What is Ravencoin (RVN)?
Ravencoin is a decentralized open-source cryptocurrency that aims to enable users to perform almost instantaneous transactions.
Its name is inspired by the fictional world of Westeros from the Game of Thrones books, where crows are used as messengers carrying statements of truth. As such, it is a project to transfer values or messages about the trust and truth of the blockchain.
It grew out of a Bitcoin fork, works through the KAWPOW proof-of-work algorithm today, but in the past it used X16R and X16Rv2 algorithms, these algorithm changes were what made Ravencoin resilient to mining by ASICs.
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How to buy Ravencoin
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On the screen with your balance, go to the shortcut “Quick Buy Crypto” and choose the currency you want to buy
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FAQ: Frequent asked questions about Ravencoin (RVN)
What is Ravencoin for?
Ravencoin is a decentralized open-source cryptocurrency that aims to enable users to perform almost instantaneous transactions. Ravencoin works by grouping transactions into blocks of data and then cryptographically binding the blocks. The blockchain is stored on a decentralized network of nodes and distributed as peer-to-peer shared files. A Ravecoin transaction only takes one block time, so it takes less than a minute, however 6 to 100 blocks are required for irreversibility, so the secure transaction time is 6 to 100 minutes. So the transaction will be considered immutable in the blockchain.
How many Ravencoin are there?
RVN's maximum supply is 21 billion units, currently at 9.85 billion units circulating on the market, which have been issued since its creation. It's worth mentioning that Ravencoin seeks to be an open and fair cryptocurrency, so there was no pre-mining, pre-sale, ICO, and no unity for the founders and developers.
How to buy Ravencoin?
You can buy Ravencoin (RVN) at any exchange that owns the currency. Monnos is a Cryptobank with a large amount of cryptos available for trading, with more than 70 assets listed in our market. The cryptocurrency purchase process was made for those who do not yet have experience in this market and who wish to position themselves in crypto.
Is it possible to mine Ravencoin?
As Ravencoin is possible to mine using home computers using GPUs, and because of the resilience to miners who use ASICs, not allowing miners or organizations with large mining power to participate, today it is one of the assets that have a higher mining return in relation to Most mineable cryptocurrencies, in addition to Ethereum's migration from PoW to PoS (Proof-of-Stake), miners are looking for alternatives to harness the mining power of their machines.