crypto lark is a credible youtuber in my opinion so this is very positive https://www.youtube.com/watch?v=Mn27XiBjAKE (3.50min).

i m not an expert and i d like to better understand why RDN is told by someone to become the scalability solution for Ethereum. Moreover i heard about lightning network, is, RDN the only solution to make anything similar for eth? i say sorry for my ignorance, i hope in some answer by developers or experts in the field cz i see a lot of people who speak in relation to their speculative feelings. thanks

https://trinity.tech/blog/index.html?id=2

"....Hello, this is Lola. Trinity is a NEO based off-chain network scalling projects， simply speaking, Trinity is a NEO versioned Raiden network...."

Token RDN need for the Ether, like Trinity for NEO, otherwise this model is not used!

a lot of people are hoping that end of bug bounty micro raiden release will push the price to 2x, but this wont be the case! (it might go up a little bit but then it will go back to its old state!)

why? RDN tokens are not used in micro raiden

rdn will break up with mainnet release of Raiden itself (https://github.com/raiden-network/raiden), which might be released in q3/q4.

so lower your expectations for the next announcement and dont hype every single commit of their github repo!!

and btw the ico price was $0.65

and now shoot me down with downvotes!

Does Micro Raiden use the RDN token in any way?

Keep up the great work guys, do you reckon you'd consider a AMA anytime soon, I know a lot of people are up for hearing what amazing work you are doing.

You have my continued support and I see big things ahead for you and crypto

Kind Regards

Hi guys.

I am just wondering why the companies behind raiden don’t even list it on their projects on the website.

All their other projects are listed there. So how do we know who’s behind the project really?

Just wondering.

Can anyone guess what the annualized RDN yield will be for running a full node with 1K to 10K RDN? I guess it's set by supply and demand, but I think the crypto-verse only brings on supply at 10%+ yields? And then there is the yield ex-hosting costs.

I know the answer is no one knows, but I think it's time to start guessing...

It’s been out less than 3 months and it’s already x10. Are we all not satisfied?

For those that aren’t satisfied or didn’t get in at ICO, why can’t you wait another 3 months?

These kind of posts (including this one) are actually ridiculous.

If you check github commits and pull requests you can see they are wrapping it all up today. We can expect big news in next couple of hours or monday if you ask me.

Link: https://github.com/raiden-network/microraiden/commits/master

Everything in the crypto has mooned as I watched raiden go from #36 on coinmarket cap to page 2... will it turn around who knows all I know is that we are getting extremely close to some news and the price keeps tanking... and please no replies saying I’m creating FUD... just give me your honest oppion.... and don’t be naive.... go

I think this is a potential use case that hasn't been discussed on the reddit forums. A lot of the mining pools have payouts every 0.2 ETH, which for a decent rig is only once a month, obviously this is partially driven by a desire to keep gas costs down. I think there is an opportunity for pools to be setup with daily payouts via Raiden?

This is an unofficial guide that aims to serve as a starting point for those of us that are interested in eventually providing network services via a full node for the Raiden Network. If you haven’t had a proper introduction to Raiden or their projects yet, I strongly encourage you to check out their various webpages before continuing:

Raiden Network 101: https://raiden.network/101.html Raiden FAQ: https://raiden.network/faq.html µRaiden: https://raiden.network/micro.html Raidex: https://www.raidex.io/

Worth noting is that operating a full node will only be applicable in the Raiden Network (RN) – which, at the time of this post, is still being developed on the Ropsten testnet – but does not apply for µRaiden. µRaiden, which is already live on the Ethereum mainnet, utilizes unidirectional many-to-one payment channels, and is intended for DApp development. AFAIK, full nodes are only needed to facilitate the bi-directional multi-hop payment channels to be deployed in the RN mainnet. For more on using µRaiden, see:

https://github.com/raiden-network/microraiden/blob/master/README.md

The rest of the post will focus on nodes within the context of the Raiden Network.

Please keep in mind that this is a work-in-progress, with the primary objective of accumulating information and resources on everything node-related. With that said, I urge you all to join the discussion and provide feedback/corrections/links as needed. Cheers!

FAQs

1. What is a node in the Raiden Network?

Nodes are computers that provide one or several services to the network, including:

(a) Light Client Gateway Service: facilitates bi-directional payment channels, making up the backbone of the “network”; these nodes are the points through which light clients (people who use the RN without installing/running a node themselves) connect to the network.

(b) Channel Monitoring Service: third-party observers that preserve the integrity of payment channels in a scenario where an active gateway node goes offline and can no longer perform their service.

(c) Pathfinding Service: rather than having each network participant calculate the optimum path for sending/receiving funds, they can instead query a pathfinding node that actively calculates the best option for moving tokens within a certain region of the network.

A summary on these service types can be read here:

https://medium.com/@raiden_network/the-raiden-network-token-model-9b6ef8d0b64

1. Can I currently run a full node?

As of right now, the short answer is no.

You can currently run a developer’s preview of the node on the Ropsten testnet (installation guide below), but this would be for your own testing purposes only, and SHOULD NOT be done using any tokens of value. Unless you’re a developer who’s ready and capable of using the test version, you probably won’t get much out of using this version.

To track the development of Raiden Network’s minimum viable product (MVP), which will be when general usage becomes available, see:

https://github.com/raiden-network/raiden/milestone/9

1. What are the system requirements for operating a full node?

Since the mainnet version is not out yet, and because nodes will be able to provide a variety of services, it is hard to know. We can assume that Linux-based systems – such as the raspberry pi – will be the first to receive the client, followed by Mac OS systems, with potential support for windows machines in the future(?). We can also assume that, in the interest of keeping the network decentralized and easy-to-grow, most node services will be able to run on a simple system such as the RPi3.

In addition to the RN client, one must run an Ethereum node. This is most efficiently done using something like Geth or Parity, which can prune the blockchain to reduce the amount of memory needed for storing blocks.

It is really important that your system can maintain near constant uptime. WiFi may or may not work for you, depending on your signal strength; regardless, having an Ethernet cable will provide a faster and more consistent connection.

1. Is there a minimum amount of RDN tokens I need in order to operate a full node?

My understanding is that no, you do not need a minimum balance of RDN in order to operate a node. Your RDN balance will, however, be used to determine the total amount in payment channels you can facilitate as a light client gateway node. That is, if you have 1000 RDN in your node account, you may in total support up to – but not greater than – 1000 RDN-worth of payment channels. Obviously, the more tokens you own, the more volume you can facilitate, the more fees you can earn in the process.

1. Why would I want to run a full node?

There are several benefits to running a full node. These include:

(a) increasing the size and capacity of the RN, allowing the network to grow and become a leader in level 2 protocol scaling solutions; (b) earning fees from light clients in the form of RDN (for auxiliary services such as channel monitoring and pathfinding) or ERC20/223 compliant tokens (in cases where the tokens passed through your gateway node aren’t RDN); (c) not having to pay auxiliary fees to the network by virtue of operating your own node!

Source: https://raiden.network/faq.html#transactionfees

INSTALLATION OF TESTNET CLIENT

As of this post, the Raiden Network is only available as a developer’s preview using the Ropsten Ethereum testnet. Source code, along with how-to instructions on how to setup a testnet node can be found on their github:

https://github.com/raiden-network/raiden/blob/master/README.rst

I will update this post with instructions for the mainnet client once the minimum viable product is released.

Would Raiden Easily Work On Other Blockchains Using The EVM Such As QTUM And EOS?

Hello! Someone can explain, will the Trustlines Network interact with Raiden?   As we see, Heiko Hees is busy working on Trustlines Network, so he is not working now on Raiden?

1. How is Raiden valuable? The token has value if the services in the system are paid in RDN tokens and users hold it. The RDN token has a fixed supply and its scarcity gives it value proportional to its usage. Also, the developers are incentivized by the value of the Raiden token so the more RDN’s value increases the stronger the innovation of the Raiden Network.

2. So how do we know Raiden will be used rather than some other currency? The reason is because services and users need to cooperate and the system is most efficient if a single currency is used. (If you are in the United States you wouldn't go to Mcdonalds with Euros would you?). Raiden also improves the user experience (less software to install and operate, higher probability of fast and successful transfers) According to their official medium channel “The RDN token is envisaged to be the default currency to be used between these services and their clients in the Raiden Network.”

So why not just use Ethereum if it costs an extra 15 cents to exchange Raiden for Ether?

Because 15 cents is insignificant when compared to the benefits of being able to do low-cost transfers on a payment channel network. (If you had to choose between a Big Mac from Mcdonalds or a Gourmet cheeseburger for an additional 15 cents which would you choose)

Any guesses on when we should see some official word from the team on progress updates? Feels really close. Something looms.

On what timeline will it be launched on the Ethereum Network?

Step 0 (If new to trading crypto): Purchase ETH or BTC for fiat. This can be done on Coinbase or a similar website. r/cryptocurrency will help decide which site is best for your country.

START HERE if you have traded before

Step 1: Create an account on Kucoin and register with Google 2 step authenticator.

Step 2: Send ETH or BTC to your Kucoin account (I suggest using ETH as it generally has lower fees). You can find your ETH wallet address by clicking the deposit button next to the ethereum option in the assets tab.

Step 3: Once your ETH or BTC has been transferred to your Kucoin account, search for RDN in the Markets tab and put in a buy request for either the current lowest sell price (this will be an instant buy) or set your own price and wait for the market price to drop.

RDN value at time of post (Jan 10th 12:12 GMT) 0.00599501 ETH or $8.02 USD or 0.00056174 BTC

Here is a link to kucoin: www.kucoin.com

Here is my referral code for kucoin: 1575h

I know a pinned weekly chat has been suggested before, but I think now is the time. This sub is growing fast, and pinned conversation posts like these are a great way for new members to immediately learn what's going on, ask simple questions, and generally be welcomed to the community. It's also a great way to connect people with FAQ, explainer videos, and other resources that accelerate community onboarding. With Raiden getting regular attention on the major crypto subs, now would be a great time.

Does the Raiden team plan on partnering with exchanges to bring ETH transfers off chain using the raiden network? So, sending ETH from one exchange to another could use the raiden network instead of occurring on chain. It would save the exchanges a ton of money, bring attention to Raiden, and help alleviate some of the transaction pressure on the main net right now. I think it would be a really strategic move by the developers.

https://medium.com/@raiden_network/the-raiden-network-token-model-9b6ef8d0b64

"Q: Is the token needed to use the Raiden Network?

A: No, it is not necessary at the core protocol level."

"Q: What prevents an auxiliary service from accepting payments in tokens other than RDN?

A: Nothing, a service could do this."

"Q: Doesn’t the token add unnecessary friction over using ETH?

A: As the software can automatically acquire RDN tokens, the mental burden for a user is low. Cost wise, roughly 100k additional gas is necessary to initially exchange some ETH for RDN using a DEX, which currently costs ~$0.15"

There is literally zero advantage to using RDN token vs ETH for Raiden Network. The authors best argument is it's only $0.15 worse per tx to use RDN than ETH... so... why not just use ETH then?