Ravencoin (RVN) Creating Use Case Specific Blockchain with Democratic CommunityMarch 9, 2020
Ravencoin (RVN) is built on the fork of Bitcoin code with unique asset creation using the IPFS and messaging. Ravencoin (RVN) focuses on handling the efficient transfer and creation of assets from one party to another.
Ravencoin (RVN) focuses on creating use case specific blockchain. It started off as an experimental coin whose reference read thus: “In the fictional world of Westeros, ravens are used as messengers who carry statements of truth. Ravencoin is a use case specific blockchain designed to carry statements of truth about who owns what assets”
Ravencoin (RVN) Unique Characteristics
The unique characteristics of Ravencoin are “ASIC resistant – Uses an X16R hashing algorithm to discourage the development of ASIC hardware; Fair launch – Everyone has equal opportunity to mine or purchase RVN since day one; No pre-mine, no ICO, and no coins held for developer or founders rewards; Community Driven, and True Open Source.”
Those who are too keen about the technology side of RavenCoin will want to check the white paper, X16R algorithm paper, Markdown Version and also the development roadmap.
Sydney Ifergan, the Crypto Expert tweeted: “Ravencoin (RVN), the Proof of Work coin is built on the Bitcoin UTXO model. The facilities it provides for creating unique assets whether for game assets or art assets makes it desirable.”
RVN network is complete in itself in that it has the Mobile Wallet compatible with Mnemonic Seed, Compatibility Mode, Voting, Messaging, rewards, and therefore unique assets.
Ravencoin (RVN) No Obligations
In terms of economic value, a lot of work is yet to go for it to work for investors. One of the tweets about Ravencoin stated that the coin does not have any budget and does not employ anyone. And, also that no one owes Ravencoin anything. Ravencoin is an idea and not an entity. The tweet further expressed that all that is built is built by choice. No one owes Ravencoin anything and that Ravencoin has no obligations, employees or contracts.
In the event of a shutdown, there is no office that needs to shut down. They do not have a budget, payroll, headquarter or official meetings. They are a large network of volunteers, miners, devs, and builders.
However, Ravencoin is gaining momentum in the marketplace. The blockchain is anti-fragile and is not prone to attacks by global crisis and bad economies. RavenCoin does have halving though.
Those who love democratic community projects would sure like Ravencoin RVN and the IPFS technology.