RATE Group | The Raiden Network May Just Have Solved Ethereum Scaling Issues on its Behalf
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The Raiden Network May Just Have Solved Ethereum Scaling Issues on its Behalf

21 Jul The Raiden Network May Just Have Solved Ethereum Scaling Issues on its Behalf

Posted at 17:06h in Ethereum News by

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ICO News
21st Jul 2018 13.06 GMT

The Raiden Network has announced the launch of its final testnet designed to provide scaling and offchain payment solutions for the Ethereum blockchain.

Sometimes compared to Bitcoin’s Lightning Network, Raiden will be deploying on the Ropsten testnet under the code name Icalo and this will be the last step before the promised summer mainnet release.

According to Raiden’s blog post, Icalo will serve to overcome some minor issues before the mainnet, referred to as Red Eyes, will be deployed. A bug bounty will also be in operation during the Red Eyes rollout.

NO NEWS IS GOOD NEWS

Raiden raised over 109,000 ETH in a crowdsale in November 2017 – at a price of 0.0021906 ETH/RDN – but marketing has appeared low on their agenda as news from the project has been sparse in the intervening months.

A minimum viable product (MVP) was expected soon after the token generation event…

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