Ravencoin Cryptocurrency (RVN) – This is a coin resulting from the bitcoin hardforward and optimized for P2P asset transfers, user prioritization, privacy, security, resistance to censorship.
Ravencoin cryptocurrency (RVN) ASIC devices for mining.
RVN’s transaction processing speed is 10 times faster than bitcoin. . The source code is open and anyone can take part in upgrading the cryptocurrency. An efficient Messenger is integrated into the ecosystem for messaging. All correspondence and financial transactions between users are strictly confidential.
Features of Ravencoin cryptocurrency
This coin was introduced in October 2017 (on the 9th anniversary of bitcoins) and released in January 2018 with almost no advertising. In a very short period of time and without much marketing, it was already on two decentralized exchanges and on the coin market.
The word “Raven” translates to “Raven.” The creators love “Game of Thrones” and draw an analogy with the world of the series. In the popular fantasy, ravens serve as messengers and heralds of truth in the Seven Kingdoms. According to the developers’ idea, rvn coin should play the same role in the blockchain industry.
Ravencoin has four key changes:
- Release Schedule (5,000 RVN reward).
- Blockchain time (1 minute).
- Coin (21 billion).
- Mining algorithm (X16R).
Essentially, Ravencoin uses a system of unique tokens to move assets across the blockchain, and this feature has been prioritized above all others.
The value of the coin is not fixed and depends on the balance of supply and demand. Once every four years, the system experiences a halving, that is, a halving of the reward to miners for a signed block.
Ravencoin project team
The launch of the Ravencoin project was funded by Medici Ventures Inc, a subsidiary of the Overstock online shopping network. The project team works on Github resource and consists of specialists of different fields, including the chief programmer of Medici known under a nickname Tron Black.
Bruce Fenton, one of the heads of the bitcoin fund, is doing the main work of managing the project. There was no pre-sale of tokens, the network started from scratch.