Ethereum Races Ahead with Raiden’s Implementation of the Lightning Network

Ethereum Races Ahead with Raiden’s Implementation of the Lightning Network

Brainbot Technologies, a blockchain development, and consulting company, just released the first implementation of the Raiden Network, which, similar to the Lightning Network, is a layer two protocol on top of Ethereum’s blockchain, significantly increasing Ethereum’s transaction capacity from the current estimated 20 transactions per second to tens of thousands. The first proof of concept version conceptually solves all aspects “and it can work on the current Ethereum blockchain as it is,” according to Heiko Hees, an Ethereum core developer and CEO of Brainbot, with a “hardened” beta....


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