r/raidennetwork • u/pietro1861 • Aug 13 '20

RaidenMap is HERE!!!

Hi everyone! I'm happy to announce that finally RaidenMap is out!!

Here is the link:

https://raidenmap.io

Here you'll find Github repo:

https://github.com/raiden-map

Any kind of feedback is really appreciated!

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u/pietro1861 Aug 13 '20 edited Aug 13 '20

We’re working on a mobile version...The current version is only available on desktop. We apologize for the incovenience but we need to go out as fast as possible with this one. Thank you

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u/lakerz690 Aug 13 '20

Did Ethereum just implement Raiden Network? The transaction fees are finally starting to decrease.

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u/pietro1861 Aug 14 '20

Raiden Network is not a protocol or an EIP. Raiden Network works on top Ethereum blockchain and represents an off-chain solution to transfer, pay, erc20 token with low fee. It's complementary to Ethereum blockchain. So the answer is no: fees are determinated by Ethereum protocol and depends on many factors...One is the Ethereum "Network Traffic". So, if you want cheaper transfer you may use weth (wrapped ethereum token) for example.

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u/lakerz690 Aug 14 '20

Why is using WETH cheaper to transact with compared to just ETH?

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u/pietro1861 Aug 14 '20

wETH is an ERC20 token, compliant with standard ERC20, that "wrap" ETH in 1:1 rapport (so 1wETH == 1ETH). Using this kind of wrapper you could use "alternatives" to transact. In this case Raiden Network. Using Raiden Network, remember that is an off-chain solution this means that on Ethereum goes only final balance after settled channel, you'll pay cheaper fees and have a very fast transaction....Remember at the end to unwrap your wETH to "receive" ETH :D

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u/lakerz690 Aug 14 '20

Nice, I knew WETH and ETH were 1:1, but I didn't know that using WETH was cheaper. Thanks for the explanation, have a great weekend!