Ethereum's Raiden Scaling Solution Just Passed Another Milestone

A test network has been deployed for the Raiden project, a proposed scaling solution for ethereum designed to allow faster payments and lower fees.

Revealed on the Raiden GitHub page yesterday, the testnet is a major milestone for the project, one that will lead to the next phase of development before the code is ready to launch on the live ethereum network.

As with bitcoin, scaling is becoming an issue for the number two cryptocurrency by market capitalization. As more users make more transactions, the amount of traffic has the potential to slow up the network. Compounding the issue is that many ICO tokens are being launched on top of ethereum, bringing in sudden floods of traffic as sales take place.