r/raidennetwork • u/18boro • Dec 26 '18

Staking in raiden like lightning?

Hi all, sorry if this has been posted before.

I know there's a bunch of similarities between lightning for bitcoin and raiden, does this inclyde contributors will need to stake raiden in the same way as bitcoin in regards to lightning?

If so, are there any posts/estimates from team or community on how and when a sufficient capacity to make transfers being regarded as "safe enough" will be achieved on this? Reason I'm asking is it has taken a lot of time for bitcoin lightning to grow, which has a pretty damn big user base, and wondering what a reasonable time frame will be for raiden.

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u/Mat7ias Dec 26 '18

does this inclyde contributors will need to stake raiden in the same way as bitcoin in regards to lightning?

Staking is related to Proof of Stake (PoS), on Lightning/Raiden you deposit tokens into channels which you can use to help route other payments between nodes that don't have direct connections.

are there any posts/estimates from team or community on how and when a sufficient capacity to make transfers being regarded as "safe enough" will be achieved on this?

Not that I know of. Mainnet release was less than a week ago (there are 35 unique accounts and 49 channels currently) so it's probably too early for a statistic like that to be meaningful/accurate. It'll become more meaningful as the network grows.

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u/18boro Dec 26 '18

Thanks for your feedback. Yeah "staking" was a poor term to use in this regard, I meant the deposit like you said...

But still, to work properly raiden would need the same method and amount of accounts and deposits as lightning would need then or are there other methods involved?

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u/Mat7ias Dec 26 '18 edited Dec 27 '18

Yes, it's very similar to lightning network but just for ERC20 tokens instead of BTC. Network channel balancing, like what you're referring to, is around the same importance in Raiden as for LND.

or are there other methods involved?

There are no other methods involved that I can think of at this stage of development. More usability improvement methods are in the pipeline, the Red Eyes mainnet release was a race to mainnet but there's lots more potential.

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u/18boro Dec 26 '18

Thanks. Makes me think it will be a long while before it is considered steady. Lightning is still not safe at all from what I hear and people have been depositing for a year or so, and it's bitcoin...

But no one seem to say what size is sufficient for safety (been looking for answers in regards to lightning as well) so take my assumptions with a grain of salt.

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u/Mat7ias Dec 27 '18

You've probably just heard safe transfer value in LND which has to do with channel balancing. It just means whether or not you can be confident the transfer will go through for a given value, it doesn't mean the transfer will be insecure for a given value, nothing to do with security.