Ravencoin (RVN)
| Market Cap | $269,410,778 |
|---|---|
| Trading Volume | $13,057,569 |
| Volume / Market Cap | 0.0485 |
| Total Supply | 12,094,493,655 RVN |
| Max Supply | 21,000,000,000 RVN |
Ravencoin is currently trading at $0.0223, after a price change of 2.19% in the last 24 hours.
Ranked as cryptocurrency #103 by capitalization today, RVN market cap is valued at $269,410,778. RVN trading volume reached $13,057,569 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on RVN coin price prediction page.
What is Ravencoin?
Ravencoin is an open-source, peer-to-peer electronic network that supports the creation and transfer of assets. Assets are tokens that users can create and deploy for different purposes. Ravencoin was created as a fork of bitcoin and is based on the UTXO model. The token acts as a digital currency that allows instant global payments with no central authority.
Ravecoin protocol is secured through the proof-of-work consensus algorithm and native x16r algorithm. The issuer of the assets burns RVN coins and must give them a unique token name. They also determine the number of assets to issue and their hard cap.
RVN is the native token powering the Ravecoin platform. There are 10.47 billion circulating RVN tokens from a total supply of 10,473,290,000 and a hard cap of 21 billion. The governance aspect of Ravencoin is based on the BIP9 consensus algorithm in a scenario where forks may occur or when updates are needed. The tokens facilitate the issuance of unique assets and their transfers. RVN also enables payments and rewards.
The originators of Ravencoin concept are Tron Black, Bruce Fenton, and Joel Weight. The project was announced in 2017 followed by the release of mining binaries in 2018.