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What is Ravencoin all about
RavenCoin is the native cryptocurrency of the RavenCoin blockchain, which is a peer-to-peer network that is primarily focused on transferring assets from one party to another. RavenCoin was built on a fork of the Bitcoin blockchain. RavenCoin is pretty clear about its goal of enabling the creation of tokens on its blockchain.
With its genesis coinciding with the ninth anniversary of the launch of Bitcoin in 2018, RavenCoin has taken a lot of the preeminent cryptocurrency’s book, while implementing some changes that differentiate it substantially from the Bitcoin blockchain and how its protocol works.
A key difference is the implementation of ASIC-resistant mining algorithms, with the network currently using the KAWPOW algorithm. RavenCoin does this to prevent the centralization of mining driven by the proliferation of powerful ASIC mining hardware, handing back some semblance of power and participation to everyday users mining with consumer-grade GPUs.
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RVN Questions & Answers
How much will Ravencoin be worth in six months?
There is no easy way to make an accurate long-term prediction, however in accordance with our price prediction algorithm we estimate Ravencoin's cost is likely going to reach between €0.06272516 and €0.19 half year from now.
Is Ravencoin popular among online users?
61963 users took part in an online discussion on Reddit about Ravencoin in the last 48 hours. Ravencoin's Twitter handle currently is followed by 85422 users.
What is the price of Ravencoin today?
Today's price of Ravencoin is 0.07504800 Euro.
What was Ravencoin's highest price?
The highest price of Ravencoin was registered on 2021-02-20, when it was at 0.24 EUR.
Is Ravencoin going to be worth more one month from now?
Using our short term prediction, we suspect that the price of Ravencoin will reach between €0.06272516 and €0.16 in 1 month.
What will Ravencoin be worth in 3 months time?
In accordance with our price prediction algorithm we expect Ravencoin's value is likely going to be between €0.06272516 and €0.19 in three months time.
Can I launch an ICO through RavenCoin?
RavenCoin has its own type of token creation mechanism which essentially allows users to create their own tokens by burning 500 RVN. These tokens can be used to represent anything a user wants - think NFTs, shares, or digitized tokens of real-world items and assets.
How does KAWPOW stop ASIC mining?
The KAWPOW algorithm makes use of higher memory available in GPU hardware, which does not favour ASIC mining equipment. This encourages consumer grade GPU users to mine RVN.
What are the main differences between RavenCoin and Bitcoin?
There are a few key ways that RavenCoin differs from its predecessor. First and foremost, the blockchain uses the KAWPOW mining algorithm rather than Bitcoin’s ASIC-favoured SHA-256 mining algorithm. Blocks are added to the chain every one minute, with a 5,000 RVN block reward paid to the miner.
Does RavenCoin have a token cap?
There is a finite 21 billion cap on the RavenCoin token supply although this is substantially more than the total 21 million BTC that can be mined.
10 days Ravencoin price forecast
Long term Ravencoin price prediction