Ravencoin (RVN)

Information about the coin Ravencoin (Ticker Code: RVN)

Asset Information

Asset Name: Ravencoin
Trade Ticker: RVN
Logo Icon:
Asset Type: Coin
Total Supply: 21,000,000,000 RVN
Circulation: 2,917,345,000 RVN  
Market Cap: $61,474,717 USD
Premine: No
Proof Type: POW
Algorithm: X16R
Categories: Cryptocurrency
Social Contacts: Twitter   Telegram   Reddit   Medium   Discord  
Website: https://ravencoin.org/
Explorer: https://ravencoin.network/
Sourcecode: https://github.com/RavenProject/Ravencoin
Announcement: https://bitcointalk.org/index.php?topic=3238497
CoinMarketCap: https://coinmarketcap.com/currencies/ravencoin/
Coingecko: https://www.coingecko.com/en/coins/ravencoin
Cryptoslate: https://cryptoslate.com/coins/ravencoin/
7 Day Sparkline:
Average Price:

altilly RVN (Ravencoin) Balance SheetWhat is this?  

Last Updated: 2020-05-31 03:01:14 UTC
Customer Funds on Deposit 23592.58011909 RVN
Customer Funds Pending Deposit 0.00000000 RVN
Customer Funds Pending Withdrawals 0.00000000 RVN
Total Liabilities 23592.58011909 RVN
In Deposit Wallets 0.09599756 RVN
In Transit Dep-->WD Wallet 0.00000000 RVN
In Withdrawal Wallets 23593.91831616 RVN
In Safe Storage (0.00%) 0.00000000 RVN
Total Assets 23594.01431372 RVN
Balance 1.43419463 RVN (100.006%)

Liabilities Est. USD Value $497.15
Assets Est. USD Value $497.18
Balance Est. USD Value $0.03 (100.006%)

Ravencoin (RVN) is trading in 7 markets at altilly.

What is Ravencoin?

Ravencoin is a digital peer to peer network that aims to implement a use case specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another. Built on a fork of the Bitcoin code, Ravencoin was launched January 3rd, 2018, and is a truly open source project (no ICO or masternodes). It focuses on building a useful technology, with a strong and growing community.

How Ravencoin works

A Ravencoin post on Medium from November 2017 references Game of Thrones when introducing this experimental currency: "In the fictional world of Westeros, ravens are used as messengers who carry statements of truth. Ravencoin is a use case specific blockchain designed to carry statements of truth about who owns what assets".

Launched on January 3rd, 2018, the ninth anniversary of bitcoin's launch, Ravencoin is an open-source project designed to enable instant payments to anyone around the world. The aim of the project is to create a blockchain optimized specifically for the transfer of assets such as tokens from one holder to another.

A fork of the bitcoin code, Ravencoin features four key changes:

The issuance schedule (block reward of 5,000 RVN)
Block time (1 minute)
Coin supply (21 Billion)
Mining algorithm (X16R)
This algorithm is intended to address the centralization of mining caused by ASIC hardware. In the X16R algorithm paper, the team behind the currency explains that the fixed order of ordinary hashing algorithms lends itself to the construction of ASIC miners.

However, the X16R algorithm aims to overcome this problem by constantly disrupting the ordering of the hashing algorithms - it uses the same algorithms used in X15 and SHA512, but the ordering of those algorithms is changed based on the hash of the previous block.

Unique characteristics of Ravencoin
ASIC free - Uses an X16R hashing algorithm
No Premine - Genesis Block launched, opening mining started
Fair Launch - meaning, on day one, you like everyone else could have started
No rush to link up with an exchange
Individuals ask about price and do price checks, developers agnostic