technology. Payment channels allow for practically unlimited, bidirectional transfers between two participants, as long as the net sum of their transfers does not exceed the deposited tokens. These transfers can be performed instantaneously and without any involvement of the actual blockchain itself, except for an initial one-time on-chain creation and an eventual closing of the channel.
1. Introduction to Raiden
2. Raiden Demo
3. Deploy a token on testnet: How to deploy own ERC20 token network
Jacob Stenum Czepluch
Jacob has been part of the Raiden Network project since its beginning. Before he started working with brainbot and Raiden, he did an internship with the Ethereum Foundation where he worked on the Python client. Jacob has also done several Ethereum and Solidity focused workshops for enterprise companies, but also as part of his work for the Copenhagen Ethereum Meetup group, which he started more than 3 years ago.
Dominik is part of the Raiden Network since 2 month. He is working with Blockchains and their Use Cases since two years and is experienced in facilitating workshops that involved blockchains and their business applications.
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