An article to understand the difference between Lightning Network and Raiden Network
The Lightning Network and the Raiden Network look very similar. They have basically the same technical genes and goals, but they perform their own life trajectories and serve different bosses. The Lightning Network is a well-deserved brother. The boss is Bitcoin, and Raiden The master of the network is Ethereum.
Both are to solve the problems of slow transfer speed and network congestion, and are an off-chain payment technology.The so-called "off-chain payment" refers to the operation of users transferring blockchain assets, which does not happen on the main chain, but takes place off-chain, which is called off-chain payment.lightning network
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For Bitcoin, which can only process 7 transactions per second, how to realize instant payment in small, high-frequency, and fast retail scenarios has become the biggest pain point of Bitcoin payment.
On January 14, 2016, the "White Paper" of the Lightning Network was published, proposing a second-layer off-chain scaling solution for Bitcoin.Its main principle is to put the transaction outside the Bitcoin main chain, so that users can transfer Bitcoin with lower costs and higher efficiency, and realize fast point-to-point micropayment transactions under the chain.
In January 2017, the first Lightning Network implementation, lnd, released its Alpha version.The beta version began to land in March 2018, and Bitfinex officially supported Lightning Network deposits and withdrawals starting December 4 this year. The transfer agreement between Lightning Networks is called Channel Channel.It's actually a smart contract, only use code to manage and run automatically.
To establish a channel between nodes, it is necessary to deposit Bitcoin or Ethereum into the channel.The transfers between nodes are all recorded in the contract, and the smart contract can record the final result on the Bitcoin main chain.
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Raiden Network
The Raiden Network is an off-chain scaling solution, a payment network built on top of the Ethereum network, which enables near-instant, low-fee, and scalable payments without the need for mutual trust between the two parties.
It complements the Ethereum blockchain and works with any ERC20 first level title
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1. Different chains based on
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2. The development process is different
Lightning Network, no matter from the number of nodes, the number of channels, or network capacity and other indicators, the Lightning Network has experienced several times of growth in the past year.
The data shows that as of September 28 this year, its online payment nodes have reached 27,222, and its payment channels have reached 73,621.At present, the operation of Lightning Network is still relatively complicated, requiring users to understand concepts such as nodes and channels.There are also certain risks in terms of security. The current scale of the Lightning Network is not too large.
Compared with the Lightning Network, the Raiden Network solves the problem of identifying and invalidating snapshots of old versions because the Ethereum smart contract has no special field restrictions on the message format. But the Raiden Network is still incomplete and is being built gradually, with more features being added along the way.
