Ravencoin
$0.003373
-0.2%(24h)30d
Today
-0.2%
30 Days
-11.6%
Price Change (24h)
-$0.00000594
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SOL$95.00+3.20%BTC$43,500+2.50%ETH$2,650+1.80%USDT$1.00+0.00%BNB$320-0.50%XRP$0.5200-1.20%SOL$95.00+3.20%Today
-0.2%
30 Days
-11.6%
Price Change (24h)
-$0.00000594
Price: $0.003373 · Virtual USD only
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RVN
0.03
Ravencoin is a digital peer-to-peer network designed as a use-case-specific blockchain with one core function: efficiently transferring assets between parties. Forked from Bitcoin's codebase, Ravencoin was announced on October 31, 2017, with mining binaries released on January 3, 2018. The project employed a fair launch model—no premine, no ICO, and no masternodes. Its name references the television series Game of Thrones.
Bruce Fenton, Tron Black, and Joel Weight authored the Ravencoin whitepaper. Each brought substantial experience before entering crypto. Fenton gained prominence as both a Bitcoin Foundation board member and executive director between 2015 and 2018, following a career in investment banking where he reached vice president rank at Morgan Stanley during the 1990s and served as managing director of Atlantis Consulting for 13 years. He now works as Chainstone Labs' managing director. Black, a principal software developer with 30+ years of experience and several CEO positions, has worked in crypto since 2013 on ventures like Verified Wallet, CoinCPA, and t0, currently employed by Medici Ventures (an Overstock.com subsidiary). Weight serves as Overstock.com's chief technology officer, previously holding COO and CTO roles at Medici Ventures, with a software development background dating to his 1998 University of Utah graduation during the dot-com era.
As a Bitcoin fork, Ravencoin implements four critical modifications: an adapted issuance schedule with 5,000 RVN per block, one-minute block times, a 21 billion token cap (1,000 times larger than Bitcoin), and KAWPOW mining algorithm (replacing X16R and X16RV2) designed to reduce ASIC-driven mining centralization. The core innovation addresses blockchain asset transfers—preventing accidental destruction of assets previously created on Bitcoin's chain. RVN operates as the internal currency; burning RVN is required to issue token assets on Ravenchain. These assets represent real-world objects (gold, currency), virtual items, ownership stakes (stocks, securities), loyalty programs (airline miles), or time-based services. Future Ravencoin iterations will feature built-in messaging and voting capabilities.
Ravencoin emphasizes fairness and openness: there was no premine, no ICO, and no founder or developer coin allocations. By March 2021—three years into the project—39 percent of coins had been mined. Total supply is capped at 21 billion coins.
As a Bitcoin fork, Ravencoin benefits from decentralization and mathematical security. It uses the KAWPOW proof-of-work mining algorithm, which replaced X16R and X16RV2 on May 6, 2020, and is designed to resist ASIC hardware advantages. The original X16r algorithm cycled through 16 different hash functions per block, with order derived from the prior block's last 8 bytes—intended to prevent ASIC advantage over GPUs and CPUs. Despite this, ASICs were eventually developed, prompting the shift to KAWPOW, a refined variant of ProgPow descended from Ethash and optimized for GPU mining. Combined with commitment to fair distribution without premine, these safeguards aim to prevent any single actor from accumulating sufficient hash power for a 51% attack or manufacturing price shocks. However, a documented attack on June 3, 2020 resulted in the instant creation of 315 million RVN coins—approximately 1.5 percent of the 21 billion cap. Valued at approximately $5.7 million USD at announcement, no existing coin holders were directly impacted.
RVN trades freely with pairs in stablecoins (such as USDT), other cryptocurrencies (Bitcoin, Ethereum), and fiat currency. Leading exchanges include Binance, Huobi Global, OKEx, ZG.com, and VCC Exchange. Additional venues are listed on CoinMarketCap's exchange directory. For crypto beginners interested in Bitcoin or other tokens, detailed purchasing guidance is available.
Exchange data unavailable.
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