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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 developers core team have produced a [https://ravencoin.org/wp-content/uploads/2018/01/X16R-Whitepaper-3.pdf paper explaining x16r], and the 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. 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.
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.]
