Ravencoin (RVN) is a digital peer-to-peer network that enables the efficient transfer of assets from one party to another. It's built on a fork of the Bitcoin code and was announced on October 31, 2017, with binaries for mining released on January 3, 2018 ¹. The founders, Bruce Fenton, Tron Black, and Joel Weight, aimed to create a blockchain specifically designed for asset transfer and trading.$RVN
*Key Features:*
- _Block Reward:_ 5,000 RVN, significantly higher than Bitcoin's 50 BTC ¹ ²
- _Block Time:_ 1 minute, much faster than Bitcoin's 10 minutes ¹ ²
- _Total Coin Supply:_ 21 billion, a thousand times more than Bitcoin's 21 million ¹ ²
- _Mining Algorithm:_ KAWPOW, designed to mitigate centralization and allow for more decentralized mining ¹ ²
*Use Cases:*
- _Asset Transfer:_ Efficiently transfer assets, such as securities, tokens, and virtual goods ¹ ²
- _Token Creation:_ Easily create custom tokens with unique properties ¹ ²
- _Decentralized Trading:_ Trade assets and tokens on the Ravencoin blockchain ¹ ²
*Current Status:*
As of today, the live Ravencoin price is $0.016815 USD, with a 24-hour trading volume of $5,395,499 USD, and a market cap of $241,520,678 USD ¹. You can buy Ravencoin on various exchanges, including Binance, Huobi Global, and OKEx ¹.
Would you like to know more about Ravencoin's potential use cases or its position in the cryptocurrency market?