ATN Cooperation with Raiden to Implement MicroRaiden Framework

ATN released an updated roadmap this week, making steady progress in its project development and forecasting important milestones for Q3 and Q4 of this year. An important element of its AI marketplace ecosystem will be rapid payments on a pay-per-use basis, and ATN has announced today that it will be cooperating with Raiden Network to implement the µRaiden ("Micro Raiden") payment channel framework for its payment channels.

Raiden's µRaiden payment channel framework was launched in late-2017, and it provides unidirectional off-chain payment channels for instant microtransactions on the Ethereum network. The µRaiden framework does not have the bidirectional and multihop capabilities of Raiden itself, but is feasible and efficient for payment to set recipients, while also significantly lowering machine-to-machine transaction costs.

By modifying and implementing µRaiden's payment framework onto its own native network, ATN will be able to take advantage of µRaiden's instant transactions for unidirectional and unlimited payment to predetermined recipients, such as AI service providers on the ATN network. This allows AI service consumers to connect to service provider APIs, open payment channels, and make instant micropayments on a pay-per-use basis without any fees. The only fees required will be the gas used for opening and closing the payment channels, which will also be paid in the ATN native token.
This cooperation would be mutually beneficial, with ATN to provide another functional use case of µRaiden and to potentially build upon and improve the technology. Scaling solutions are important next steps to take for legitimizing the widespread real life adoption of blockchain technology, and both ATN and Raiden aim to be at the forefront of this movement.