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RavenCoin Ravencoin [http://www.ravencoin.org RavenCoinRavencoin.org] is an open source project built on a fork of bitcoin. It was launched on the 3rd of January 2018. A fair launch with no pre-mine. Announced on twitter by Bruce Fenton here: [https://twitter.com/brucefenton/status/948682276229074945 https://twitter.com/brucefenton/status/948682276229074945]
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.
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 have produced a [https://ravencoin.org/wp-content/uploads/2018/01/X16R-Whitepaper-3.pdf paper explaining x16r], and the [https://medium.com/@ravencoin/ravencoin-4683cd00f83c RavenCoin Ravencoin medium post] explains some of the early reasons for creating RavenCoin 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 Ravencoin in this BusinessInsider interview.]
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