Ravencoin is a Bitcoin fork. The primary purpose of this project is to tokenize assets by burning RVN coins and transferring ownership via blockchain transactions. Ravencoin tokens can represent digital or physical, real-world assets such as gold, real estate, royalties, intellectual property rights, in-game assets, virtual goods, shares of stocks and securities, tickets, airline miles, or rewards. Users can also create non-fungible tokens (NFTs), although Ravencoin does not support native smart contracts.
Ravencoin provides some improvements over Bitcoin, but it is still based on the outdated Proof of Work method. The project appears to be falling behind others due to a lack of development, having been outpaced by more progressive initiatives such as Tezos, which can be used to exchange and store tokenized assets. In fact, Ravencoin has lost more than half of its value since the start of 2022, and its market capitalization has fallen behind other crypto projects. The project has not yet demonstrated its fundamental value.
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Ravencoin is apowered by,uses to validate transactions,and is.Ravencoin does not support.
Interesting facts about Ravencoin
Here are some facts you may not already know about Ravencoin. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
Ravencoin aims on being fair and open, therefore there was no pre-mining, no ICO, and no rewards for developers and founders.
ASIC-resistant PoW consensus mechanism called KAWPOW makes Ravencoin accessible to individuals without expensive mining hardware.
In January 2022, at block 2,100,000, the first halving took place, and the reward per block dropped from 5,000 to 2,500 RVN.
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Ravencoin price and insights
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-0% past 1 week
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0% feel totally fine about Ravencoin today
0% think this is a great investment
0% believe in the potential
0% say the development team is great
0% say the community is great
Market capitalization Very small
24 hour trading volume Very small
Market cap % of total Very small
# Discord members -
# Telegram members 13,220 3% of them are active
% of total supply circulating Very small
What’s the community like?
Community matters for projects like Ravencoin, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.