Ravencoin (RVN) is a blockchain platform that facilitates the transfer of real world assets between users. Founded in 2017 by a group of individuals, the Ravencoin platform is less focused on digital payments like many other coins, instead focusing on giving users the capacity to transfer different kinds of assets.
Ravencoin is a fork of Bitcoin code, and gives more options when it comes to launching one’s own token. The team makes a point of describing how Ravencoin is different from Bitcoin, and the resulting advantages. The network randomizes the use of 16 different mining algorithms to prevent mining centralization through the over-reliance on ASICs. Block times are one minute, as opposed to Bitcoin’s 10 minutes. This makes it easier for anyone to mine it.
Users can create assets on the network, for which some RVN tokens will have to be burnt, and there are a range of customization options available, such as whether further tokens can be issued.
Ravencoin does not possess a dedicated development team. Rather, it relies on some core developers and the community to flesh out its platform. Current development efforts focus on a rewards system that pays assets holders in RVN, a messaging system and a voting system. Recent progress includes allowing for unique assets to be created and ASIC resistance.