Introduction to Ravencoin (RVN)
Ravencoin (RVN) is a cryptocurrency and digital asset designed for peer-to-peer asset transfers. Built as a fork of Bitcoin's code, RVN launched on January 3, 2018 as a completely open-source project with no ICO or masternodes.
Current RVN Market Data (Live Updates)
- Price: $0.0256 (subject to market fluctuations)
- 24h Trading Volume: $31.7 million
- Market Cap: $128.8 million (Rank #42 among cryptocurrencies)
- Circulating Supply: 5 billion RVN
- Max Supply: 21 billion RVN
- Exchanges: Listed on 24 exchanges with 69 active markets
- Most Active Exchange: Binance
Key Features of Ravencoin
Specialized Blockchain Design
RVN focuses on optimizing blockchain technology for one specific function: transferring assets between parties. The platform emphasizes:
- Decentralized asset creation and transfer
- ASIC-resistant mining algorithm
- Community-driven development
- Open-source transparency
Technical Specifications
| Parameter | Detail |
|---|---|
| Algorithm | X16R (ASIC-resistant) |
| Consensus | Proof-of-Work (PoW) |
| Launch Date | January 14, 2018 |
| Block Explorer | ravencoin.network |
👉 Discover how Ravencoin compares to other top cryptocurrencies
The Ravencoin Ecosystem
X16R Mining Algorithm
Unlike Bitcoin's fixed SHA-256 algorithm, RVN uses a variable-order hashing mechanism:
- Dynamically changes algorithm sequence based on previous block hash
- Prevents ASIC mining dominance
- Promotes decentralized mining participation
Asset Transfer Capabilities
RVN's blockchain is specifically optimized for:
- Tokenized asset creation
- Secure peer-to-peer transfers
- Transparent ownership records
- Custom asset rules enforcement
Where to Buy and Trade RVN
Top Exchanges Listing RVN
- Binance (highest liquidity)
- OKX
- KuCoin
- Gate.io
- Huobi Global
👉 Start trading RVN with low fees on a secure platform
Storage Options
- Official Ravencoin wallet
- Hardware wallets (Ledger, Trezor)
- Mobile wallets (Trust Wallet, Coinomi)
Ravencoin Tokenomics
Supply Details
| Metric | Amount |
|---|---|
| Circulating Supply | 5 billion RVN |
| Total Supply | 3.8 billion RVN |
| Max Supply | 21 billion RVN |
Note: The gradual release schedule prevents market flooding
Frequently Asked Questions
Is Ravencoin a good investment?
Like all cryptocurrencies, RVN carries investment risks. However, its specialized use case and active development make it an interesting project in the blockchain space. Always do your own research before investing.
How does RVN differ from Bitcoin?
While both use PoW consensus, RVN features:
- ASIC-resistant mining
- Asset transfer focus
- Higher max supply
- Different hashing algorithm
Where can I learn more about Ravencoin development?
The official community maintains active discussions on:
- GitHub repositories
- Ravencoin Discord
- Twitter @Ravencoin
Can I mine RVN with consumer hardware?
Yes! The X16R algorithm allows profitable mining with GPUs. You'll need:
- Modern graphics card
- Mining software
- RVN wallet address
- Mining pool membership
Future of Ravencoin
The RVN development roadmap includes:
- Enhanced asset issuance features
- Improved mobile wallet experience
- DeFi integration possibilities
- Cross-chain compatibility solutions
As blockchain adoption grows, Ravencoin's specialized asset transfer capabilities position it uniquely in the cryptocurrency ecosystem.