Ravencoin
RVN

$0.01282499

6.28%
  • Market Cap
    $191,685,891.458
  • 24 Hour Trading Vol
    $15,062,163.14
  • Fully Diluted Valuation
    $269,324,756.421
  • Circulating Supply
    14,941,643,862
  • Total Supply
    21,000,000,000
  • Max Supply
    21,000,000,000
Ravencoin
Ravencoin is a P2P blockchain designed for transferring various user-issued tokenized assets. RVN mining utilizes the proprietary XR16 algorithm.
Socials
Category
Chain
Ravencoin Converter
RVN
USD
1 RVN = $0.01282499
RVN Statistics
  • Ravencoin Price
    $0.01282499
  • Trading Volume
    $15,062,163.14
  • Market Cap
    $191,685,891.458
Ravencoin Price Chart (RVN)

Loading...

24h
7d
30d
3M
1Y
YTD
+6.28%
+4.79%
-9.81%
-43.31%
-45.12%
-36.15%
About Ravencoin

The Ravencoin project was launched in 2018 as a Bitcoin fork. It is an open-source digital peer-to-peer software that seeks to facilitate easy asset transfers from one holder to another. This one specific function, transferring assets from one party to another, is the predominant use case for the Ravencoin blockchain.

Ravencoin aims to keep user control, privacy at its core, as well as remain censorship-resistant and be jurisdiction agnostic. It also began with the more speculative aim to see a single-use case blockchain and its development could improve or be advantageous to already existing blockchains. As such, the project began in a very experimental fashion.

Since Ravencoin is based on Bitcoin code, the network offers an alternative method of asset transfer from smart contracts as seen on Ethereum. RVN is the blockchain’s native coin.

What are Ravencoin’s key features and how does it work?

Since the Ravencoin technology comes from a fork of Bitcoin, much of the software is based on the expansive development and testing conducted on Bitcoin prior to the fork. However, it has some key differences. This includes faster block reward time, an altered number of coins, as well as a different mining algorithm.

The blockchain chain allows anyone to issue a token on its network, as long as the main goal is aligned with that of Ravencoin, i.e. to transfer an asset. To issue a new token, users burn a certain amount of RVN and must give their token a name. Token creators can give their token specific characteristics, for example, fungibility and the number of tokens issued.

Ravencoin also has its own wallet, known as MangoFarmAssets, where users can store their RVN tokens, or other tokens created on the network, as well as NFTs.

What is noteworthy about Ravencoin?

The first unique aspect of Ravencoin is its mining algorithm known as X16R. Like Bitcoin, the mechanism is Proof-of-Work. However, unlike Bitcoin, it uses a unique hashing algorithm called X16R. It has a design that is meant to facilitate more decentralized mining than the original SHA-256 Bitcoin algorithm. A network of computers runs the Ravencoin software in order to secure the network by validating transactions and distributing RVN.

The hashing algorithm allows for more decentralized mining by not being compatible with certain hardware that arguably makes mining more profitable for those who use it. In particular, this is mining via ASICs (application-specific integrated circuit chips). Proponents argue that ASICs lead to higher centralization due to the large upfront investment required to have the required hardware. Anyone can mine for RVN with their own CPU.

What can Ravencoin be used for?

Ravencoin can be used by anyone in order to create and issue tokens that represent many types of assets. This could be gold, stocks, or other digital assets. NFTs can also be created on the Ravencoin platform.

Where can you buy RVN?

RVN is available to buy from the CEXs and DEXs as listed here, the price of RVN will vary depending on the exchange and interest. The most popular options are Binance, OKEx, and HitBTC. 

For RVN price data, you can view our price charts.

Ravencoin Markets
ExchangePairLast PriceChange (24H)High (24h)Low (24h)SpreadVolume (24h)

Rows per page:

0–0 of 0

Белая ворона в мире централизованного майнинга: обзор проекта Ravencoin
На крипторынке по-прежнему существуют востребованные решения, привлекающие майнеров и сторонников алгоритма консенсуса Proof-of-Work (PoW). Некоторые ...
Popular Cryptocurrencies
Growth Leader (24 hours)
.
Frax Finance
+13.85%
$2.183
Leader in trading volume (24 hours)
.
Bitcoin
$14.7B

© Token Radar 2024. All Rights Reserved.
IMPORTANT DISCLAIMER: All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.