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Ravencoin (RVN)

Price
$0.03
0.0000021 BTC Buy
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About Ravencoin
https://ravencoin.org
Overview

Ravencoin is a fork of Bitcoin that focuses on the ability to issue new assets.

Background

Ravencoin was created with the intention of being able to transfer unique assets to one another in a simplified manner. Although with Bitcoin, being able to transfer assets/information through an actual transfer of Bitcoin is permitted, existing Bitcoin nodes are unaware that assets are embedded in the message. This also means that actual Bitcoin must be sent for every asset transaction and there could be cases where the receiving party is unaware of the asset. This makes the asset susceptible to the receiving party accidentally sending those Bitcoins to another wallet and ultimately end up losing those assets. Ethereum, on the other hand, does allow the transfer of assets but is unable to differentiate between assets of the same unique name. Ravencoin's intention is to create a bitcoin-like system that is fully asset aware.

Technology

Ravencoin is an experimental digital currency that enables instant payments to anyone, anywhere in the world. Ravencoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network.

Governance

The Ravencoin protocol utilizes the BIP9 consensus rules for governance in situations where forks may occur or upgrades are needed.

Content provided by: Messari

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