Raiden Network - a beginning of new accumulation zone ?

By ircrp | ircrp | 23 Sep 2020

As of today the gas fees are mooning thanks to the popularity of ERC-20 based tokens, DeFi and Etherum itself. Although most are not yet repelled by the gas fees in this astonishing times, it is not certain that things won't change in the near future with an ever increasing user base being affected by the problem. For example in recent times we've seen an ever increasing number of exchanges such as Coinbase Pro suddenly dumping the gas fees on its customers.

With that being said it might be about time for Etherum community to step up with the research towards a brighter future in terms of transaction costs while everyone's eyes are on Etherum 2.0 which itself doesn't ship any significant changes to gas fees.

Raiden Network is an off blockchain scaling solution specifically ERC-20 compliant tokens, hence a scaling solution for Etherum. It is a research on a solution compared to be alike the Bitcoin's Lightning Network aiming at delivering scalability, ultimately achieving low fee and near instant transfers.

I am hoping to write a detailed article on the scaling solutions the research proposes for achieving the revolutionary off chain scaling, whilst limiting this article to what I believe is a new accumulation zone for a Raiden Network's token RDN. I do suggest you first of all do your thorough research and take into considerations that last accumulation zone lasted over 2 months.

The new accumulation zone is possibly getting formed in the downward zone of 1500 Satoshis upward to 1850 Satoshis with the expected breakout of this zone playing out in a couple week timeframe.

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