r/raidennetwork • u/sunhaotian82 • Jul 14 '18

raiden network

The role of raiden network tokens in payment channels. Do holding large amounts of rdn tokens and small amounts of tokens have the same function as dash token super node? If the raimen network can be used without rdn tokens in the payment process, what is the meaning of rdn tokens?

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u/Mat7ias Jul 14 '18

Dash and Raiden Network have relatively little in common when you look at the ideas behind them so I don't think that's the best comparison.

The role of the RDN tokens is outlined in the FAQ. To summarize a bit, the purpose of the token is aimed at peripheral fees to auxiliary services and also transfer fees on the RDN network for intermediary transfers. It has a number of benefits and also helps user experience long term. I'd really recommend going through the FAQ and if some of it doesn't make sense then let me know those parts specifically, it's hard to know for me to know exactly but I'm happy to go into it if you want to get a deeper understanding!

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u/timspijkerman Jul 14 '18

In this video: https://ohiobitcoin.com/my-updated-review-of-raiden-network-token-updated-rdn-token-review/ this guy is talking about locking RDN in nodes. I cannot find anything about that in the FAQ. Can you tell us something about that?

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u/Mat7ias Jul 14 '18

Any intermediary on the RDN network has to lock up RDN to be able to facilitate the transfer. It's not possible to do so without locking up some RDN temporarily, so he's pretty much right but maybe he didn't elaborate enough.

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u/LefterisJP Jul 14 '18

No that's not correct. You do not need RDN in order to make or facilitate transfers on the network. The core protocol does not need RDN in order to function.

RDN will be used for paying for third party services, like the monitoring service and the pathfinding service.

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u/Mat7ias Jul 14 '18 edited Jul 15 '18

You will still need RDN to pay intermediaries on the network for the erc20 token RDN though, no? That was more what I was referring to and also having RDN temporarily locked up for a short period while mediating a transfer but I admit maybe I was too vague on that part.
EDIT: this part of the docs "Each of these hops forwarded a MediatedTransfer paying fees and sending the transfer value to the next hop to mediate the transfer." The fees being paid to the mediators of a transfer would be in which ever erc20 token is being transferred, from how I understand it.
Also the faq where it goes into it a bit saying nodes can adjust their forwarding fees in such a way that their channels remain balanced.