Hey everyone!

Welcome to Weekly Update 101. This week we’ll be focusing on community-related development surrounding Raiden Network, namely Exchange Union’s progress. We’ll also go into our coverage of Raiden Github progress. Let’s dive in!

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Raiden community

Exchange Union is an open-source project connecting digital asset exchanges. Their team is currently developing XUD, which implements the OpenDEX protocol. In order to achieve decentralized, trustless and near-instant transactions, it is built on top of the Raiden and Lightning networks. A few months ago, Exchange Union showcased the first-ever off-chain BTC/DAI atomic swap in this short video while last week they introduced beta to their first production-ready release (v1.0.0-beta).

More information about the release can be found in the corresponding blog post made by their development team. If you are interested in helping the project in testing and being part of the exciting new technology, you can join the XUD community on Discord.

Development progress

During the last week, the Raiden development team continued working on open issues inside the Alderaan milestone goal. The highest priority issues are related to slow synchronization between Raiden client and Matrix (transport layer). Currently, synchronization sometimes takes more than 20 seconds, therefore the developers are working on achieving a stable, sub-20-second, synchronization by introducing a number of optimizations to the Raiden client.

In parallel to working on the Raiden client, the development team also worked on the Raiden services and light client.

A new version of the Raiden services (v0.6.0) was released after making a series of small but significant changes. Changes include: specific error messages for common errors, faster and more reliable path validation inside the PFS, more secure database usage which should prevent data inconsistency and the option to monitor CPU resources with Flame Graphs.

Developers working on the light client mostly focused on minor feature improvements and some bug fixing.

Conclusion

To finish up this Weekly Update, an exciting milestone for the Exchange Union team who’ve been working on utilizing Raiden and Lightning to create XUD. For anyone particularly interested, you can also find a complete xud environment using docker, here along with a user-guide. That’s everything for this Weekly Update, if you feel there’s anything you’d like to learn more about regarding the topics covered, Raiden Network or just layer 2 overall then don’t hesitate to ask and we’ll get back to you the best we can. See you again next week.

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Cheers!