Knowledge is Power
What is Ravencoin?
Asset Aware Protocol
Welcome to Ravencoin
Ravencoin is a decentralized open-source protocol based on a fork of the Bitcoin code, launched in early 2018, 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. You can make your own security token within minutes and have it trade worldwide.
Ravencoin launched as an ASIC Resistant, no pre-mine, fair launch, Proof of Work cryptocurrency. Ravencoin has a maximum total supply of 21 Billion RVN with a 5 year halving schedule, similar to Bitcoin.
In 2020, Ravencoin moved over to a new mining algorithm, KAWPOW, in order to deter FPGA and ASIC mining machines to run on the network. Ravencoin was created as a permissionless, censorship-resistant solution for peer-to-peer digital transfers of assets.
What Makes Ravencoin Different from Bitcoin?
- Block reward of 5,000 RVN instead of 50 BTC.
- Block time of 1 minute instead of 10.
- Total coin supply of 21 billion instead of 21 million.
- A new mining algorithm, KAWPOW which allows for more decentralized mining.
- Addition of Asset & Sub-asset issuance, transfer, unique assets, and rewards.
- Future addition of messaging and voting.
You can learn more about the Ravencoin here: https://ravencoin.org/
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