Introduction

Ravencoin is a blockchain and platform optimized for transferring assets, such as tokens, from one holder to another. Based on the extensive development and testing of the UTXO model of the Bitcoin protocol, Ravencoin is built on a fork of the Bitcoin code.

Key changes include a block reward time of one minute, a change in the number of coins issued, but not the weighted distribution schedule and the addition of asset creation and messaging capabilities. Ravencoin is free and open source.

All Ravencoin (RVN) are fairly issued and mined publicly and transparently using Proof of Work (POW) using the x16r algorithm which was created for Ravencoin. There is no private, public, founder, or developer allocation set aside. Ravencoin is intended to prioritize security, user control, privacy, and censorship resistance. It is open to use and development in any jurisdiction, while allowing simple additional features for users based on need.

Ravencoin is a protocol based on a fork of the Bitcoin code which adds features specifically focused on allowing tokens to be issued on the Ravencoin blockchain. These tokens can have whatever properties the issue of the token decides - so they can be limited in quantity, named and be issued as securities or as collectibles.

You can make your own security token within minutes and have it trade worldwide.

What Makes Ravencoin Different from Bitcoin?

• Block reward of 5,000 RVN instead of 50 BTC.

• Block time of 1 minute instead of 10.

• Total coin supply of 21 billion instead of 21 million.

• A new mining algorithm, KAWPOW which allows for more decentralized mining.

• Addition of Asset & Sub-asset issuance, transfer, unique assets, and rewards.

• Future addition of messaging and voting.

Ravencoin was announced on October 31, 2017 and released binaries for mining on Jan 3, 2018, the respective ninth anniversary of the announcement and launch of Bitcoin. Ravencoin is the bitcoin-like system that will allow users to issue and integrate assets into its blockchain. This will be accomplished in phases which build upon each other.

Create a platform like Bitcoin with a new mining algorithm, x16r, intended to prevent immediate dominance by mining pools, and future dominance by ASIC mining equipment.

Launch the token with no pre-mine and a fair launch to widely distribute the tokens.

Allow the mining rate to increase and the value of the RVN token to naturally grow and gradually disburse to holders that understand the value of the platform.

Utilize proof of work mining, not because it burns a scarce resource of electricity, or the requirement of computer hardware, but instead focuses on the most valuable part of the "work" which is building an ever-larger and time-based wall that protects user data from future tampering and censorship with every new layer.

Ravencoin is a platform coin built on the UTXO model of Bitcoin. Modifying Bitcoin code to add these capabilities is not practical, but Ravencoin is a platform built from a code fork and issuing newly mined RVN. Ravencoin will be adding assets, rewards, unique assets, messaging, and voting.

The Raven protocol’s capabilities will be rolled out in phases which will be done as a planned hard fork upgrade. The code base is designed allow users and developers to maintain a secure, decentralized, and tamper resistant network.

The Ravencoin project can also serve as a base and starting point for projects, second layer solutions, experiments, and business ideas which might benefit from either the Bitcoin-based code base with adjustments or the native additional features added to the Ravencoin blockchain.

Tracking RavenCoin