Ravencoin is a protocol based on a fork of the Bitcoin code which adds features specifically focused on allowing tokens to be issued on the Ravencoin blockchain. These tokens can have whatever properties the issue of the token decides - so they can be limited in quantity, named, and be issued as securities or as collectibles. Ravencoin is a digital peer-to-peer network that aims to implement a use case-specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another. Built on a fork of the Bitcoin code, Ravencoin was launched on January 3rd, 2018, and is a truly open source project (no ICO or masternodes). It focuses on building a useful technology, with a strong and growing community. The Ravencoin project is launched based on the hard work and continuous effort of over 400 Bitcoin developers who made over 14,000 commits over the life to date of the Bitcoin project.
Features
- Block reward of 5,000 RVN
- Block time of 1 minute
- A new mining algorithm, KAWPOW which allows for more decentralized mining
- Addition of Asset & Sub-asset issuance, transfer, unique assets, and rewards
- Total coin supply of 21 billion
- Creation and transfer of assets from one party to another