Ravencoin (RVN) Price Today

Over the years, thousands of new projects have been launched in the cryptocurrency space, many of which were essentially new packaging for an aspect of blockchain technology and promoting it among users. But sometimes projects come to the fore that aim to address the needs of ordinary users. Ravencoin is one such project.

Many aspects differentiate Ravencoin from its competitors from a technical point of view, but users should not overlook its financial characteristics.

How Ravencoin works

The RVN coin is a fork of Bitcoin, which means that the code of the main cryptocurrency was used to create it. At the same time, the developers took care of the distinctive features and even set themselves a global goal. We are talking about maximizing the real application cases of blockchain. In other words, to make the technology accessible and every day for ordinary people.

The coin is named after a raven: Game of Thrones was the inspiration for the programmers here. In the series, this proud bird brings the truth. Ravencoin will also be on guard of truth: in its case, the blockchain will confirm the fact of ownership of a certain asset.

The technical differences of the raven cryptocurrency include:

  • KawPow mining algorithm.

  • The time to generate a unit chain is 1 minute.

  • The volume is from 1 MB. But the cryptosystem can scale and increase it to any desired size.

  • The reward for a block is 5,000 coins.

  • The cryptocurrency blockchain has a mechanism of halving, as in the bitcoin system.

  • The issue is 21 billion coins.

  • High speed of transactions.

In addition to standard cryptocurrencies, which are interchangeable, Ravencoin is also used to develop non-interchangeable tokens (NFT).

Who created Ravencoin

The presentation of the altcoin took place in November 2017. Already 3 months later, with the support of Medici Ventures (a subsidiary of Overstock Holding), the project raven coin crypto was launched together with the coin RVN.

For fairer and more democratic access, the startup did not pre-sell or mine its tokens. There was no ICO and no active advertising. Even for developers, consultants, Medici Ventures staff, or other early participants in the project, no compensation was provided.

The project does not have a team of full-time programmers. The main research and development are done by a team of like-minded people. Among them are some famous people:

  • Bruce Fenton is the founder of the project. He was the first to propose the idea describing the principles of the crypto Ravencoin.

  • Tron Black is a leading crypto developer.

  • RavoncoinDev and Chatturga are programmers. People are non-public, the nicknames are taken from their Discord accounts.

Next, the currency required a period of promotion. Businessmen and investors were involved. For example, Overshot CEO Patrick Byrne confirmed that he had made a multimillion-dollar investment in the current team.

RVN Price

Raven price today is offered for no more than a few cents. At the same time, the cryptocurrency is in the top 50 world ranking of coins. The capitalization of the project is equivalent to 203 million dollars. There are 3.55 billion coins in circulation and the maximum volume is limited to 21 billion - all this makes RVN crypto attractive to investors.

If you look at the ravencoin price chart of any exchange, you can see that the raven coin price is gradually increasing - minor drops are compensated by significant growth. For this reason, we advise not to overlook this coin.

RVN Price

Raven price today is offered for no more than a few cents. At the same time, the cryptocurrency is in the top 50 world ranking of coins. The capitalization of the project is equivalent to 203 million dollars. There are 3.55 billion coins in circulation and the maximum volume is limited to 21 billion - all this makes RVN crypto attractive to investors.

If you look at the ravencoin price chart of any exchange, you can see that the raven coin price is gradually increasing - minor drops are compensated by significant growth. For this reason, we advise not to overlook this coin.

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