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What is Raiden Network?

The Raiden Network acts as an off-chain solution that enables near-instantaneous, cost-effective, and scalable transactions. Its design aligns seamlessly with the Ethereum blockchain and is compatible with any token that follows the ERC20 standard. As a project in progress, it is primarily focused on investigating state channel technology, developing protocols, and creating reference implementations. This network serves as an additional infrastructure layer atop Ethereum, and while the fundamental idea is clear, the complexities of the underlying protocol and its execution are significantly intricate. Nevertheless, developers can navigate these technical challenges and use a user-friendly API to build scalable decentralized applications that take advantage of the Raiden Network. The main aim of this network is to overcome the consensus bottleneck that frequently plagues blockchains. By establishing a network of payment channels, it facilitates secure off-chain value transfers, which greatly reduces the necessity of engaging the blockchain for each individual transaction. As the Raiden Network progresses, it is dedicated to improving the overall performance and efficiency of decentralized finance applications, ensuring that they can handle a larger volume of users and transactions smoothly.

What is Hyperledger Besu?

Hyperledger Besu is an Ethereum client designed specifically for enterprise-level applications that operate within both public and private permissioned networks. It can function on several test networks, including Rinkeby, Ropsten, and Görli, which facilitates extensive testing and development. This client offers support for a variety of consensus mechanisms, such as Proof of Work (PoW) and Proof of Authority (PoA), incorporating options like IBFT, IBFT 2.0, Ethash, and Clique to meet different operational needs. Its strong permissioning frameworks are tailored for consortium environments, ensuring secure and controlled access. Moreover, Hyperledger Besu aligns with the Enterprise Ethereum Alliance (EEA) specifications, which are designed to create consistent interfaces across a range of Ethereum projects, whether they are open-source or proprietary. This alignment is pivotal in preventing vendor lock-in and promoting standardized interfaces for efficient application development. By integrating its enterprise features with EEA client standards, Hyperledger Besu plays a significant role in bolstering the Ethereum ecosystem. In addition, the implementation of varied consensus algorithms is essential for functions like transaction and block validation as well as the creation of new blocks, thereby significantly enhancing its reliability and performance, which is crucial for enterprise adoption. As a result, users can benefit from a well-rounded platform that addresses both scalability and security in their blockchain initiatives.

Media

Media

Integrations Supported

Ethereum
Alchemy Pay
GitHub

Integrations Supported

Ethereum
Bloq
Chainlens
Consensys Quorum
GraphQL
Hitachi Data Protection as a Service
Kaleido
KrypCore
NTT Cloud Communications
Oracle Cloud Infrastructure
Precisely Contracts
Quant
RocksDB
SAP Cloud Platform
SettleMint
SoluLab
Splunk Cloud Platform
Thales Sentinel

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS
Linux

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub
Webinars

Company Facts

Organization Name

Raiden Network

Date Founded

2017

Company Website

raiden.network/

Company Facts

Organization Name

Hyperledger

Date Founded

2015

Company Location

United States

Company Website

www.hyperledger.org/use/besu

Categories and Features

Blockchain

Not specified

Layer 2 Protocols

Not specified

Smart Contract

Not specified

Categories and Features

Blockchain

Not specified

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