Ravencoin to Be Listed on Bitget

Bitget will list Ravencoin under the RVN/USDT trading pair on June 6th.

RVN Info

Ravencoin (RVN) is a peer-to-peer blockchain network specifically designed for the efficient transfer of assets between parties. It is a fork of the Bitcoin code, announced on October 31, 2017, and launched on January 3, 2018, with a fair launch approach, avoiding premine, ICO, or masternodes. The project is named after a reference from the TV show “Game of Thrones” and focuses on asset transfer and trading over blockchain to address certain limitations of the Bitcoin blockchain in asset management.

Ravencoin introduces four main changes from Bitcoin: a modified issuance schedule with a block reward of 5,000 RVN, a reduced block time of one minute, a maximum coin supply of 21 billion, and the KAWPOW mining algorithm (evolved from X16R and X16RV2) to prevent mining centralization due to ASIC hardware. This structure aims to make asset transfers more efficient and safer, preventing the accidental destruction of assets that could occur on the Bitcoin blockchain.

RVN tokens are the internal currency of the Ravencoin network, used within its ecosystem. To issue token assets on the Ravenchain, RVN coins must be burnt, adding a layer of utility and value to the tokens. These assets can represent a wide range of entities, including real-world objects, virtual goods, shares in projects, or even intangible items like airline miles or hours of labor. Future updates to the Ravencoin protocol are expected to introduce integrated messaging and voting systems.