Raven coin
Name
Raven coin
Summary
Ravencoin is a fork of Bitcoin that focuses on the ability to issue new assets.
It is a peer-to-peer blockchain, handling the efficient creation and transfer of assets from one party to another.
Ravencoin coin started out its journey in 2018.
Rating
Symbol
RVN
Overview
RVN coins are designed as internal currency within the network and must be burnt in order to issue token assets on the Ravenchain. The assets can represent anything: real world custodial objects like gold or physical euros, virtual goods and objects, a share of a project like stocks and securities, airline miles or an hour of someone’s wage, etc.
Ravencoin wasn’t created as part of an initial coin offering and without a pre-mine. There is no private, public, founder, or developer allocation set aside. Ravencoin is intended to prioritize security, user control, privacy, and censorship resistance. It is open to use and development in any jurisdiction, while allowing simple additional features for users based on need.
Historical Price Movement (in INR)
Technology
Ravencoin is a hard fork of the Bitcoin blockchain and uses a similar UTXO model. It has one of the better fork price predictions compared to assets like Bitcoin Cash, Bitcoin SV, and others. It differs in the total maximum Ravencoin supply of 21 billion versus 21 million BTC, a faster block generation time just one-tenth of Bitcoin’s, and uses a different mining algorithm to prevent ASIC mining.
The Ravencoin protocol utilizes the BIP9 consensus rules for governance in situations where forks may occur or upgrades are needed.
As a fork of the Bitcoin code, Ravencoin features four key changes: modified issuance schedule (with block reward of 5,000 RVN), block time reduced to one minute, coin supply capped at 21 billion (a thousand times more than BTC) and a mining algorithm (KAWPOW, formerly X16R and X16RV2 respectively) intended to mitigate the centralization of mining caused by ASIC hardware.
Use of Native tokens in the ecosystem:
RVN coins are internal currency within the network and must be burnt in order to issue token assets on the Ravenchain.
Mined
49%
Yet to be mined
51%
Volume ( as of 2nd May 2022)
$28,899,000
Total Supply
21,000,000,000 RVN
Circulating Supply
10,473,290,000 RVN
Crowd Sales
NA
Funding
NA
Country
United States
Name of Organisation
Ravencoin Foundation
Year Incorporated
2020
Registered Address
799 W. Coliseum Way, Midvale, 84047, Utah, USA
Dispute Resolution and Governing Law
United States
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Tron Black | President | University of PhoenixMaster of Business Administration MBA | 34 yrs |
| Joshua Yang | Co Founder | - | 5 yrs |
