ALTCOINS Ethereum [ETH] based payments channel launches final testnetOn 19th July, during the ongoing Dappcon developer

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ALTCOINS Ethereum [ETH] based payments channel launches final testnetOn 19th July, during the ongoing Dappcon developer

Fri Jul 20, 2018 11:57 am

On 19th July, during the ongoing Dappcon developer conference in Berlin, Raiden launched its last testnet. Raiden is an Ethereum based payments channel project that aims to make payments “near instant, low fee and scalable”. The launch of the final testnet will enable users on Raiden to trade Ethereum on off-chain channels.

Raiden’s official website states that:

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.”

Lefteris Karapetsas, the Core Developer of the Raiden project has stated that this launch will ensure that the network is battle tested for users to have a seamless experience. The testnet contains new features such as rewritten smart codes and pathways that are immune to accidental closure.

Karapestas stated:

We really want people to really test this so we have a user interface, we have an API and we’ve created an open Github for everything they could find, so if we go hopefully bug-free on the mainnet.”

The Raiden Network is an infrastructure layer on top of the Ethereum blockchain. While the basic idea is simple, the underlying protocol is quite complex and the implementation non-trivial. Nonetheless, the technicalities can be abstracted away, such that developers can interface with a rather simple API to build scalable decentralized applications based on the Raiden Network.

https://ambcrypto.com/ethereum-eth-base ... l-testnet/

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