Hey everyone!

​

Welcome to Weekly Update 55. This week we’ll be focusing on the youtube and medium article produced by the Raiden team and going into some of the contributions throughout the week. As well as our usual coverage on the Github development. Let’s dig in!

​

Tech deep dive - Raiden protocol explained

A few weeks ago, the Raiden team published a youtube video explaining the underlying logic and basic scenarios of the Raiden protocol. In order to give an alternative to people who are more inclined to reading (over the video), they also decided to provide an explanation in the form of a Medium article.

The article covers the basics of payment channel networks, as well as the mechanics of mediated transfers, routing and handling of multiple pending transfers inside Raiden Network. To help the reader better understand all the topics, infographics with additional explanations were added alongside.

Everything covered in the article is already implemented and can be seen in action on the Ethereum mainnet by running the Red Eyes version of Raiden. The recently released video guide and official documentation should provide everything needed to get you started! If you run into any problems along the way, the Raiden developers always active in the official gitter chat will be happy to help you with any technical questions you might have.

​

Development progress

As the WETH token network continues to steadily grow on the Ethereum mainchain and the number of discovered bug bounty issues remains at zero, the development team continues to work forward to the next release on the path towards Ithaca.

Last week, significant progress towards fully integrating the first versions of auxiliary services in the Raiden protocol has been made. Several key features in the Raiden client and services repository were completed, as well as implementation of the new smart contracts.

Alongside implementing new features, the development team worked on minor refactoring and solving a bug which could occur in case of shutting down a node while it’s processing mediated a transfer.

The good news for everyone eager to test Raiden on Raspberry PI; the development team is working on automating the release process of ARM binaries and they should be available soon. Progress of this feature can be tracked here.

​

Conclusion

In conclusion to this update, we’ve seen some exciting progress throughout the week along with an interview centred around the current L2 challenges and benefits. Shortly, I’d also like to point out the contributions Yoichi as been making to the Raiden contracts (among others) which are really pushing progress forward along with everyone else on the team. As always I’d like to thank the community for the support of this update and everyone contribute. Leave a comment on anything included and I or /u/Mat7ias will do our best to get back to you.
Cheers!