Wednesday, April 22, 2020
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Ravencoin is a cryptocurrency Coin. Can be bought at exchanges and from other people, it can also be obtained by mining (X16Rv2) The current price is $0.018.
Ravencoin is a peer-to-peer blockchain, handling the efficient creation and transfer of assets from one party to another.
Ravencoin is a protocol based on a fork of the Bitcoin code which adds features specifically focused on allowing tokens to be issued on the Ravencoin blockchain. These tokens can have whatever properties the issue of the token decides - so they can be limited in quantity, named and be issued as securities or as collectibles.
The X16R algorithm intends to solve the centralization of mining seen on the Bitcoin blockchain caused by the introduction of expensive and highly efficient Application Specific Integrated Circuit (ASIC) hardware. By randomizing the order of 16 different hashing algorithms, Raven makes ASICs difficult to develop, allowing room for anyone to be able to mine the Raven network without the disadvantage of competing with ASIC hardware. The Raven team has also committed to change the hashing algorithms if a Raven ASIC miner is ever developed.
ASIC resistant – Uses an X16R hashing algorithm to discourage the development of ASIC hardware
Fair launch - Everyone has equal opportunity to mine or purchase RVN since day one.
No pre-mine, no ICO, and no coins held for developer or founders rewards.
Community Driven, and True Open Source