Ravencoin RVN/USD has weakened from the recent highs above $0.08, registered on February 08, 2022, below $0.05, and the current price stands around $0.053.
The efficient creation and transfer of assets
Ravencoin is a peer-to-peer blockchain that enables the efficient creation and transfer of assets from one party to another.
Users can create and trade any real-world or digital assets, and it is important to say that Ravencoin can also serve as a base and starting point for projects, second-layer solutions, experiments, and business ideas.
Tokens that are issued on the Ravencoin blockchain can be limited in quantity, named, and issued as securities or collectibles.
Users can make their own security token within minutes; they can also trade it and contact every holder of their token. This feature allows specific holders to be notified when they might need to vote on new proposals.
Ravencoin is a Bitcoin-like system, and it released binaries for mining on January 03, 2018, the ninth anniversary of the announcement and launch of Bitcoin.
Ravencoin was built on a fork of the Bitcoin code, and to secure its network, Ravencoin uses a similar consensus mechanism to Bitcoin’s Proof of Work (PoW), called the KAWPOW algorithm.
KAWPOW algorithm aims to overcome the problem of centralization of mining and to improve the distribution of Ravencoin to everyone.
On the other side, Ravencoin differs from Bitcoin because it has a block time of one minute instead of ten minutes. Block reward is 5,000 RVN instead of 50 BTC, and it has a total coin supply of 21 billion instead of 21 million.
RVN is a governance token of this peer-to-peer blockchain, and to create a new crypto
