Ravencoin (RVN): A P2P Blockchain With Decentralized Mining

Ravencoin launched in 2018 as a proof of work (PoW) blockchain designed to do one thing extremely well: Serve as an alternative to Ethereum and other token-capable chains by facilitating the efficient issuance of tokens for asset transfer. RVN tokens issued by Ravencoin can represent real world assets or NFTs — and be used for almost any purpose. 

The project’s design is similar to Bitcoin in a number of ways, but its proprietary mining algorithm, block rewards, total supply and several other characteristics are optimized for efficient token transfer and greater decentralization.

What Is Ravencoin?

Ravencoin is a peer-to-peer (P2P) blockchain cryptocurrency network optimized for transferring assets from one token holder to another. Deliberately limited to this specific application, the project aims to solve the problems associated with asset exchange.

For its part, Ravencoin isn’t on a quest to reinvent the wheel. After all, there are already plenty of token standards for the Ethereum blockchain, such as ERC-20, ERC-223 and ERC-721, just to name a few. However, according to the Ravencoin team, there’s currently a lack of specialization in regard to the transfer and exchange of assets.