Topic: Raiden (vs. Plasma?) (Read 175 times)

I don't have a dog in this race but based on a quick DYOR of public sentiment and paper presentation, I'm taking Plasma over Raiden for Ethereum. However, that doesn't mean Raiden can be applied as another layer over Ethereum. Also, being a third-party dev, they can partner with other cryptos/businesses to implement their tech

Plasma = Child chains on the Ethereum blockchain (main chain), with their own validators. For example a company could create a plasma child chain on top of the main chain with the agreements (or rules) through a smart contract on the main chain. And Raiden network = A off-chain scaling solution by opening payment channels. These payment channels are linked to smart contracts between one vs one or many vs one.

I found it hard to believe that people decided to invest in Raiden, just imagine if Lighting Lab decided to do ICO for their scaling solution for Bitcoin or if SegWit team decided to do ICO for SegWit. It just an abuse of the whole ICO process  IMO, if one look at the two I think Plasma and Raiden are both looking to scale Ethereum but Plasma team seems like a stronger of the two

I have been reading some whitepaper that explained about Raiden and plasma and then both could be included as ethereum scalability solution just like segwit and then lightning network soon.
As far as I know, plasma will be working on the different layer but it was supporting to implemented Raiden network system in the ethereum blockchain, and I thought one helping each other.

This just like a chain solution.

First of all, Raiden Network is a network. It is not only a technology but also a cryptocurrency which was created to fund a project and used as an exchange medium in the network.

Though the aim of both is to scale Ethereum but Raiden is a third party solution. Where as plasma is from the Ethereum team itself. Raiden conducted an ICO to bring their solution which I didn't like but they have to do it because they are ofchain 3rd party solution and they want their profits also.

ETH is designed to strengthen the ETH chain. Plasma is better. The two will survive on the market.

There are many coins that are hoping to replace ETH by showing that they can operate on a higher scale but if ETH can beat them to the punch with sharding or plasma then no one is going to have a need to transition away from ETH and their competitors will die out. Raiden, EOS, NEO, Credits, to name a few.

The power behind the plasma is much bigger. Raiden is a very good team and project.

Let me give out my view on what is Raiden Network based on my study!

First let us come to Raiden Network, Ethereum has been in the scalability issue for the past few months. Crypto currency payments are becoming common in today's technologically advanced world. Visa is processing the transactions at the rate of 50,000 per second,but when compared to Eth it can hardly process only 15 transactions per second on an average. Once more people start using crypto for payments, these need to compete with other fiat transactions. To solve this Raiden Network was introduced. In simple terms it is just a additional technology to Eth network. What does Raiden to do with transactions?

First, it increases the transaction speed to a very higher rate by doing around 100,000,000 transactions per second. Second, it can process private transactions by preventing the transactions to occur on-chain and most importantly a very cheap transaction on eth network. For the working of raiden, it is similar to the lightning network. Hence kindly refer to the working of lightning network by reading it's whitepaper.

Raiden Network is not only a technology, it is also a Cryptocurrency. Raiden Network Token (RDN) is an ERC-20 token which was created to fund the project and also to be used as a exchange medium in the network. Many people accept its token which has a minimal supply of 100 mill and currently 50% is in circulation and they can be traded in popular exchanges like Binance. This token has really good potential to make good returns once Raiden becomes popular.

I still do not understand what rayden is. Anyway, thanks for posting so I can deepen and study

Hello everybody,

I was thinking about investing in Raiden Network (given the current sale situation). However, by reading several articles it became obvious that Raiden appears to be rather endangered.
Firstly because of the loss of reputation due to their ICO and secondly because of the existence of Vitalik's Plasma (which might become Ethereum's Goto solution for scaling - unfortunately I cannot remember the article)

Then on the other hand, there are articles which state that the two are not really direct competitors (source: https://medium.com/@cryptovision/raiden-plasma-and-generalized-state-channels-a84af44bed98 )
Making it hard for me to form a verdict.

Now I wanted to see how others evaluate the situation and whether or not they'd consider Raiden a good investment (pls don't just post because you want to gain activity points).

I appreciate every opinion, even more so if it is founded upon facts that are also expressed.

Have a good one & regards