What is Ravencoin?
RavenCoin derives its name from a bird called Raven that was used to deliver statements of truth in western folklores. It is a peer-to-peer digital network used for transferring digital assets from one person to another. It is a also a Proof-of-Work currency based on a Bitcoin fork. The coin was launched on January 3, 2018, during the Bitcoin's 9th anniversary.
RavenCoin has some distinctive features that differentiates it from Bitcoin. For instance, its blocktime is one minute, has an suance schedule block reward of 5000 RVN and uses X16R mining algorithm. It is this algorithm that counters ASIC miners to prevent centralization by disrupting the hashing algorithms' ordering like is in the case with Bitcoin.
The main purpose of this coin is to enable transfer of digital assets like tokens from one individual to another. It is good to note that this coin is free from ASICs thanks to its algorithm, had a fair launch, there was no premining and is not linked up to any exchange. Users are free to ask about prices and carry out price checks.
At the moment, the most practical use the coin can be put into is enabling instant transfer of cash from one person to another anywhere in the world.
Ravencoin News And Market Price Data
- Historical Data
- US gov attorneys to target individuals and gatekeepers for crypto prosecutionsCointelegraph.com News - 10 hours agoMajor regulatory agencies plan to work harder to prosecute individuals and companies that have had dodgy dealings with digital assets. A group of high-level U.S.…
- SEC reportedly knocks back Valkyrie's leveraged Bitcoin ETFCointelegraph.com News - 12 hours agoThe SEC does not appear to have the appetite for more exotic Bitcoin futures products. Reports are emerging that the U.S. Securities and Exchange Commission…
- El Salvador buys a smokin' hot 420 more BitcoinCointelegraph.com News - 13 hours agoThe recent purchase brings the Latin American nation’s stash to about 1,120BTC. The President of El Salvador, Nayib Bukele tweeted earlier today that his government…
- Someone bought $3,400 worth of SHIB last August. It’s now worth $1.55 billionCointelegraph.com News - 13 hours agoA SHIB hodler who spent $3,400 on the memecoin last August is now a crypto billionaire from that purchase alone, with the asset gaining 94278239.8%%…
- Here’s why analysts say Bitcoin ETFs may ‘completely change the structure of the market’Cointelegraph.com News - 13 hours agoAnalysts still hold a bullish longterm view of Bitcoin price, but they also agree that the newly launched BTC ETFs are a game-changer. After reaching…
Ravencoin Frequenty Asked Questions
Where does Ravencoin (RVN) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, Ravencoin currently ranks in position 105 out of the top 1000 cryptocurrencies. Another important factor in popularity is Ravencoin‘s market capitalization – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. Ravencoin has a market cap of $ 1,117,436,043, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 1,164,786,516,029, Litecoin at $ 13,039,995,235, Ethereum at $ 497,257,995,205, Tether at $ 71,554,122,784, and XRP at $ 50,204,486,786.
What is the price of Ravencoin (RVN) today (updated in realtime)?
The current price of Ravencoin is $ 0.111633 in USD. (The price in Euros is 0,096207 €; and the price in Bitcoin is Ƀ 0.00000181 BTC.)
How has Ravencoin (RVN) performed recently?
Ravencoin‘s price has increased in the last 24 hours by 3.78%. The change in price over the last seven days was -0.38%. The trading volume over the last 24 hours was $ 63,702,157. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds, and it is considered a good indicator of popular interest in the currency.
What is Ravencoin‘s (RVN) market supply?
The total circulating (available) supply of Ravencoin is 9,963,270,000 RVN. The total supply of Ravencoin is 21,000,000,000 RVN.
What is the 24 hour volume for Ravencoin (RVN)?
The 24 hour volume of Ravencoin is $ 63,702,157.
What is Ravencoin (RVN) official website?
Ravencoin‘s official website, social accounts, blockchain explorer, and Github repository if applicable.
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