Share this article
Ethereum Payment Channels Could Enter Production in 2017
A project aiming to bring payment channels to ethereum is expected to become production-ready by the end of this year.
By Stan Higgins
Updated Sep 11, 2021, 1:03 p.m. Published Feb 3, 2017, 3:20 p.m.
A project aiming to scale ethereum via off-blockchain payment channels could enter production this year.
Speaking at Construct 2017, CoinDesk's developer conference this week, Ameen Soleimani, a software engineer at ethereum startup ConsenSys, gave a presentation on Raiden's current status in which he described this as a 2017 goal.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
, an open-source developer effort being spearheaded by developer Heiko Hees, was first discussed as a way to bring micropayments to the platform in 2015.
Soleimani said work on the protocol implementation is "largely finished", adding that a minimum viable product is likely to be completed as soon as the end of the first quarter.
The news comes amid broader work on payment channels within the blockchain space, particularly in relation to bitcoin.
Raiden bears similarities to the Lightning Network, a payments channel concept for bitcoin that a number of developers are working on. (San Francisco-based startup Lightning Labs published its first implementation release of the concept earlier this month).
As previously reported by CoinDesk, proponents of the Raiden initiative see it as a way to encourage machine-to-machine payments, using the ethereum blockchain as a settlement layer.
Code image via Shutterstock
Більше для вас
Що варто знати:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Більше для вас
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
Що варто знати:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
