# Matrix News

How Does the Raiden Network Transportation Work?

October 30, 2018 by Aisshwarya Tiwari at Altcoins, Blockchain, Finance, News, Platform, Tech

Widely considered to be Ethereum’s answer to Bitcoin’s Lightning Network – the Raiden Network is an off-chain ERC20-compliant scaling solution for the transfer of tokens on the Ethereum blockchain. The solution offers benefits akin to the Lightning Network, including scalable, low-fee, instant, and privacy-focused payments. These benefits might ignite one’s...

Status Blockchain Startup Pumps $5 million in Matrix to Create a Super Messaging App

February 1, 2018 by Ogwu Osaemezu Emmanuel at Ethereum, News, Tech

Status has announced an enormous investment in New Vector, the founding father of Matrix.org, the open standard for secure and decentralized communication. Status, the peer-to-peer mobile client built on the Ethereum blockchain, has declared its investment of a whopping sum of $5 million in Matrix.org. Status co-founder, Jarrad Hope said:...