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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.
The [https://medium.com/@ravencoin/ravencoin-4683cd00f83c Ravencoin medium post] explains some of the early reasons for creating Ravencoin and what it hopes to achieve.
[https://github.com/RavenProject/Ravencoin/blob/master/roadmap/README.md The roadmap] for the code development was published on the projects [https://github.com/RavenProject/ github] on the 3rd April 2018.
A whitepaper type document describing the background and intention of the project was published on the same date on Ravencoin.org [https://ravencoin.org/Ravencoin.pdf here] and Bruce posted a [https://twitter.com/brucefenton/status/981564543749971968?s=19 Twitter thread] summarizing some key points of the whitepaper and growth of the project to date.
At the time of launch, the core team is funded by [http://www.mediciventures.com/ Medici Ventures] who are owned by [https://www.overstock.com/about Overstock.com] - the CEO of Overstock can be seen talking [http://uk.businessinsider.com/bitcoin-pioneer-overstock-ceo-explains-long-standing-crypto-play-ravencoin-2018-2 about Ravencoin in this BusinessInsider interview.]
