[ad_1]
The Raiden network is considered the Ethereum version of Bitcoin's Lightning network. This is an out-of-chain ERC20 claim downsizing solution that allows for the transfer of tokens to the Ethereum blockchain. Similar to Lightning Network, Raiden offers scalable, convenient, fast and privacy-focused transactions.
The alleged features of Raiden are likely to arouse curiosity about how Raiden Network works. The seamless transfer of tokens using blockchain technology on the Raiden network relies on the timely exchange of messages between the two ends of the transaction.
The messages exchanged between the participating nodes adhere to a specific protocol. Typically, a token transfer message contains information such as recipient details, the number of tokens transferred, the token network used, smart contracts, and the blockchain platform.
Every message sent on Raiden Network is signed to authenticate the balances on the blockchain below. Furthermore, if a message is to be transferred from node 1 to node 4, it must pass through the nodes in the middle (node 2 and node 3). This is done to ensure that all transactions on the blockchain network are authenticated correctly. Basically, the communication protocol for Raiden Network focuses on scalability, speed, accessibility and decentralization.
Passive protocols
From now on, users of the Raiden network must compromise between privacy and scalability. This is because the network implements a passive protocol.
Passive protocols guarantee privacy by sending encrypted messages to all nodes without revealing the identity of the recipient. After all the nodes have received the message, they try to decode it using their private keys. As expected, only the intended recipient can decrypt the message. Essentially, passive protocols give priority to privacy and anonymity at the expense of scalability, since the sending of messages to the entire network creates latency.
As a result of the challenges mentioned above, Raiden Network has migrated to the Matrix protocol after the release of their latest Testnet called v0.4.0 Icalo.
The Matrix protocol
The Matrix protocol website describes it as an open standard for interoperable, decentralized and real-time Internet protocol communication. The solution can be used to support instant messaging platforms, VoIP reporting and WebRTC, Internet of Things communication or any application that requires a standard HTTP API for publishing data while monitoring the conversation history.
The reasons why the Raiden Network has abandoned the passive protocols in favor of the Matrix protocol include:
Better reliability
Transport security in the Matrix protocol is much better than passive protocols. Problems such as loss of messages during transmission and retransmission are less frequent in the Matrix.
No problem of crossing NAT
In Matrix, communication is always initiated from the client side to the server. This eliminates the possibility of encountering NAT crossing problems.
Decentralized model
The Matrix protocol supports a decentralized configuration of the node network.
Register of messages
The message log feature allows users to send offline messages. However, this functionality has yet to be implemented by Raiden Network.
In addition, Matrix offers integrated end-to-end encryption functionality. The fact that this is an open source standard allows the community to participate in its improvement.
Matrix protocol security
Transaction security is a major concern for investors in the cryptocurrency market. The Matrix protocol reduces the vulnerability of transactions by using the transport layer security protection mechanism for all communications between the Raiden nodes and the Matrix servers.
Furthermore, all the Matrix chat rooms are private. This means that only invited users can view the content published in those rooms. This security feature applies to all users because server operators also require an invitation to access content in chat rooms. The Olm protocol encrypts message data to prevent malicious people from accessing users' messages.
As mentioned above, the Raiden Network compromises some aspects in the choice of transport protocol. In this regard, the community stated that it would remain with the Matrix protocol until it developed a viable alternative that overcomes the problems of scaling without neglecting privacy.
[ad_2]
Source link
