Ravencoin price is a blockchain platform that focuses on facilitating peer-to-peer transactions. It is an open-source platform that is 100% transparent and community-driven. Just like other cryptocurrencies that users can issue, track, and transfer their digital assets to, Ravencoin is aimed at streamlining cross-border transactions without the need for intermediaries. It was built from the foundation of Bitcoin, with a protocol based on a fork from a Bitcoin code.
Ravencoin has a total supply of over 4,243,060,000 RVN and has a circulating supply of over 4,243,060,000 RVN.
What Makes Ravencoin Different from Bitcoin?
- 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.
Ravencoin (RVN) tokens are mined publicly using a Proof-of-Work (PoW) consensus and the X16R algorithm, by making the order random to 16 different hashing algorithms Ravencoin gives the freedom for anyone to mine the network without the competition of ASIC hardware.
RVN coin price represents virtual goods such as event tickets, in-game currency, and items. Ravencoins can represent credit, physical assets, project shares, and digital assets. Ravencoins aims to create a blockchain that is optimized specially for the exchange of assets such as tokens between one token owner to another.
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