Raiden Network

Raiden Network is a proposed extension to Ethereum which scales-out asset transfer capacity.

It's inspired by the Lightning Network which leverages off-chain asset transfers to carry out the vast majority of transactions.This is work in progress.

A team of ethereum developers has successfully completed what they say is the first off-blockchain transaction on the decentralized application network.

Sent from Copenhagen, Denmark, to our Mumbai, India, the test saw the developers behind micropayments project Raiden send ether via clients operated by members in those cities last week.

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