Ravencoin Wiki
Welcome to the RavenCoin Wiki
Contents
About RavenCoin
RavenCoin RavenCoin.org is an open source project built on a fork of bitcoin. It was launched on the 3rd of January 2018. A fair launch with no pre-mine. Announced on twitter: https://twitter.com/brucefenton/status/948682276229074945
It's a truly open source project, no pre-mine, no ICO, no masternodes, focused on building a useful technology, with a strong and growing community.
The coin aims to implement a blockchain which is optimized specifically for the use case of transferring assets such as tokens from one holder to another.
To avoid centralized ASIC mining of RavenCoin the developers created a new algorithm, x16r. What makes this algorithm unique is the order of the 16 hashing algorithms is constantly changed based on the hash of the previous block.
This randomness of hashing algorithms makes it reasonably resistant to ASIC development. The developers have stated they are committed to keeping it ASIC free and can easily alter the algorithm if an ASIC is developed.
The developers have produced a paper explaining x16r, and the RavenCoin medium post explains some of the early reasons for creating RavenCoin and what it hopes to achieve.
At the time of launch, the core team is funded by Medici Ventures who are owned by Overstock.com - the CEO of Overstock can be seen talking about RavenCoin in this BusinessInsider interview.
Block Time: 1 minute
Block Reward: 5000 RVN
Total Coin Supply: 21 Billion
More thoughts about the background and future of Raven in The Fenton Files
The video below is the first RavenCoin Dev meet up (mid Feb 2018) which discusses the coin and development focus.
Contents
Mining RavenCoin
Read Getting Started - comprehensive article on virtopia.ca
- Download the wallet from github, install and get a receiving address
- Select a pool from the Pools list
- Download the GPU miner from github, unzip, and edit the batch file to include the pool you want to mine on and put your wallet address in the start up script....run the batch file.
(Early miner was only available for Nvidia GPUs - AMD miners now available but still being tested at time of writing 6 Mar 2018, see 2nd BitsBeTripping YouTube link below)
More information:
RavenCoin Youtube playlist by Crypto Explorer how to get started and beyond with RavenCoin
BitsBeTripping - So what is x16r Algo, how can you mine it? Ravencoin Deep Dive
BitsBeTripping - SGMiner for x16r RavenCoin RVN - Testing a RX Vega 64
Other useful stuff
People on twitter: Raven Twitter
RavenCoin in the media: RavenCoin Media
Get your Raven t-shirt: https://shop.spreadshirt.com/ravenswag/
Kawwwoin coming soon - a RavenCoin only exchange.
FAQ
We've created a FAQ which should answer some of the most common questions we see on the community chats.
The Fenton Files
The Fenton Files - capturing a few of Bruces' and the other Developers comments about the RavenCoin Project
If you'd like to help edit here, please register and then chat with mapple#3283 on discord, looking for members of the community with some good history.
