Previously I had posted about Trinity Network Credit (TNC) a protocol for NEO to allow faster transfers.
Today I came across a protocol for Ethereum - Raiden Network Token (RNT). The protocol is meant to complement Ethereum, not compete against it, allowing for Ethereum compatible tokens (ERC-20) to be utilized.
The key features that encompass the Raiden Network to expedite transactions with low fees are as follows:
1. Expedited transfer confirmations (<1 second ). Current transfers on the Ethereum blockchain can take a few seconds
to minutes.
2. Private transfers that are not viewable on the global ledger.
3. Solve scalability issues so that Ethereum can create mass adoption, allowing Ethereum to become the peer-to-peer,
global payments infrastructure with electronic cash that it was initially designed for.
4. Low fee transactions
5. Micropayment capability
6. Works in union with any ERC-20 token. Tokens on this list include EOS (EOS), Tron (TRX), Icon (ICX), Binance Coin
(BNB), and more.
It's exciting news to see protocols that promote faster transfers, something that could lead to mass adoption in the crypto market.