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Developed by Brainbot Labs Est., the Raiden Network is a scaling solution that operates off-chain, facilitating fast and cost-effective transactions. It serves as Ethereum's equivalent to Bitcoin's Lightning Network, offering a complementary solution to the Ethereum blockchain. Compatible with any ERC-20 token, the Raiden Network Token (RDN) supports various applications, including micropayments, M2M markets, API access, and decentralized exchanges.
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What is the Raiden Network?
The Raiden Network is a transfer network designed for Ethereum ERC20 tokens. It offers a solution for fast, scalable, and cost-effective token transfers off the main Ethereum blockchain. Additionally, it ensures users enjoy the same level of finality, security, and decentralization as traditional blockchains.
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