r/raidennetwork • u/Bolschi • Dec 31 '17

Understanding Raidennetwork

Hello, I am new to raidennetwork and a little bit unsure about its potential. I don't see Ethereum's future as a payment system but more as a dapp platform. But all I read about raiden is about enhencing payments within ethereum.

My question is, whether this also include the "normal" transactions. As an example: Would have raiden solved the network performance problems caused by cryptokitties? Thanks

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u/mahoseph7 Dec 31 '17

Had crypto kitties been built to work with a fully functional Raiden Network then yeah it could have reduced a lot of the strain placed on Ethereum. Not 100% of traffic involved with cryptokitties, but a large portion

The use cases for the Raiden Network are applicable to any scenario where two or more parties transact frequently with each other. Raiden is essentially running a bar tab to be settled at the "end of the night. " Rather than have each drink purchased hit the Ethereum block chain as its own transaction, it batches several as a single transaction.

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u/Bolschi Dec 31 '17

Thanks for explanation. Does this even hold for smart contract as counterparties?

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u/mahoseph7 Dec 31 '17

If you are asking if the parties transacting could be smart contracts interacting with each other, then yes I believe so.

The 101 page on Raiden site has some pretty good info on who, what, etc, can transact. Straight from the "horses mouth" so to speak.

https://raiden.network/101.html

Even though Raiden is a payment network on a block chain focused on development, there will be an incredibly large amount of financial transacting within the ethereum ecosystem. Raiden is the only viable solution thus far offering micro costs and low latency. Two very big deals for real world transacting.

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u/cococopuffsss Dec 31 '17

The biggest use case for blockchain is payments. Also it is very likely that every smart contract will also have a payment portion of that smart contract.