Inside The Raiden Network’s Plan to Make a Highly-Usable Cryptocurrency

Inside The Raiden Network’s Plan to Make a Highly-Usable Cryptocurrency

One of the primary priorities for blockchain technologists is finding innovative ways to bring scalability to existing cryptocurrency infrastructure. The problem, at a high level, is that today’s most popular digital-coins, including Bitcoin, Litecoin and Ethereum, are ill-prepared to support widespread consumer adoption. For example, Ethereum’s network is current capped at roughly 20 transactions per second. Visa’s network (VisaNet), on the other hand, handles an average of 150 million transactions every day and is capable of handling more than 24,000 transactions per second . To achieve global-use and support a budding crypto-economy, developers are working to bring scalable, accessible-architecture […]