Come Join the Live Auction, Sponsored by Ravenist and JustNFTs product to acquire unique NFTs and enter in a chance to win free NFTs. Held in Braveland right after the Ravencoin Global Awards.
Have your Asset Aware Wallet Addresses ready for your chance at winning 1 of 10 Prize Bags full of NFTs and Tokens.
What Is RAVENCOIN?
Ravencoin is a digital peer to peer network that aims to implement a use case specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another. Built on a fork of the Bitcoin code, Ravencoin was launched January 3rd, 2018, and is a truly open source project (no ICO or masternodes). It focuses on building a useful technology, with a strong and growing community.
Unique characteristics of RVN
- ASIC resistant – Uses the KAWPOW hashing algorithm to discourage the development of ASIC hardware
- Fair launch – Everyone has equal opportunity to mine or purchase RVN since day one.
- No pre-mine, no ICO, and no coins held for developer or founders rewards.
- Community Driven, and True Open Source
Whitepaper created on October 31
Abstract. Ravencoin is a blockchain and platform optimized for transferring assets, such as
tokens, from one holder to another. Based on the extensive development and testing of the
UTXO model of the Bitcoin protocol, Ravencoin is built on a fork of the Bitcoin code. Key
changes include a block reward time of one minute, a change in the number of coins issued,
but not the weighted distribution schedule and the addition of asset creation and messaging
capabilities. Ravencoin is free and open source. All Ravencoin (RVN) are fairly issued and
mined publicly and transparently using Proof of Work (POW) using the x16r algorithm
which was created for Ravencoin. There is no private, public, founder, or developer
allocation set aside. Ravencoin is intended to prioritize security, user control, privacy, and
censorship resistance. It is open to use and development in any jurisdiction, while allowing
simple additional features for users based on need.
What is an asset?
A Ravencoin asset (also less commonly referred to as a token) is an on-chain way of creating, storing, and transfering custom end-user generated information. Assets come with a unique, user-chosen name which can allow for assets to be verified by name only and metadata (which we will look into later). Ravencoin users have created assets to make their own ‘coin’, sell digital art, real estate, gem stones, security tokens, wine futures, and even incorporated it as an in-video game currency.
What is Ravencoin mining?
Like Bitcoin, Ravencoin has a limited supply of 21 million coins, but the project did not start with a pre-mine event. So, aspiring miners can easily try their luck and earn big amounts of money through active Ravencoin mining.
The platform charges transaction fees in RVN, but it also serves reward for the network’s validators. After every minute, a new block becomes available for mining, and miners are rewarded with 25000 RVN for successfully mining a block.
About C3 MEDIA
C3 MEDIA is a media platform for all things crypto. Interviews, News, and Meetups. Blockchain John
Counting of Votes
Ten lucky #Ravnites will receive a prize bag full of valuable Tokens. We invite $RVN Projects and Artists to contribute to the following wallet addresses:
Enter to Win
Help us PUMP the event by making a Quoted Retweet of @C3MEDIA2 Pinned Tweet. Be sure to include #RVNAWARDS22LOTTERY for tracking. 1 entry per person and the winner must be in attendance at the event in Braveland to receive the prize. Your additional Tweets, comments & likes are greatly appreciated.