What Is Ravencoin & How Does It Work? Who Created RVN?

Learn about Ravencoin

Ravencoin is an open-source blockchain platform designed for token issuance and secure digital asset transfers. Built on a modified version of Bitcoin’s codebase, it enables users to create tokens representing real-world assets like commodities, securities, loyalty rewards, and more.

How Does Ravencoin Work?

Ravencoin operates similarly to Bitcoin but with key enhancements:

• KAWPOW Algorithm: A Proof of Work (PoW) variant that discourages ASIC mining dominance, promoting decentralization.
• Faster Block Time: 1-minute blocks (vs. Bitcoin’s 10 minutes) for quicker transactions.
• Asset Creation: Users burn RVN coins to mint customizable tokens with unique properties (e.g., supply limits, divisibility).

👉 Discover how Ravencoin mining works

Who Are the Founders of Ravencoin?

Launched in 2018 by:

1. Bruce Fenton: Ex-Bitcoin Foundation executive and investment banker.
2. Joel Weight: CTO at Overstock.com and Medici Ventures.
3. Tron Black: President of the Ravencoin Foundation and seasoned software developer.

The non-profit Ravencoin Foundation now oversees the project’s development.

What Makes Ravencoin Unique?

• No Pre-Mine: All RVN coins are mined organically.
• 21 Billion Supply Cap: 1,000x Bitcoin’s supply, with halvings every ~4 years.
• Token Features: Supports messaging, voting, and IPFS/JSON integrations for tokenholder communication.

What Gives Ravencoin Value?

RVN derives value from:

• Network Utility: Required to create and transfer assets.
• Scarcity: Fixed supply mirrors Bitcoin’s economic model.
• Use Cases: From corporate rewards to decentralized governance.

RVN Supply and Distribution

• Circulating Supply: [Current data]
• Total Supply: 21 billion RVN (fully mined by ~2080).
• Block Reward: 5,000 RVN, halving periodically (next: 2,500 RVN in 2022).

How to Use Ravencoin

1. Asset Issuance: Burn RVN to create tokens (e.g., for co-op shares or loyalty programs).
2. Rewards & Dividends: Automate payouts to tokenholders.
3. Messaging: Broadcast updates to tokenholders via the blockchain.

👉 Explore Ravencoin wallets

Choosing a Ravencoin Wallet

• Hardware Wallets (Ledger/Trezor): Best for security.
• Software Wallets: User-friendly options like Electrum-RVN.
• Online Wallets: Convenient but less secure (e.g., Kriptomat).

Ravencoin Mining

KAWPOW’s ASIC resistance allows GPU mining:

1. Download Ravencoin Core.
2. Configure mining software (e.g., TeamRedMiner).
3. Start mining with a valid wallet address.

Note: 2022 halving reduces block rewards to 2,500 RVN.

Ravencoin FAQ

What Can Tokens Represent?

Examples:

• Real estate deeds
• Event tickets
• Security tokens

How to Buy RVN?

Purchase via exchanges like Kriptomat using credit cards, SEPA, or Skrill.

Current RVN Price & Market Data

• Price: [Latest EUR/USD value]
• Market Cap: [Ranking]

Final Thoughts
Ravencoin’s focus on decentralization and asset tokenization positions it as a versatile blockchain for businesses and communities. Its fair distribution and ASIC-resistant mining further strengthen its appeal.

👉 Start trading RVN today

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