Ravencoin is a peer-to-peer blockchain network designed for asset transfers between parties. As a Bitcoin fork utilizing the Unspent Transaction Output (UTXO) model, it combines Bitcoin's security with enhanced capabilities for token creation and transfer.
Key Features of Ravencoin
- Decentralized Asset Creation:
Users can mint custom tokens in minutes for real-world applications like securities, collectibles, event tickets, or commodities. - Proof-of-Work (PoW) Consensus:
Uses KawPoW—an ASIC-resistant algorithm—to ensure fair mining distribution. Optimized Blockchain Parameters:
- Block time: 1 minute (vs. Bitcoin’s 10 minutes)
- Block size: Adjustable up to 2MB
- Current block reward: 2,500 RVN
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RVN Tokenomics
- Max Supply: 21 billion RVN
- Circulating Supply: ~11.6 billion (as of 2025)
- Deflationary Mechanism: Token issuers must burn RVN to create new assets, reducing overall supply.
| Parameter | Ravencoin | Bitcoin |
|--------------------|----------|----------|
| Consensus | KawPoW | SHA-256 |
| Block Time | 1 min | 10 min |
| Block Reward (2025)| 2,500 RVN| 3.125 BTC|
Development Milestones
- 2022 Ethereum Merge Impact:
Migrating ETH miners boosted Ravencoin’s hash rate by 47%. - Guardarian Partnership:
Enabled fiat-to-RVN purchases via credit/debit cards globally.
Founders
- Bruce Fenton: Ex-Morgan Stanley VP, Bitcoin Foundation alum.
- Joel Weight: CTO at Overstock.com and Medici Ventures.
- Tron Black: Serial crypto entrepreneur and lead developer.
FAQs
Q: How is Ravencoin different from Ethereum?
A: While both support tokens, Ravencoin focuses solely on asset transfers using PoW, whereas Ethereum employs PoS for smart contracts.
Q: What’s the purpose of burning RVN?
A: Burning maintains issuance rates, meets compliance needs, and generates transaction fees.
Q: Can I mine RVN with consumer hardware?
A: Yes! KawPoW favors GPU miners over ASICs.
Ravencoin merges Bitcoin’s reliability with specialized tokenization tools—ideal for developers and enterprises seeking efficient asset transfers. Its deflationary model and miner-friendly design position RVN as a unique player in the blockchain ecosystem.