Home Finance News Ravencoin (RNV) is not Joking They are Real Deals DYOR

Ravencoin (RNV) is not Joking They are Real Deals DYOR

Ravencoin

Ravencoin is a code fork of Bitcoin with a fair launch having the consensus of proof of work mined chain with an asset-aware protocol that permits users to create and manage unique digital assets efficiently. That’s it.

You don’t need to make proposals or talk to people or receive permission to build on Ravencoin. There is no central office, no leaders, no official organization or executives. It’s open-source software that’s been given away for free; now it’s yours. Go build. Bitcoin was an incredible game-changer; Ravencoin will be an incredible revolution.

Decentralization is critical in crypto projects. This can’t be underestimated. It’s not just a better structure legally and economically to avoid presales etc. It’s also clearly the best practice & one of the core values of the entire industry. In this respect, Ravencoin is very strong.

Ravencoin doesn’t need smart contracts to create a token. That means no new code to audit. It means a much simpler, quick, elegant, secure, predictable, proven, fair, and uniform manner to create a token. Simple. Easy. Right from the wallet.

Some smart contracts are not smart. Ironically, as Ravencoin succeeds in attracting new projects, it will also attract bad projects and scams. This is inevitable for any successful protocol. Best to focus on the underlying tech – support good projects, view all projects with healthy skepticism & educate others.

The technology that is being built for Bitcoin, such as the Lightning Network, is compatible with Ravencoin and can be adapted for this chain and assets. This is one key advantage of open source and Ravencoin being a code fork of Bitcoin.

If you look at what makes something decentralized geographically disbursed, no ASIC farms, anyone can competitively mine with a GPU, distributed volunteer development, no marketing, no company, etc. You’ll find that Ravencoin is very close to the end of the scale.

The money of institutions will flow into the Proof of Work coins. Proof of Work works, so you can safely store the values there. RVN is the number one GPU-PoW mining crypto in the world.

Ravencoin was designed from the ground up for one specific use case: easy creation of digital assets/ tokens. With securities and NFTs, tokens have been the killer app for Ethereum and other protocols. Ravencoin works in a different way, with no smart contracts, and at the protocol level.

Ravencoiners are not joking. They are Real Deals. They are working hard in the countries. They don’t have a leader. They follow each destiny. And the decentralized dots are connected.  Those who are new need to go and check what Ravencoin is all about.

How do you think Ravencoin ranks in terms of network attack cost? Mining profitability? Hash power & energy use equivalent adjusted for ALGO differences? How about overall market cap? Average daily volume? How does RVN rank among PoW coins with no premine? DYOR

 

 

 

Read more about:
Share on

dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

Crypto newsletter

Get the latest Crypto & Blockchain News in your inbox.

By clicking Subscribe, you agree to our Privacy Policy.