0.60%

Market Change

$2 056 782 855 085.94

Total Market Cap

$395 159 818 668.63

Total Volume

15098

Cryptocurrencies

100 GWEI

104 GWEI

122 GWEI

Ethereum gas price

50.48%

BTC Dominance


Ravencoin (RVN)
Ravencoin

RVN -0.25%

24h Change

$1 600 170 717.36

Market Cap

$166 908 405.49

24h Volume

$0.1833

Current Price

Tech Specs

Last historical data: 2021-01-22T08:14:05.000Z

Decimal places: 0

Algorithm: x16r

Prooftype: N/A

Country origin:

Genesis date: 2018-01-03

Liquidity score: 43.861

Publi interest score: 0.009

Community score: 39.679

Developer score: 70.555

Coingecko score: 48.942

Market cap rank: 118

Coingecko rank: 57

Alexa rank: 226414

Bing matches: 0

Ravencoin (RVN)

Ravencoin is a blockchain specifically dedicated to the creation and peer-to-peer transfer of assets.

Just as Monero is solely focused on privacy, Ravencoin specializes in asset transfer – nothing more, nothing less.

Although you can exchange assets over other blockchains, like Bitcoin and Ethereum, that’s not their intended purpose.

And the lack of specialization leads to problems that are specific to transferring assets.

Ravencoin enables you to create and trade any real-world (e.g., gold bars, land deeds) or digital (e.g., gaming items, software licenses) assets on a network with only that in mind. Ravencoin doesn’t have an established team.

It’s an open-source project led by the core developers: RavoncoinDev, Tron, and Chatturga (discord usernames).

Bruce Fenton, Board Member of The Bitcoin Foundation, advises the team.

The core developers launched Ravencoin on January 3rd, 2018 and Fenton kicked off the launch with a Tweet announcing the start of mining.

The project gained some notoriety when Overstock CEO Patrick Byrne announced that his company had made a multi-million dollar investment into the team.

Since then, the team has been building out the core functionality of asset support and rewards capabilities. The release of the Ravencoin mainnet and increase in activity on the platform should help the price.

Any news of notable companies or financial institutions utilizing the platform should also have a positive effect.

Ravencoin offers just one thing: tokenized asset transfer.

And that singular focus isn’t a bad thing.

When projects attempt to solve a bunch of problems at once, they often create a bunch of half-baked solutions.

Ravencoin is avoiding that.

As a young project with seemingly endless competition, it’s difficult to predict how successful Ravencoin will be.

An active community and backing from one of the most respected names in online retail are positive indicators, though.

There’s a clear trend toward the tokenization of all types of assets.

However, we have yet to see whether or not Ravencoin will be leading that change.

The Ravencoin project aims to provide an improved system for asset transfer in order to be a starting point for new projects.

The RVN asset tokens run on the Ravencoin blockchain which is based upon a fork of Bitcoin.