RATE Group | Ethereum Scaling Solution Raiden Releases Last Testnet Before Launch
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Ethereum Scaling Solution Raiden Releases Last Testnet Before Launch

21 Jul Ethereum Scaling Solution Raiden Releases Last Testnet Before Launch

Posted at 22:11h in Ethereum News by

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A new test network has been launched for Raiden, the ethereum payments channel project.

Announced at the Dappcon developer conference in Berlin on Thursday, the release features a minimal implementation of the scaling solution that will allow ethereum tokens to be traded on off-chain payment channels. Notably, this particular testnet will be the final one to battle-test the tech before it goes live for everyday users.

“It’s the first step towards going to the mainnet,” Lefteris Karapetsas, core developer of the project, told CoinDesk.

While Raiden saw a testnet deployment late last year, Karapetsas said the new release is an early implementation of the mainnet release itself and features newly rewritten smart contract code and payment channels that are recoverable in the case of an accidental closure.

Presenting the release at Dappcon, Karapetsas urged developers to use the testnet to help discover any potential bugs. A bounty program will also be announced to incentivize…

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