A Simple Introduction to Ravencoin

What is Ravencoin?

  • Open-source project forked from Bitcoin
  • Main feature is that you can tokenize physical assets or intellectual property
  • Goal is to use ASIC resistant algorithm in order to stay more decentralized: Read more about the 51% Attack
  • Uses KAWPOW algorithm helps Ravencoin stay ASIC resistant and only minable with GPU
  • Ravencoin was launched with zero pre-mine. This essentially means that no coins were mined before the official release to the public. Everyone was able to start mining and had an equal opportunity to earn RVN since launch day.

Advantages of RVN

  • Block reward of 5,000 RVN instead of 50 BTC.
  • Block time of 1 minute instead of 10.
  • Total coin supply of 21 billion instead of 21 million.
  • ASIC Resistant
  • Addition of Asset & Sub-asset issuance, transfer, unique assets, and rewards.
  • Raven’s supporters tout its advantages over Ethereum in terms of the ability of the protocol to differentiate assets and regular transactions

Ravencoin Assets vs. ERC-20

Source: Ravencoin Assets vs. ERC-20

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Ricky Young

My belief is that financial freedom cannot be obtained by just a 9-to-5, but a combination of smart investing and passive income. This is my journey to achieve financial freedom.

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