What is Raiden Network Token (RDN)?
The Raiden Network token (RDN), is the native token of the Raiden Network, which is an off-chain scaling solution that operates on the Ethereum blockchain. Its primary objective is to make it possible for ERC-20 tokens to be transferred at a low cost, in a timely manner, and on a scaleable basis.
The network additionally aims to provide users with security, anonymity, finality, and decentralization comparable to what other blockchains offer. Therefore, the objective is to create a setting where users can transfer tokens even in the absence of a global consensus method, all while removing issues that were previously connected to the Ethereum blockchain. In fact, the Raiden Network is comparable to the Lightning Network of Bitcoin.
Overall, the Raiden Network is suitable for making retail payments, P2P cash payments, micropayments, and instant token swaps.
To see the current RDN price, take a look at the Raiden Network tokens price chart above.
Use Cases of Raiden Network Tokens
For starters, RDN tokens are utilized to ease the process of payment transmission with the Raiden Network. Moreover, Raiden Network coins are used to incentivize network users, including liquidity providers, full node operators, and peripheral service providers. Additionally, RDN tokens might be used to cover network fees.
If you're interested in acquiring Raiden Network tokens, don't forget to make a thorough RDN price analysis beforehand. You can use the Raiden Network token price chart above for doing that.
Who Founded Raiden Network?
Brainbot Labs Est. is the company that developed the Raiden Network. Heiko Hees is the Chief Executive Officer of Brainbot and the person responsible for the conception of Raiden Network. Additionally, he is one of the core developers at Ethereum.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
31.67K
Followers: 31,678
0.04%
Following
95
0.00%
Posts count
840
0.00%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
4.89K
Subscribers: 4,898
0.02%
Subreddit type
public
Moderators
3
0.00%
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
-
Title
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These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
59 / 100
0.00%
Ahrefs Rank
286,418
1.55%
Organic Traffic (mo.)
241
23.05%
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
36
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
1.84K
Stars: 1,840
0.00%
Watchers
171
0.00%
Forks
377
0.26%
Language
Python
r/raidennetwork hot topics
@raiden_network posts