Ravencoin (RVN)

$0.02

-0.79%

Explore the dynamic world of Ravencoin (RVN) with real-time charts and swift updates. Gain insights into the current state of the RVN market, master cryptocurrency trading techniques, and engage in the ever-evolving digital finance realm. Stay updated on the factors influencing RVN's price through extensive news coverage and sharp market insights.

Ravencoin (RVN) Price Real Time-Data

The live price of Ravencoin (RVN) is $0.02 with a 24-hour trading volume of $14.34M. Its 24-hour peak value is $0.022, and its 24-hour low is $0.02. The current circulating supply is 14.63B RVN, out of a maximum of 21B RVN, leading to a fully diluted market capitalization of $304.1M. The Ravencoin (RVN) to USD price is updated in real-time.

What is Ravencoin (RVN)?

Ravencoin is a peer-to-peer network created to facilitate efficient asset transfers. Launched on Jan 3, 2018, following a fair launch model (no premine, ICO, or masternodes), it operates on a blockchain derived from Bitcoin's code. Unique features include a one-minute block time, a 21 billion coin supply cap, and the KAWPOW mining algorithm, enhancing security and decentralization.

Learn more about Ravencoin (RVN)

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FAQ

Who are the founders of Ravencoin (RVN)?

Ravencoin's whitepaper was authored by Bruce Fenton, Tron Black, and Joel Weight. Each founder brings significant business and development experience to the project. Fenton served as a Bitcoin Foundation executive, Black is a seasoned software developer, and Weight is the CTO of Overstock.com.

How many Ravencoin (RVN) are there?

Ravencoin has a capped supply of 21 billion coins, with a fair and open distribution – no pre-mine or ICO. As of March 2021, 39% of coins have been mined. The network is secured by the KAWPOW proof-of-work mining algorithm, ensuring fairness and resistance to ASIC mining.

What are the potential use cases for Ravencoin (RVN)?

Ravencoin addresses the challenge of secure asset transfer and trading on the blockchain. RVN, the internal network currency, is burned to issue token assets on Ravenchain, representing real-world assets, virtual goods, shares, or even an individual's hourly wage. Future protocol versions will support integrated messaging and voting systems.

What is the history of Ravencoin (RVN)?

Launched on Oct 31, 2017, and binaries released on Jan 3, 2018, Ravencoin emerged as a unique blockchain based on Bitcoin's code. The switch to the KAWPOW mining algorithm in May 2020 aimed to ensure ASIC resistance. Despite a successful hack in June 2020, Ravencoin's commitment to fair distribution and security measures reinforces its resilience in the cryptocurrency space.