Ethereum price (ETH/USD): Raiden takes ‘the first step towards going to the mainnet’

The project releases final testnet, aims for summer launch for the mainnet

Ethereum price (ETH/USD): Raiden takes ‘the first step towards going to the mainnet’

The final test network for Ethereum’s payments channel project Raiden has been launched, industry website Coindesk has reported.

The latest release, which was announced yesterday at the Dappcon developer conference in Berlin, marks “the first step towards going to the mainnet”, according to core developer of the project Lefteris Karapetsas. Unlike the previous testnet release, which took place in September, this one is an early implementation of the mainnet release and features newly rewritten smart contract code and payment channels that are recoverable in the case of an accidental closure, Coindesk notes.

Karapetsas also revealed that a bounty programme would be introduced to reward developers for finding potential bugs on the testnet.

“We really want people to really test this so we have a user interface, we have an API and we've created an open Github for everything they could find, so if we go hopefully bug-free on the mainnet," Karapetsas said, as quoted by Coindesk.

While, the Raiden team hasn’t confirmed the release date for the mainnet yet, Karapetsas indicated that the team was still aiming for a summer launch. He added that, in terms of features, “the plan is to just launch with the same features that have on the testnet right now”.

The developer also shed more light on the team’s plans for the future, saying that their long-term goal was for people to be able to use Raiden “from a mobile device and be able to make off-chain token transfers just from their phone”. To achieve this, Raiden would probably work in tandem with other scaling solutions, such as sharding and plasma, he added.

In today’s trading, the Ethereum price stood at $466.88, as of 05:07 BST. The digital coin has lost 2.1% of its value in the past 24 hours, according to data from digital currency tracker Coinmarketcap.

For further information on how to buy and trade Ethereum, see our comprehensive Ethereum guide.

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