Ravencoin Wiki

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Revision as of 04:51, 5 December 2018 by Jeroz (talk | contribs) (Other (Spotted) Projects)
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Latest News: Ravencoin upgraded to version 2.1.3. When updating, make sure you have backed up your wallet.dat file. Are you unsure or do you encounter issues when upgrading, please use #helpdesk channel at Ravencoin Community Discord.

Ravencoin is an open source project built on a fork of bitcoin version 15.1.

Ravencoin fairly launched on the 3rd of January 2018 without ICO, pre-mine or masternodes announced by Bruce Fenton 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 assets on a blockchain. To avoid centralized ASIC mining of Ravencoin the developers created a new algorithm, 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 have produced a roadmap with a development plan of 7 phases. A more detailed timeline is available here.

The Ravencoin medium post explains some of the early reasons for creating Ravencoin and what it hopes to achieve.

The roadmap for the code development was published on the project's github on the 3rd of April 2018.

A whitepaper type document describing the background and intention of the project was published on the same date on Ravencoin.org and Bruce Fenton posted a 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 Medici Ventures who are owned by Overstock.com - Patrick Byrne, the CEO of Overstock talks about Ravencoin in this BusinessInsider interview.

Companies using Ravencoin since Asset launch (Nov 5th, 2018)

Company Company Info Relation to Ravencoin dd/mm/yy
Crafty Hands Music, ASCAP An independent publishing company administering the rights and licensing of our affiliated Artist's compositions, including: royalties management, collection and distribution of writer's and artist's shares, and targeted promotions. Using RVN to track and manage publishing shares 06/11/18
Assure Services Provides administrative and transaction services for the private investment marketplace Issued 700 Ravencoin assets 12/11/18
Ravenland Community driven experimental agent for buying and selling land and estate Uses Ravencoin assets to exchange ownership of land slices TBA
LoftVR Builds Virtual Reality Arcades LoftVR is offering a limited edition art piece of a Tron Countach 14/11/18

Please contact the moderators on Ravencoin Community Discord if you would like to have your company added here.

Other (Spotted) Projects

Ravencoin Blockchain parameters

Block Time: 1 minute

Block Reward: 5000 RVN

Total Coin Supply: 21 Billion

Type: Proof of Work (PoW)

Next Halving: Block 2,100,000 (~January 3rd, 2022)