What is Ravencoin (RVN)?
Ravencoin is an open-source blockchain project, launched on January 3, 2018, designed specifically for the creation and peer-to-peer transfer of digital assets. It was built as a fork of Bitcoin, but with key modifications to suit asset issuance and tokenization use cases.
It allows users to create tokens that represent real-world or digital assets, such as shares, collectibles, land titles, or NFTs — all in a decentralized and permissionless way.
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Key Technical Info:
Forked from Bitcoin, modified for asset transfer use cases.
Consensus algorithm: KAWPOW – ASIC-resistant, GPU-friendly.
Block time: 1 minute (faster than Bitcoin).
Block reward: 2,500 RVN (halves every 4 years).
Max supply: 21 billion RVN (1,000x Bitcoin).
No ICO, no pre-mine, no team allocation.
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Primary Use Cases:
Create custom tokens (similar to Ethereum’s ERC-20).
Represent real-world assets like stocks, real estate, etc.
Mint and transfer NFTs.
Peer-to-peer transfer of digital assets without intermediaries.
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Key Features:
Simple asset creation — no coding required.
Low transaction fees.
No smart contract support, so it’s easier to use but less customizable.
Secured by GPU mining, helping decentralization.
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Quick Comparison: Ravencoin vs Bitcoin vs Ethereum
Consensus Algorithm:
Ravencoin: KAWPOW (GPU-mining)
Bitcoin: SHA-256 (ASIC-mining)
Ethereum: Proof of Stake (staking)
Main Purpose:
Ravencoin: Digital asset issuance and transfer
Bitcoin: Digital money, store of value
Ethereum: Decentralized apps and smart contracts
Block Time:
Ravencoin: 1 minute
Bitcoin: 10 minutes
Ethereum: ~12 seconds
Max Supply:
Ravencoin: 21 billion RVN
Bitcoin: 21 million BTC
Ethereum: No hard cap
Smart Contract Support:
Ravencoin: No
Bitcoin: No (basic scripting only)
Ethereum: Yes
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Notes:
Ravencoin has been around for several years with a stable and active community — especially among GPU miners and those focused on decentralized asset issuance. However, it doesn't have a highly developed ecosystem like Ethereum or Solana, and adoption among major projects is limited.