Inactive
rdn Raiden Network
$ 0.003614
0.073436 BTC
3 satoshies
Market Cap
184,822.7122 $
24 Hour Trading Vol
3,624.4579 $
Circulating Supply
51,13 MLN.
Total Supply
99,99 MLN.
Max Supply
-
Fully Diluted Valuation
361,424 $
Coin Information
This coin is no longer being updated and is inactive. Its information may be updated in the future, but it is not currently active.
Last updated 20 February, 2025
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Info
Contract
0x255aa6df07540cb5d3d297f0d0d4d84cb52b
c8e6
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Raiden Network Price Statistics
0.003614 $
0.003523 $ / 0.004254 $
3,624.4579 $
#20077
184,822.7122 $
8.65 $
-99.95%
09 January, 2018, (8 years ago)
0.00211 $
71.21%
31 August, 2024, (a year ago)
About Coin
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."
What is the highest value Raiden Network (RDN) has ever reached?
Raiden Network (RDN) reached its peak price at 8.65 $ on 09 January 2018, approximately 8 years ago ago. Presently, the current price is -99.95% lower than this all-time high.
What is the historical minimum price for Raiden Network (RDN)?
The minimum price reached for Raiden Network (RDN) was 0.00211 $, documented on 31 August 2024, more than a year ago. In comparison, the current price is 71.21%, it above this historical low.
What is the fully diluted valuation of Raiden Network (RDN)?
The fully diluted valuation (FDV) of Raiden Network (RDN) stands at $ 361,424. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of RDN tokens. The realization of this FDV might take several years depending on the emission schedule of RDN tokens.
How to add Raiden Network (RDN) to MetaMask?
By integrating Raiden Network (RDN) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import RDN as a token. You can either manually import RDN by copying its contract address (0x255aa6df07540cb5d3d297f0d0d4d84cb52bc8e6) or use MetaMask's Chrome extension to add RDN with a single click through P.CASH.
How to add Raiden Network (RDN) to TrustWallet?
Incorporating Raiden Network (RDN) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include RDN, you can either manually import it using the contract address (0x255aa6df07540cb5d3d297f0d0d4d84cb52bc8e6) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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