Raiden Network (RDN) Testing Micropayments

The Raiden Network (RDN) is testing a micropayments solution called uRaiden on the Ethereum mainnet.

Importantly, uRaiden could process micropayments in Ethereum-based tokens. Therefore, Uraiden could theoretically process micropayments made with tokens based on the ERC20 protocol. In detail, they design ERC20 protocol tokens for quick conversion into other cryptocurrencies.

That is big news because most of the blockchain platforms and cryptocurrencies launched over the past two years use the ERC20 protocol. For example, Medium contributor AminCad estimated 91% of the total market cap on coinmarket.cap in January 2018 comprised ERC20 tokens.

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