Ravencoin RVN

$0.0264
Market Cap $ 59.937 MM (#84)
24h Volume $ 3.813 MM
Chg. 24h: 1.05%
Algo. score 3.9/5  (#59)
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Ravencoin project purpose and description

Ravencoin clarity of purpose

Ravencoin purpose and aspects

A new open-source project intended to see if a use case specific blockchain designed to be focused on the transfer of assets can develop technology which provides security or functional advantages for certain projects. Specifically working on things like RSK, which will allow Solidity to work on this chain, will be huge for Ravencoin in the future.

Ravencoin additional differentiation against competition

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Short description

Ravencoin is a digital peer to peer network for the facilitation of asset transfers. Ravencoin aims to implement a blockchain which is optimized specifically for the use case of transferring assets such as tokens from one holder to another. Based on the extensive development and testing of Bitcoin, Ravencoin is built on a fork of the Bitcoin code. Key changes include a faster block reward time and a change in the number, but not the weighed distribution schedule, of coins. Ravencoin is free and open source and will be issued and mined transparently with no pre-mine, developer allocation or any other similar set aside. Ravencoin is not designed to be cash. Ravencoin is intended to prioritize user control, privacy and censorship resistance and be jurisdiction agnostic, while allowing simple optional additional features for users based on need.

Abstract

Ravencoin is a blockchain and platform optimized for transferring assets, such as tokens, from one holder to another. Based on the extensive development and testing of the UTXO model of the Bitcoin protocol, Ravencoin is built on a fork of the Bitcoin code. Key changes include a block reward time of one minute, a change in the number of coins issued, but not the weighted distribution schedule and the addition of asset creation and messaging capabilities. Ravencoin is free and open source. All Ravencoin (RVN) are fairly issued and mined publicly and transparently using Proof of Work (POW) using the x16r algorithm which was created for Ravencoin. 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.

Link to Roadmap: https://bitcointalk.org/index.php?topic=2752467.0
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