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[http://www.ravencoin.org Ravencoin] is an open source project built on a fork of [https://en.bitcoin.it bitcoin].
It was launched on the 3rd of January 2018. A fair launch with no pre-mine. Announced by Bruce Fenton [https://twitter.com/brucefenton/status/948682276229074945 on twitter]. 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]].
A selection of thoughts from Bruce, and the core team, about the background and future direction for Ravencoin is available in '''[[The Fenton Files]]'''
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.
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 core team have produced a [https://ravencoin.org/wp-content/uploads/2018/01/X16R-Whitepaper-3.pdf paper explaining x16r], and a [https://cdn.knightlab.com/libs/timeline3/latest/embed/index.html?source=1NKsWx5sSG90GjbbwZaOav6D_bAOdnlBjPBAjJtZzXr4&font=Default&lang=en&initial_zoom=2&height=650 timeline] showing events pre and post launch.
