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
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/
FAQ
We've create a FAQ which should answer some of the most common questions we see on the community chats.
