Mechanism for micropayments similar with Bitcoin goes live on Ethereum network
Microraiden, a streamlined version of Raiden payments channel network, has been launched on the main Ethereum blockchain.
With Microraiden, the development team aimed to build tools for decentralized application (dapp) developers to open up payment channels, eschewing some of the more complex features intended for the full Raiden launch.
The idea behind the project is to provide a mechanism for micropayments similar to Bitcoin’s Lightning network. Raiden is envisioned as a way to scale the Ethereum network by building a second layer that would exist above the blockchain. Using the second layer, participants could create payment channels that allow them to transact at a lower cost, whether they are sending Ethers or ERC-20 compatible tokens.
Source: thepaypers.com
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
