Raiden is designed to solve the biggest problem with the existing Ethereum network. The current Ethereum network can only process around 10 payments a second; the Brainbot team hopes to build a network that can complete around 100,000 transfers a second.
The long-term goal at brainbot is to build a network that will become a “global scale payment infrastructure” similar to that operated by Visa (NYSE: V). If that goal was achieved the Raiden Network would be even bigger than Visa’s. The current VisaNet can handle 24,000 transactions a second, or 150 million transactions a day.Read more