Ravencoin
RVN
Crypto
Store of Value
USD 0.021-0.03%
Ravencoin
UMushroom community rating:
About
Store of Value
CategoryProof Of Work
Consensus MechanismL1
L1/L2n/a
Sub-cateegoryn/a
Ecosystem2018
Year of creation
Description
Ravencoin (RVN) is a Store of Value crypto coin. The coins can be earned through the process of mining. Ravencoin`s origin block was generated on 2018-01-03. More information can be found at https://ravencoin.org/.
Key Technical Advantages:
Fork of Bitcoin: Ravencoin is built on a fork of the Bitcoin code. This means that it shares much of the underlying code and structure of Bitcoin but has some key differences to optimize its particular use case. Asset Transfer Focus: Unlike Bitcoin or Ethereum, which have a range of use cases, Ravencoin is specifically designed for the efficient transfer of assets from one party to another. This use-case focus allows for optimization of the blockchain for this specific function. Block Time and Coin Distribution: One key change from Bitcoin is a block reward time of one minute, which is significantly shorter than Bitcoin's 10 minute block time. This means transactions can potentially be confirmed faster on the Ravencoin network. The number of coins issued is also changed, but the weighted distribution schedule remains similar. Asset Creation and Messaging Capabilities: The Ravencoin protocol includes built-in features for the creation of assets and for messaging. This can be used for a wide range of applications, such as the tokenization of physical or digital assets. Proof of Work and X16R Algorithm: Ravencoin uses a Proof of Work (PoW) consensus mechanism, similar to Bitcoin. However, it uses the X16R algorithm, which was created specifically for Ravencoin. All Ravencoin (RVN) are mined publicly and transparently, with no special allocations for founders or developers. This can help ensure the fairness and security of the network. Content summarized by AI chatbotSource:
https://ravencoin.org/whitepaper/Key figures
-2.67%1Y
-73.7%3Y
-6.16%5Y
Performance
0/ 01D
0/ 01M
0/ 01Y
Highs/ Lows
10.09.2022
USD 0.23
All Time High
9.15%
% of All Time High
-94.36%All Time
-77.99%1 year
Max drawdown
#232
Ranking by Market Cap
312.43 M
Market cap (USD)
0.00%
% of Market
2,008.841 B
Category Market Cap (USD)
0.02%
% of Category
14623817911
Circulating Supply
14623817911
Liquid Supply
100.00%
Liquid/ Circulating Supply
21000000000
Max Supply
69.64%
Circulating/ Max Supply
37460518
Volume Traded
9.64%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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