What is Ravencoin? Ravencoin is a digital peer to peer network that aims to implement a use case specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another. Built on a fork of the Bitcoin code, Ravencoin was launched January 3rd, 2018, and is a truly open source project (no ICO or masternodes). It focuses on building a useful technology, with a strong and growing community. How Ravencoin works A Ravencoin post on Medium from November 2017 references Game of Thrones when introducing this experimental currency: “In the fictional world of Westeros, ravens are used as messengers who carry statements of truth. Ravencoin is a use case specific blockchain designed to carry statements of truth about who owns what assets”. Launched on January 3rd, 2018, the ninth anniversary of bitcoin’s launch, Ravencoin is an open-source project designed to enable instant payments to anyone around the world. The aim of the project is to create a blockchain optimized specifically for the transfer of assets such as tokens from one holder to another. A fork of the bitcoin code, Ravencoin features four key changes: The issuance schedule (block reward of 5,000 RVN) Block time (1 minute) Coin supply (21 Billion) Mining algorithm (X16R) Unique characteristics of Ravencoin - ASIC free – Uses an X16R hashing algorithm - No Premine – Genesis Block launched, opening mining started - Fair Launch – meaning, on day one, you like everyone else could have started - No rush to link up with an exchange - Individuals ask about price and do price checks, developers agnostic https://medium.com/@ravencoin/ravencoin-4683cd00f83c
