Payment in both µRaiden and Raiden Network are design for mainly off-chain processes. This means it runs outside the blockchain to speed things up and will use on-chain process when necessary. Utilizing the Digital signature and its Protocol that allows payment through routing the already existing channel between peers. The channels are usually open and close all the time so in order to keep the channel open for a lifetime, There’ll be a need to lock some tokens in as security in a smart contract to prevent the Double spending problem.
Each peer in the channel will keep the latest copy of the Certified checks and The Balance proof that is a final sum of all Raiden transfers up to a certain point which is digitally signed by the sender. Each time they’d rebalance, The balance proof will be sent back and forth to prove they’re right and gain access to the fund received.
Note: The Channels can be either a straight line : A <-> B or a loop : A <-> B <-> C <-> A
For questions and inquiries, please feel free to contact us.
Bitkub Exchange
Website: www.bitkub.com
Contact us: Bitkub Support
Telephone: +66 2-032-9555
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