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Ravencoin
About Ravencoin
Ravencoin is a blockchain project that enables simple issuance and management of tradable assets on a blockchain. It was launched in 2018 without an ICO, pre-mine, or masternodes, and is notable for its use of the X16R and KAWPOW algorithms to prevent ASIC domination of the network. The project was announced by Bruce Fenton on Twitter and has a growing community with a development roadmap of seven phases. Ravencoin is designed to be energy-efficient and aims to provide a decentralized alternative to traditional financial instruments.
Ravencoin is a blockchain project focused on building open-source technology for simple issuance and management of tradable assets on a blockchain. It was launched in January 2018 without an ICO, pre-mine, or masternodes, and is built on a code fork of Bitcoin version 0.15.99. Ravencoin is notable for its use of the X16R algorithm for mining, which is a randomized ordering of 16 hashing algorithms to prevent ASIC domination of the network. Ravencoin has since moved to the KAWPOW algorithm to further prevent ASIC domination.
Ravencoin was announced by Bruce Fenton on Twitter and was launched without a central organization. The project has a strong and growing community, and the core team has produced a development roadmap with seven phases.