2023 RAVENCOIN GLOBAL AWARDS

• 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

https://medium.com/@ravencoin/ravencoin-4683cd00f83c

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.

https://ravencoin.org/assets/documents/Ravencoin.pdf

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.

https://ravencoin.org/assets/

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.