Crypto: What Is Ravencoin RVN Cryptocurrency and Why Is It Important

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Ravencoin (RVN) is a cryptocurrency created for peer-to-peer (P2P) asset transfers.

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It is a fork of Bitcoin (BTC), the most popular cryptocurrency.

Ravencoin has retained some of the lucrative features of Bitcoin, which has attracted a good number of users.

Ravencoin launched on January 3, 2018, as a blockchain protocol that allows anyone to create tokens for practically any asset.

Then, users can transfer the said tokens through the Ravencoin network.

Ravencoin utilizes a proof-of-work (PoW) protocol and has periodical halvings like Bitcoin.

However, unlike Bitcoin, the total supply of this crypto is 21 billion RVN tokens.

Moreover, mining a Ravencoin block takes less time.

This cryptocurrency utilizes the X16R mining algorithm.

It uses sixteen different mining algorithms, resulting in enhanced network security.

It is an ASIC-resistant coin, which means anyone can mine it with regular computers.

In comparison to Bitcoin, Ravencoin is more transparent and censorship-resistant.

The Ravencoin blockchain allows the conversion of assets such as gold, silver, Euros, and collectibles into tradable tokens.

These tokens track the price of the corresponding off-chain asset.

As such, the RVN tokens can significantly ease the trading of valuables at lower prices.

Additionally, it works as a regular P2P payment system.

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Is Ravencoin RVN Cryptocurrency Project Any Good? Information
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