• Ravencoin (RVN) is a decentralized, open-source blockchain project that was launched in 2018 with the goal of enabling anyone to issue tokens on its network.
• The coding infrastructure of Ravencoin is based on a fork of Bitcoin, and the project offers token issuers an alternative to smart-contract-centric blockchains such as Ethereum.
• Ravencoin’s main advantage over other platforms is its decentralization-friendly consensus mechanism and security model.
The Ravencoin project was launched with the goal of providing a platform for anyone to issue tokens on its network. The platform is an open-source blockchain project and its coding infrastructure is based on a fork of Bitcoin. This allows token issuers to access features from Ethereum, the most popular smart-contract-centric blockchain, without the need for an initial coin offering or pre-sale.
One of the key features of Ravencoin is its mining algorithm called X16R. This algorithm is designed to allow for more decentralized mining than Bitcoin’s SHA-256 algorithm by resisting mining via application-specific integrated circuits (ASICs). This makes it difficult for more powerful and centralized miners to take over the network.
In addition to its mining algorithm, Ravencoin also offers additional security features. It has a multi-signature wallet feature, which requires multiple signatures from different users in order to access the assets stored in the wallet. This helps to protect users from theft, as it is more difficult for one person to gain access to all of the funds.
Ravencoin also has a decentralized asset exchange, which allows users to trade assets without the need for a third-party exchange. This provides users with increased privacy, as their transactions are not visible on a public blockchain.
Overall, Ravencoin is an attractive project for token issuers and investors, due to its decentralized consensus mechanism, security features, and asset exchange. It is an open-source blockchain project, so anyone can run, change, and contribute to the code. With its advantages over Ethereum and Bitcoin, Ravencoin is a promising project that could potentially turn out to be a lucrative investment.