I. Overview.
Being created by hundreds of former Bitcoin Core developers, Ravencoin aims to implement a blockchain which is optimized specifically for the use case of transferring assets such as tokens from one holder to another. Based on the extensive development and testing of Bitcoin, Ravencoin is built on a fork of the Bitcoin code. A primary use case of the Ravencoin protocol is simple, flexible creation and issuance of securities tokens on a secure blockchain. The platform structure include paying out dividends, contribute votes, and messaging platform between coin holders.
II. Technical Specifications.
Name: RavenCoin
Ticker: RVN
Algorithm: X16R
Maximum Supply: 21,000,000,000 RVN
Circulating Supply: 1,229,800,206 RVN ( June 14th 2018)
Protocol : PoW
Market Cap All Time High: 53,779,900 USD (May 11th 2018)
Exchange: CryptoBridge, QBTC, NANEX, TradeOrge, Cryptohub
III. Fundamental Specifications.
Using the X16R algorithm, RavenCoin is the test platform for this new mining algorithm as developers are trying to find a new algorithm that can be ASIC-resistant. Raven was launched on January 3, 2018, celebrating the 9th year anniversary of Bitcoin's launch. Raven changes the issuance schedule, block time, and mining algorithm. Raven is the reference implementation for X16R, which defines the number of algorithms, the specific hashing algorithms used, the order of the algorithms, and the order of and bytes used from the previous block hash. The order of the algorithm is set in order to prevent hardware manufacture to capitalize on creating a huge amount of ASICs hardware mining certain cryptocurrencies.
One use case that the Ravencoin project emphasize working on is implement a specific blockchain and development effort, that can further integrate code which can be able to enhance existing blockchain infrastructure like Bitcoin.
Another use case that Ravencoin aim to implement is the becoming the any protocol level ability to control wealth would potentially place jurisdictions in conflict, and will not be able to operate fairly.
IV. Coin Index
V. References
https://medium.com/@ravencoin/ravencoin-4683cd00f83c
https://coinmarketcap.com/currencies/ravencoin/#charts
https://www.reddit.com/r/Ravencoin/
https://github.com/RavenProject/Ravencoin/commits/develop