Global market data

Cryptocurrencies: 13,192
Markets: 589
Marketcap: $ 964.86 B
24h Vol: $ 38.17 B
BTC Dominance: 38.03%

Ravencoin price, charts, marketcap and other stats

$ 0.035661 (-1.08%)
0.00000200 BTC
$ 417,500,072
$ 14,174,868
Volume (24h)
11,729,771,611 RVN
Circulating Supply
11,729,801,611 RVN
Total Supply
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What isย Ravencoin?

RavenCoin derives its name from a bird called Raven that was used to deliver statements of truth in western folklores. It is a peer-to-peer digital network used for transferring digital assets from one person to another. It is a also a Proof-of-Work currency based on a Bitcoin fork. The coin was launched on January 3, 2018, during the Bitcoin’s 9th anniversary.

RavenCoin has some distinctive features that differentiates it from Bitcoin. For instance, its blocktime is one minute, has an suance schedule block reward of 5000 RVN and uses X16R mining algorithm. It is this algorithm that counters ASIC miners to prevent centralization by disrupting the hashing algorithms’ ordering like is in the case with Bitcoin.

The main purpose of this coin is to enable transfer of digital assets like tokens from one individual to another. It is good to note that this coin is free from ASICs thanks to its algorithm, had a fair launch, there was no premining and is not linked up to any exchange. Users are free to ask about prices and carry out price checks.

At the moment, the most practical use the coin can be put into is enabling instant transfer of cash from one person to another anywhere in the world.

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