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A more detailed explanation of the algorithm can be found The developers have produced a [https://ravencoin.org/wp-content/uploads/2018/01/X16R-Whitepaper-3.pdf herepaper explaining x16r].
More detail of the project can be found on the 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.
→About RavenCoin
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.
A video of the first RavenCoin Dev meet up (mid Feb 2018) is available [https://youtu.be/kT5s3KC9Ho4 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 [http://uk.businessinsider.com/bitcoin-pioneer-overstock-ceo-explains-long-standing-crypto-play-ravencoin-2018-2 about RavenCoin herein this BusinessInsider interview.]
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