Ravencoin is free & open source & fairly mined (POW) blockchain. Users can issue and control utility, game, NFTs & securities digital assets/ tokens #IPFS.
From its humble beginnings, the Ravencoin community has respected and appreciated Bitcoin as the case study in secure code and a secure network as well as the economic and monetary king of the digital world.
The Ravencoin white paper credits the open source Bitcoin developers who built the code that Raven was founded on. Ravencoin is a code fork of Bitcoin and uses the same issuance method (Proof of Work Mining) as Bitcoin. Prior to launch Ravencoin had 100% of the same code as Bitcoin - the main changes were made in multiplying everything by 1000 (21 billion coins instead of 21 million for example) and changing the block time to one minute. Later the asset layer was added.
Like Bitcoin, Ravencoin is a fair launch, proof of work - it also used the same announcement and binaries release schedule as Bitcoin (on the anniversary of Bitcoin announcement and launch).
Bitcoin focuses on nation state level security and economic stability. There’s an argument that says Bitcoin should focus only on security and predictably and not optimize for things like second layer tokens. Whether on the Bitcoin chain or on another chain, internet money will need to interact with digital assets. Ravencoin is a natural fit.
Ravencoin assets have several advantages: no central control / no security centralization hole or shutdown authority Private and not linked to any centralized database or identity Permissionless - anyone can create any asset for any reason
The unique cypherpunk nature of Ravencoin and its no nonsense structure and governance and issuance makes it a natural fit to be the token layer of the digital world.
Some areas that could help realize this vision: more assets build on Ravencoin more service providers/ “around the edges” services to make assets work the most effectively more trading of assets
As always, Ravencoin can always benefit from more security and privacy work as well.
The project is truely free and open source. Ravencoin is a gift to anyone who wishes to build on it and use it.
Ravencoin on exchanges is interesting and more should list it.
But where the project really shines is in the secure core wallet. Using this wallet you can create digital assets easier than almost any other platform. These assets are controlled only by you.
Ravencoin could have had a premine. It would have had a treasury for marketing, press releases, partnerships & grants. It would have had rich & motivated founders & devs to pump their bags. It could have even bought some market cap & usage.
Bitcoin is the best protocol. The best chain and the best money in the world. Everyone should recognize this.
Everyone should also recognize that the technology behind Bitcoin and the Bitcoin blockchain is great technology that is usable for other purposes than money alone.
Securities, RWAs, experiments, even memes and NFTs all have value in the world and a chain focused on these makes logical sense.
The idea that all alt coins are useless is outdated and silly. The idea that all alt coins are scams or premine money grabs to enrich founders is often accurate but most definitely not always accurate and not in the case of Ravencoin. Ravencoin is open source, given away freely. Anyone who has an issue with this might be more comfortable with a closed source corporate project.
The Ravencoin white paper is a work of art. It predicted meme coins, NFTs and securities tokens before almost any other project. Fair launch. No premine. Not a security. Free and open source. Decentralized. Cypherpunk.
No founder reward No set aside No staking No fundraise No treasury No corporate structure No officers or directors No premine No token sale No ICO No venture capital equity No official foundation
Just code, given away freely and built on by a community.
Tokens & digital assets are one of the killer apps of distributed ledger tech. Ravencoin was one of the first purpose built chains for this use case, a pioneer in collectibles, art, securities & digital assets. No premine, no fundraise, not a security, no central control. Cypherpunk.
In a changing and chaotic world it’s more important than ever to rely on code and proof of work over the whims of politicians, rulers and regulators. The Ravencoin ledger is a statement of mathematically provable of truth in a sea of lies. This is the future of assets.
Today most people talk about ETFs, regulatory compliance or scammy tokens with staking structures to grift off of fools. Ravencoin was born of the old school cypherpunk ethos. From a day when people spoke about decentralization and limiting the power of centralized parties.
Ravencoin has a strong base that avoids many of the structural issues other projects have regarding regulatory and centralization risks. The drawback is that there is no promotional or funding source such as a treasury and the project must rely entirely on volunteers.