A quick look on what the current state of the Raiden Network is. Followed by a deep dive into the Raiden protocol explaining how the the network is supposed to work and how it achieves fast, cheap and scaleable transfers for Ethereum. Moreover we will get a look at how the protocol is implemented by taking a look at the architecture of the Raiden client and how it achieves reliability, persistence and other characteristics that are required for real life usage of payment channels. Finally we are going to see at what's coming in the future to truly get to a production ready payment channel network for Ethereum.