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Ravencoin is peer to peer cryptocurrency built for the creation and transferring of any kind of digital assets which also, can be used to instant global payments. Ravencoin was forked from the Bitcoin, and it helps to bring the Bitcoin blockchain like security.

Ravencoin is no founders and a specified team which means anyone can contribute the Ravencoin code and Ravencoin consists of no pre-mine, no ICO, and no coins held for developer or founder’s rewards.

Currently, there are so many cryptocurrency projects can be used to the creation and transferring assets such as Ethereum ERC 20 protocol, Bitcoin Omni layer. Those cryptocurrency platforms do not specifically build for creation and transferring assets where these are design various functions such as smart contracts, dapps, etc.

In this case, Ravencoin protocol primarily develops for creation, and transferring assets one party to another with Bitcoin blockchain like security.   

There are 8 development phases in road map currently, it is completed phase 1 (Basic Ravencoin development), phase 2(Assets), and phase 4( unique assets). Still, the rest of the phase have come including rewards, messaging, voting, compatibility mode, and mobile wallet compatible with a mnemonic phrase.

Key differences between Ravencoin and Bitcoin

Both Bitcoin and Ravencoin consist of proof of work mining but major key difference is the hashing algorithm. Bitcoin uses SHA 256 hashing algorithm which is not ASIC resistant, probably it has a great opportunity to go mining centralization.

Ravencoin uses the x16R hashing algorithm which is ASIC resistant and its ensure the centralized mining. If the ever produced the ASIC miner for Ravencoin will change the hashing algorithm.

Bitcoin first block reward was 50 Bitcoin and Ravenoin first block reward was 5200RVN coins and also, Ravencoin block time is 1 minute far lower than the Bitcoin block time which about 10 average minutes.

Bitcoin supply is 21 million and Ravencoin supply is 21 billion ever created.

Ravencoin assets

Ravencoin issuer’s token name is guaranteed unique and owner of the token project will be the first creator of the particular token project.  A token issuer should spend the RVN in order to create the new token project where these spend RVN will be burned.

These tokens can be created in GUI wallet which provides intuitive token management such as issuing, checking current balance, and transferring the tokens to the other parties.

Rewards enable payment via RVN coin who is holding the share of any new token project. This helps to send dividends, dividend payments, etc.

As an example, X company issues X token for the shareholders. When a company is get profited, X token holders will receive the dividend of profit payments via the RVN coin.

Ravencoin allows creating any kind of assets such as project share, virtual goods, physical and digital assets, credits.

Is it worth to invest in Ravencoin – 5 simple tips

• An active open-source community which consists of over 500 contributors and 16,000 Git commits
• No pre-mine, no ICO or and no coins held for developer or founder’s rewards
• Majority of road map phases have completed
• Unique decentralized, censorship-resistant tokenized assets platform
• Top investors involve including the Overstock and Medici Ventures

Best Ravencoin wallets

There are a lot of wallets to store, receive, and send Ravencoin and creation of the custom assets. I will show you the best Ravencoin wallets currently available.

Ravencoin has developed iOS, Android, Windows, Linux, and macOS users. You can download these wallets from the official Ravencoin website.

If you want to create the custom asset tokens, transferring the asset tokens etc, you should use the official Ravencoin wallet otherwise you can use the third-party wallets listed below.

Also, I recommend you to store your RVN in official Ravencoin wallets but if you have multiple coins you can choose RVN coin supported third party wallet.

Best third party Ravencoin wallets

Here are the 5 best and trusted third party wallets which support the RVN coin.

Trezor

Trezor is a hardware wallet which owns two models such as Trezor One and Trezor Model T both supports the Ravencoin. I recommend buying Trezor wallet if you can afford the price. Still, Ledger wallet does not support the Ravencoin. If you would like to learn more about the Trezor, refer Trezor Model T review

Exodus

Exodus is leading cryptocurrency wallet available both desktop and mobile. Exodus consists of many features such as wallets backup and recovery, built-in exchange, multicurrency support, an intuitive user interface.

Atomic

Atomic is universal, anonymous, decentralized and secure wallet which supports Ravencoin, Bitcoin, Ethereum, ERC 20, BEP 2 tokens. Atomic is a multiplatform wallet available for Windows, Ubuntu, macOS, Debian, Fedora, Android, and iOS.

Trustwallet

Trustwallet is mobile wallet available both Android and iOS which is the Binance’s official wallet. Which supports many cryptocurrencies such as Ravencoin, Bitcoin, Ethereum, ERC 20 tokens, and BEP2 tokens.

Zelcore

Zelcore is a multiplatform supported cryptocurrency wallet which supports Ravencoin as well as Ravencoin assets.

If you are looking to buy Ravencoin, refer How to buy Ravencoin

Disclaimer, please do your own research before making any investment and this is not investment advice.