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...

What is the RDN token?

The RDN token is a virtual currency of the Raiden Network and aims to be used for many service-related purposes on the network, which includes: The token is used for making payment of peripheral fees. The token is used to reward users on the network for their contributions to the network, like monitoring services, finding paths with capacity, etc.

What is the Raiden network?

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.

What is a token in networking?

This protocol passes a special message called a token through the network A computer that receives the token is given permission to send a packet of information If the computer has no packet to send, it passes the token to the next computer Computer Networks = Computers + Communications Types of Communication Channels 1 . Wire 2 .