Ravencoin
RVN Price
Ravencoin (RVN) offers decentralized asset transfer and token issuance on its blockchain. More
| Fully Diluted Valuation | $226.74M |
|---|---|
| 24H Trading Volume | $33.57M |
| 24H Low / High | $0.01 / $ 0.01 |
| Circulating Supply | 15.35 B |
| Total Supply | 15.35 B |
| Max Supply | 21.00 B |
| Categories | Proof of Work (PoW) 3 more |
|---|---|
| Founder | Bruce Fenton 2 more |
| Website | getravencoin.org |
| Socials | 5 more |
| Chains | Ravencoin Ecosystem |
| 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, Bitget, BybitOKXMEXC cryptocurrency exchanges.
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Ravencoin RVN. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Ravencoin (RVN) is ($15,354,423,740), max supply of Ravencoin RVN is ($21,000,000,000) and the market cap of Ravencoin RVN is ($226,734,899).
What is the Ravencoin (RVN) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Ravencoin (RVN) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Ravencoin (RVN) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Ravencoin RVN) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Ravencoin (RVN) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Ravencoin (RVN) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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