Ravencoin is a peer-to-peer blockchain network enabling users to transfer assets between parties. Built on Bitcoin's UTXO (Unspent Transaction Output) model, Ravencoin is a Bitcoin fork designed specifically for digital asset transfers.
As the first decentralized, open-source blockchain dedicated to token creation and transfer, Ravencoin allows users to mint custom tokens within minutes and trade them globally. These tokens represent real-world assets like securities, collectibles, gold, event tickets, and more.
While Ravencoin supports any token type, its primary function is to facilitate value transfer between users.
Key Features of Ravencoin
- Proof-of-Work (PoW) Consensus: Like Bitcoin, Ravencoin relies on miners to validate transactions and secure the network.
Enhanced Blockchain Parameters:
- Block Time: 1 minute (vs. Bitcoin’s 10 minutes).
- Block Reward: 2,500 RVN (halving every 4 years).
- Block Size: Adjustable (initially 2MB).
- KawPoW Algorithm: Ensures ASIC-resistant mining for decentralization.
- Native Token (RVN): Used for transaction fees, miner rewards, and dividend payouts to token holders.
Development Milestones
Following Ethereum’s Merge in 2022, many Ethereum miners migrated to Ravencoin due to its PoW compatibility. This transition bolstered Ravencoin’s network security and mining community.
👉 Explore Ethereum’s Merge impact
In August 2022, Ravencoin partnered with Guardarian, enabling direct fiat-to-RVN purchases via credit/debit cards and global payment methods.
RVN Tokenomics
- Total Supply: 21 billion RVN (11.6 billion circulating).
- Deflationary Mechanism: Token issuers must burn RVN to create new assets, reducing supply over time.
- Halving Cycle: Mimics Bitcoin’s 4-year halving events to control inflation.
Price Influencers
RVN’s price reflects broader market trends, adoption rates, and mining activity. Its volatility aligns with crypto market cycles.
Founders and Team
Ravencoin was co-founded in 2018 by:
- Bruce Fenton: Ex-Morgan Stanley VP, Bitcoin Foundation executive.
- Joel Weight: CTO of Overstock.com and Medici Ventures.
- Tron Black: Serial entrepreneur and Medici Ventures’ lead developer.
FAQs
1. How does Ravencoin differ from Bitcoin?
While both use PoW, Ravencoin focuses on token creation and faster transactions (1-minute blocks vs. Bitcoin’s 10 minutes).
2. What is KawPoW?
Ravencoin’s ASIC-resistant algorithm ensures fair mining distribution.
3. Can RVN tokens be staked?
No—RVN is mined, not staked, as it operates on PoW.
👉 Learn more about PoW blockchains
4. Where can I buy RVN?
RVN is available on exchanges like OKX and via fiat gateways like Guardarian.
5. Is Ravencoin deflationary?
Yes, burning RVN for asset creation reduces its circulating supply.
Final Notes:
Ravencoin merges Bitcoin’s security with tailored tokenization tools, positioning it as a niche leader in asset-backed cryptocurrencies. Its adaptable blockchain and miner-friendly design ensure long-term viability.