Ravencoin (RVN) offers decentralized asset transfer and token issuance on its blockchain. More
| Fully Diluted Valuation | $196.09M |
|---|---|
| 24H Trading Volume | $17.63M |
| 24H Low / High | $0.01 / $ 0.01 |
| Circulating Supply | 15.65B |
| Total Supply | 15.65B |
| Max Supply | 21.00B |
| Categories | Proof of Work (PoW) 3 more |
|---|---|
| Founder | Bruce Fenton 2 more |
| Website | getravencoin.org |
| Socials | 5 more |
| Explorer | Energi 2 more |
| Name | Pair | OG Score |
|---|
Introduction to Ravencoin (RVN)
Ravencoin is a digital peer-to-peer (P2P) network that aims to implement a use-case-specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another. Launched on January 3, 2018, Ravencoin was created with a fair launch: no premine, ICO, or masternodes. It was named in reference to the TV show Game of Thrones.
Founders of Ravencoin
The project was founded by Bruce Fenton, Tron Black, and Joel Weight, all of whom have extensive experience in business and software development. Fenton, a former executive director of the Bitcoin Foundation, has a background in investment banking. Black, a principal software developer with over 30 years of experience, has worked on several crypto ventures. Weight, currently the CTO at Overstock.com, has been involved in various roles within Medici Ventures and is a veteran software developer.
Key Features of Ravencoin
Ravencoin features several key changes from the Bitcoin code, including a modified issuance schedule with a block reward of 5,000 RVN, a block time reduced to one minute, a coin supply capped at 21 billion, and a mining algorithm (KAWPOW, formerly X16R and X16RV2) intended to mitigate the centralization of mining caused by ASIC hardware.
Unique Asset Transfer System
The network allows anyone to issue tokens that represent a variety of assets, including real-world custodial objects, virtual goods, shares of projects, airline miles, and more. RVN coins are used as the internal currency within the network and must be burnt to issue token assets on the Ravenchain. The protocol also supports integrated messaging and voting systems in its planned future versions.
Decentralized Mining Algorithm
Ravencoin's mining algorithm, X16R, is designed to be more decentralized than Bitcoin's, as it is not compatible with ASIC hardware. This allows for more accessible mining using GPUs, making the mining process more democratic and secure against 51% attacks.
Overall, Ravencoin offers a versatile platform for issuing tokens representing various assets and aims to provide a secure, efficient, and decentralized way to transfer assets on the blockchain.
Ravencoin is unique for its focus on facilitating the transfer of assets on its blockchain, offering a decentralized and efficient platform for issuing tokens that represent various real-world and virtual assets.
Ravencoin was founded by Bruce Fenton, Tron Black, and Joel Weight, who bring extensive experience in business and software development to the project.
Ravencoin's development has been supported by contributions from hundreds of Bitcoin developers, with no premine, ICO, or masternodes. The project's focus is on maintaining decentralization and user control.
Ravencoin uses the KAWPOW consensus algorithm, formerly known as X16R, which allows for more decentralized mining using GPU hardware instead of ASICs, contributing to improved network security.
You can buy Ravencoin (RVN) on Binance, Gate.io, MEXCBitgetBybit cryptocurrency exchanges.
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