Ravencoin(RVN) operates on a blockchain specifically optimized for the transfer of assets such as tokens from one owner to another. It includes four key changes from the Bitcoin code: a one-minute block reward period, a change in the number of coins mined, a coin supply limited to 21 billion, and a mining algorithm called KAWPOW. This algorithm aims to address mining centralization created by ASIC hardware. Ravencoin uses the KAWPOW hashing algorithm to discourage the development of ASIC hardware, so most consumer-grade GPU hardware can mine Ravencoin.
Ravencoin aims to solve the problem of transfer and trading of assets via blockchain. Tokens issued on the Ravencoin blockchain can represent anything: real-world objects of custody such as gold or physical euros, virtual goods and objects, stocks and securities such as a stake in a project, airline miles, or someone's hourly wage, etc. This makes Ravencoin a versatile platform for a wide range of applications. Future versions of the Ravencoin protocol aim to support integrated messaging and voting systems, further expanding its potential use cases.
