Ravencoin Wiki
Welcome to the RavenCoin Wiki
About RavenCoin
RavenCoin is an open source project built on a fork of the bitcoin code. RavenCoin 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 that 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. A more detailed explanation of the algorithm can be found here
The official website is RavenCoin.org
RavenCoin 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 ICO, no masternodes, focused on building a useful technology, with a strong and growing community.
A video of the first RavenCoin Dev meet up (mid Feb 2018) is available here
At the time of launch, the core team is funded via a subsidiary of Overstock.com - the CEO of Overstock can be seen talking about RavenCoin here.
Block Time: 1 minute
Block Reward: 5000 RVN
Total Coin Supply: 21 Billion
If you want to get involved and help the project. Bruce published this information on Telegram on the 28th Feb 2018:
Some additional ways to help Project Ravencoin and the Ravencoin network.
- Download the executables from GitHub for your OS (located in the binaries section) and run Raven-qt.exe
- by running the Raven-at.exe wallet on every PC you own you automatically help strengthen the network
- join a pool and actively mine - this is especially effective if you have a powerful system with a gpu (so far Nvida)
- if you know a developer ask them to consider contributing to GitHub https://github.com/RavenProject/Ravencoin there will be more and more need for dev help as we go
- talk about code, utility, building stuff and plans more than other external factors
- if you know others interested in open source projects, maybe they will download the wallet, mine or contribute
- share or post links to ravencoin.org and the twitter ravencoin
- review bounties and work to complete some
- support the community bounties
- build independent apps on top of this chain (nearly everything that can or has been developed for Bitcoin from wallets to second layer projects to paper wallet generators can be implemented on the Ravencoin chain relatively easily) immediate advantages of this chain: low cost, fast 1 minute blocks, asic resistant, widely distributed
- keep active in the community, share ideas, communicate and follow the project's evolution
- read the Cypherpunk Manifesto
- learn about tokenization of securities and protocols which move things value using blockchains
- share what you learn with others: make posts, blogs, videos and tutorials
This project belongs to you. There is no owner, there is no premine, no ICO, no special founders tokens sale or presale, there is no controller. It's yours...the early members of the community and others who join. We make from it what we put in.
The Inuit, Tlinglit, Tahitian, Chukchi, Sioux and the Haida among others call Raven the magical keeper of secrets, the trickster, friend of the First Men and Creator of the World. An idea or force able to shift, change and create something from nothing. In open source the power of the crowd can do amazing things. Look at what we have accomplished in less than 60 short days: a fairly issued, widely distributed coin with a very solid network and code bass.
This is your coin, whatever you put into it is what it becomes. This will be fun.
Community
Trading RavenCoin
RavenCoin is not currently listed on any Exchanges. Buy and Sell offers can be placed on the trading channel of Discord. There are trusted community members available to act as escrow. Please read the safety guide and remember your coins are your responsibility.
Mining RavenCoin
- 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.
More information:
Getting Started - comprehensive article on virtopia.ca
BitsBeTripping - So what is x16r Algo, how can you mine it? Ravencoin Deep Dive
Other useful stuff
People on twitter: Raven Twitter
RavenCoin in the media: RavenCoin Media
Get your Raven t-shirt: https://shop.spreadshirt.com/ravenswag/
