Ravencoin (RVN)
From CryptoWiki
| Total supply | 21,000,000,000 RVN |
|---|---|
| Website | https://ravencoin.org/ |
Basics
- 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.
Basics
History
Token
Launch
Token Allocation
Utility
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
- Programming language used:
Transaction Details
How it works
Mining
- 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.
Scaling
Interoperability
Other Details
Privacy Method
Compliance
Oracle Method
Their Other Projects
Governance
DAO
Admin Key
Treasury
Upgrades
Roadmap
- Can be found [Insert link here].
Audits
- Bug bounty program can be found [insert here].
Bugs/Hacks
Usage
Projects that use or built on it
Competition
- Difference with BTC:
- 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, X16R which allows for more decentralized mining.
- Addition of Asset issuance, and transfer.
- Future addition of unique assets, sub-assets, rewards, messaging, and voting.
Pros and Cons
Pros
Cons
Team, Funding, Partnerships, etc.
Team
- Full team can be found [here].
- "Ravencoin which launched on January 3rd, 2018, was primarily funded through Overstock’s Medici Ventures. To this day, the core developers are still associated with Medici, and Overstock’s placement of ‘Millions of Dollars’ into Ravencoin allows the association of meaningful value with the launch."
Funding
Partners
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