Market Cap: $1 613 224 898 870 (2.68%)
  • Volume 24h: $102 671 773 465 (6.36%)
  • Market Cap Change 24h: 2.68%
  • BTC dominance: 44.71%

Ravencoin RVN

Digital peer to peer network for the facilitation of asset transfers

A new open-source project intended to see if a use case specific blockchain designed to be focused on the transfer of assets can develop technology which provides security or functional advantages for certain projects. Specifically working on things like RSK, which will allow Solidity to work on this chain, will be huge for Ravencoin in the future.

Industry: Computing Proof Type: Proof of Work (PoW) Algorithm: X16R CMC Rank: 116
  • USD: $0.050
    1h: 1.03% 24h: 2.69% 7d: 7.62%
  • BTC: 0.0000015 BTC
All Time High: $0.29 3 years ago
Current price is -83 % from ATH
  • Cap: $456 049 228
  • Vol 24h: $24 137 247 (5.29 %)
  • Circulating: 9 203 555 000 RVN (43.8 %)
  • Total: 21 000 000 000 RVN (100.0%)
  • Max: 21 000 000 000 RVN

Ravencoin Price Chart

About Ravencoin

Ravencoin is a blockchain specifically dedicated to the creation and peer-to-peer transfer of assets. Just as Monero is solely focused on privacy, Ravencoin specializes in asset transfer – nothing more, nothing less. Although you can exchange assets over other blockchains, like Bitcoin and Ethereum, that’s not their intended purpose. And the lack of specialization leads to problems that are specific to transferring assets. Ravencoin enables you to create and trade any real-world (e.g., gold bars, land deeds) or digital (e.g., gaming items, software licenses) assets on a network with only that in mind.

Ravencoin doesn’t have an established team. It’s an open-source project led by the core developers: RavoncoinDev, Tron, and Chatturga (discord usernames). Bruce Fenton, Board Member of The Bitcoin Foundation, advises the team. The core developers launched Ravencoin on January 3rd, 2018 and Fenton kicked off the launch with a Tweet announcing the start of mining. The project gained some notoriety when Overstock CEO Patrick Byrne announced that his company had made a multi-million dollar investment into the team. Since then, the team has been building out the core functionality of asset support and rewards capabilities.

The release of the Ravencoin mainnet and increase in activity on the platform should help the price. Any news of notable companies or financial institutions utilizing the platform should also have a positive effect. Ravencoin offers just one thing: tokenized asset transfer. And that singular focus isn’t a bad thing. When projects attempt to solve a bunch of problems at once, they often create a bunch of half-baked solutions. Ravencoin is avoiding that. As a young project with seemingly endless competition, it’s difficult to predict how successful Ravencoin will be. An active community and backing from one of the most respected names in online retail are positive indicators, though. There’s a clear trend toward the tokenization of all types of assets. However, we have yet to see whether or not Ravencoin will be leading that change.

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Ravencoin All Time High Chart

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Twitter Stats
  • Followers: 7,192
  • Lists: 63
  • Favourites: 18
  • Update Frequency: 0.0 statuses/day
  • Created: 6 years ago