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About Ravencoin

Ravencoin is an open-source blockchain project that focuses on enabling asset issuance and transfer on the blockchain. Launched in 2018, Ravencoin allows users to create and transfer custom digital assets on a secure, decentralized network. The project aims to provide an alternative platform for creating blockchain assets without centralized third parties.

Origins and History of Ravencoin

Ravencoin was launched in January 2018 by Bruce Fenton, a prominent figure in the cryptocurrency space. It is a code fork of Bitcoin, utilizing Bitcoin’s UTXO model and Proof-of-Work mining algorithm.

The project was inspired by the limitations of Bitcoin in transferring assets besides the native cryptocurrency. Ravencoin aimed to create a platform optimized for creating and transferring any asset on the blockchain.

The network went live on January 3, 2018, with a fair launch – no premining or founder allocations. Ravencoin has seen steady adoption and development since launch. In May 2018, over 500 assets were created on the platform.

Technology and Features of Ravencoin

Ravencoin utilizes a Proof-of-Work algorithm known as X16R for mining. This algorithm is ASIC resistant, aiming to promote decentralized mining. The project has a 1-minute block time and a capped supply of 21 billion RVN.

A key feature of Ravencoin is the ability to create custom digital assets on the blockchain. Users can create security tokens, collectibles, and other tokenized assets. These can be transferred seamlessly like the native RVN token.

Ravencoin also features messaging capabilities and voting through the blockchain. The platform is focused on providing unique blockchain asset creation and transfer functions.

Mining Ravencoin

Mining enables the Ravencoin network’s underlying functionality by validating transactions. Ravencoin uses a Proof-of-Work mining algorithm known as X16R.

This algorithm involves sequencing through 16 different hash functions. The frequent changes prevent ASICs from gaining a significant advantage in mining. Ravencoin mining is open to GPUs and CPUs.

Miners can join mining pools or mine solo. Rewards are in the form of RVN, the native token, and begin at 5,000 RVN per block. The block rewards half approximately every 4 years until the maximum supply of 21 billion RVN is reached.

Uses and Applications of Ravencoin

Ravencoin enables various real-world use cases through its asset creation and transfer capabilities. Some examples include:

  • Securities tokens – Companies can issue tokenized securities representing equity, assets, dividends, and voting rights.
  • Collectibles – Unique digital assets like in-game items, concert tickets, art can be created and traded on Ravencoin.
  • Rewards points – Businesses can tokenize reward points that users can redeem and trade.
  • Document timestamping – Documents can be hashed onto the Ravencoin blockchain, timestamping them.

As a platform optimized for asset creation and transfer, Ravencoin may see innovative tokenized applications emerge in the future.

The Ravencoin Community

Ravencoin has an active global community supporting the project and contributing to its growth. There is a Ravencoin Foundation that promotes developments.

Communication channels include the Ravencoin subreddit, Discord, Telegram, GitHub, and the Ravencoin wiki. The passionate community develops resources, tools, and services around the network.

The project also sees support from miners, investors, and developers. With an open, engaged community, Ravencoin is positioned to drive mainstream adoption of blockchain assets.

Investing in Ravencoin

The Ravencoin token RVN can be purchased and traded on leading cryptocurrency exchanges including Binance, Bittrex, and KuCoin. It has a circulating supply of 11 billion RVN and a maximum supply of 21 billion.

As an early-stage blockchain project focused on asset creation and transfer, Ravencoin may present attractive investment opportunities. However, investors should carefully research the project’s technology, community, and roadmap before investing.

Factors like regulations, competition, user adoption, and security advancements will likely impact Ravencoin’s price performance and investment outlook. Its future remains promising but uncertain.

Ravencoin’s Future Outlook

Ravencoin offers a unique value proposition as a platform optimized for asset creation and transfer. With increased digitization and tokenization, Ravencoin could see greater utility and adoption.

Upcoming developments aim to make asset creation simpler and expand Ravencoin’s capabilities. The community continues driving initiatives supporting the network.

However, Ravencoin faces challenges in differentiation and mainstream adoption. Competing blockchain projects also enable custom asset creation. As the technology matures, only platforms providing real-world utility may succeed long-term.

Much depends on ecosystem growth and user adoption. Ravencoin has potential but execution remains key. Its future success will likely hinge on how effectively the platform can be leveraged for tokenized assets.


Ravencoin was launched by Bruce Fenton, a blockchain advisor and advocate, and Tron Black, a principal software developer at Medici Ventures. They assembled a team of volunteer developers to create code based on a fork of the Bitcoin code.

Like Bitcoin, Ravencoin uses a proof-of-work mining algorithm to secure its network. Miners are rewarded with newly minted RVN coins for verifying transactions. Ravencoin’s blockchain allows users to easily create and transfer custom digital assets tokenized on the network.

Ravencoin can be purchased on many major cryptocurrency exchanges like Binance, Bittrex and KuCoin. For beginners, reputable platforms like Coinbase provide an easy way to buy Ravencoin with fiat currency. Always research an exchange before using it.

Ravencoin can be stored securely using several wallet options:

  • Hardware wallets like Ledger and Trezor provide offline storage and security.
  • Mobile wallets like Exodus allow accessing funds on the go.
  • Desktop wallets like Ravencoin Core give users full control.
  • Non-custodial mobile wallet IronWallet provides enhanced security through private keys and biometrics.

Storing on an exchange is higher risk than a private wallet.

Yes, anyone with a PC can start mining Ravencoin with a GPU. It uses an ASIC-resistant algorithm called X16R that enables more decentralized participation in securing the network. There are several Ravencoin mining pools available.

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