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The Ravencoin (RVN) protocol was born thanks to business owner Bruce Fenton and developer Tron Black. The procedure was designed to assist in the development and transfer of tokens representing real-world possessions such as securities, antiques, gold, event tickets, and even airline company miles. It was introduced as an open-source fork of Bitcoin’s codebase, implying the developers copied and modified Bitcoin’s code to provide additional features targeting various goals.
Being a Proof-of-Work (PoW) blockchain, RVN allows a effective and quick issuance of properties, a possible advantage over Ethereum’s Proof-of-Stake (PoS) protocol. These issued tokens have lots of uses, consisting of security tokens, real-time possession transfer transactions, and non-fungible tokens (NFT).
Representing a shift from standard chains to a security token-centric technique, Ravencoin provides a compliant enterprise-grade security token issuance option for companies seeking more out of their blockchain. Developed for usage by business clients, the Ravencoin developers went into the marketplace with one objective: solve the challenges that develop from utilizing today’s token issuance platforms. With a couple of key functions, Ravencoin aims to fix numerous of these problems the designers were dealing with.
Ravencoin has set itself apart with its technological developments and development, but if you have been exploring cryptocurrencies on social media, there is a key differentiator: the community. You will be hard-pressed to discover a more enthusiastic, experienced, and goal-driven group of investors than those involved in the Ravencoin Project. Leaving the task with a democratic foundation assisted introduce the Ravencoin Foundation in 2020, 2 years after the initial token launch.
When communities have more control over an asset they believe in, something pretty cool happens: masses acknowledge the capacity that’s possible.
There are few much better to hear from than somebody on the frontlines of Ravencoin’s community. Leon (known on Twitter as @Leon_Texas), a financier and extremely well reputable voice for Ravencoin, was asked why Ravencoin would have the ability to sustain near-term market instability and what he thought was most attractive about the principles of RVN. He had this to state:
“I don’t know if there’s a project out there that is immune to short-term instability. As hard as it is to do, you have to think macro and ignore short-term noise with projects you believe in.
Ravencoin offers next-gen real-world features that are needed on a global scale. If only one region adopts Ravencoin, it will be a home-run for $RVN, but there is no doubt that this adoption will spread much further than that. Capabilities not even fathomed will soon be possible through Ravencoin’s protocol.
One of the most underrated features of Ravencoin is its community. Fortune 100 companies can’t replicate this passion that our growing community displays daily. Individuals spend their money traveling the world to talk to make leaders aware of the possibilities with Ravencoin and thousands more are contributing in their own way. In a world where individual freedom is diminishing, Ravencoin is truly decentralized. There’s nobody to ask for approval as it is free code given away for anyone to use or build on. It’s refreshing to be part of a blockchain that is truly free. The biggest obstacle to Ravencoin today is ourselves. The moon is the limit.”
It is safe to state that Leon represents many in the community when he speaks to why he thinks Ravencoin will succeed far into the future.
Whether representing real-world possessions in the form of security tokens, as Chainstone Labs did, property, gold, or being utilized to create NFTs using a RVN platform, the chances are endless.
While trading at a market cap of ~$950 million, RVN is by no methods breaking any records … yet. There is no doubt that if the usage cases continue to increase, the community keeps growing, and procedure keeps evolving, Leon is right, the moon is the limitation.