What is Raiden (Raiden)?

Raiden is an Ethereum layer-2 solution. Unlike the Lightning Network, Raiden isn’t just a simple payment channel. You can transfer smart contract details, as well. As per Brainbot, the company behind Raiden, says that Raiden will be a mesh-like structure laying on top of Ethereum.

What is the Raiden network token?

The Raiden Network Token is the native currency of the Raiden Network, which describes its protocol as a means for “fast, cheap, scalable token transfers for Ethereum”. The protocol is meant to complement Ethereum, not compete against it, allowing for Ethereum compatible tokens...

Where can I store RDN?

Given that RDN is an ERC-20 token, you can store it on hardware wallets that support the Ethereum blockchain such as Trezor or Ledger Nano S. You can also store it on MyEtherWallet (MEW). To check out more wallets, refer to our guide The Best Ethereum Wallets.