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[http://www.ravencoin.org Ravencoin] is an open source project built on a code fork of [https://en.bitcoin.it bitcoin] version 15.1. Ravencoin fairly launched on the 3rd of January 2018 without ICO, pre-mine or masternodes and was announced by Bruce Fenton [https://twitter.com/brucefenton/status/948682276229074945 on twitter]. Ravencoin is focused on building open-source technology and has a strong and growing [[community]]. Ravencoin aims to implement simple issuance and management of tradable [[Guides#Everything_about_Ravencoin_Assets | assets]] on a blockchain. To avoid centralized ASIC mining of Ravencoin the developers created a new algorithm, [https://ravencoin.org/wp-content/uploads/2018/03/X16R-Whitepaper.pdf X16R]. What makes X16R unique is the changing order of 16 hashing algorithms based on the hash of the previous block. This random reordering of hashing algorithms makes it reasonably resistant to ASIC development. The developers have also stated they are committed to keeping it ASIC free and can easily alter the algorithm if an ASIC is developed. The core team has produced a roadmap with a [[Development | development plan of 7 phases]]. A more detailed timeline is available [https://ravencoin.org/project-timeline/ here]. [https://github.com/RavenProject/Ravencoin/blob/master/roadmap/README.md The roadmap] for the code development was published on the project's [https://github.com/RavenProject/ github] on the 3rd of April 2018. [https://ravencoin.org/Ravencoin.pdf The white paper describing the background and intention of the project] was published on the same date on Ravencoin.org and Bruce Fenton 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 was funded by [http://www.mediciventures.com/ Medici Ventures] who are owned by [https://www.overstock.com/about Overstock.com] - Patrick Byrne, the CEO of Overstock talks [http://uk.businessinsider.com/bitcoin-pioneer-overstock-ceo-explains-long-standing-crypto-play-ravencoin-2018-2 about Ravencoin in this BusinessInsider interview.]