What are Lightning Network and Raiden Network?
Editor's Note: This article comes fromVernacular Blockchain (ID: hellobtc), Author: Guo Lifang, reproduced by Odaily with authorization.
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.
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.
lightning network
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.
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. Today we will talk about what Lightning Network and Raiden Network are, and how they differ.
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.It's actually a smart contract, only use code to manage and run automatically.
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.
It's actually a smart contract
Outside the main chain, the Lightning Network allows payment channels to be opened between nodes, and all payment channels remain active until any party voluntarily leaves the channel and closes it. In theory, it can support more than millions of transactions per second, and the transaction time is measured in milliseconds. The transaction fee is extremely low, enough to support small, high-frequency retail scene payments.
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 It complements the Ethereum blockchain and works with any
the difference between the two
1. Different chains based on
the difference between the two
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 Lightning Network is based on the Bitcoin network, while the Raiden Network runs on the Ethereum network. And the Lightning Network has no Token, it is the second layer of the Bitcoin network, and it is not a blockchain.
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.
