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Developed by Brainbot Labs Est., the Raiden Network is an off-chain scaling solution, enabling quick and cheap payments. It is Ethereum's version of Bitcoin's Lightning Network.
It complements the Ethereum blockchain and works with any ERC-20 token. The Raiden Network Token (RDN) supports a host of use cases such as micropayments, M2M Markets, API Access, and Decentralized Exchanges.