Review on Ravencoin by Robiul Islam
I think Ravencoin is very interesting it definitely has a lot of growing and…
I think Ravencoin is very interesting it definitely has a lot of growing and developing still to come in its future but in the meantime the project has garnished a lot of really positive press and community sentiment, I do think that their use case is very specific and could actually benefit from being on the blockchain which is an important consideration to make because not everything needs to be put on the blockchain. Ravencoin developers have mentioned that they can revision its system being used to simplify voting for shareholders and public companies, users can also distribute RVN and rewards to holders of a token, Raven also supports a messaging feature active communication channels are necessary for many token-based systems and a common problem is that the token issuer cannot communicate with the token holders, this must be handled very carefully because the token holders may not want to be identified to facilitate these channels Ravencoin layers specialized communication tokens on top of the assets that you hold because of communication tokens are linked to the assets only the asset holders receive the messages, Ravencoin implements the same process for voting in their white paper they state that one major downfall with the current systems is that if a publicly traded company wanted to get the votes from all of their shareholders on a decision they would have to hire someone to get all the mailing addresses and then a physical mailing would need to be sent out to all shareholders with the information on how to vote along with a voting form instead Raven uses their messaging system which will notify token holders of the vote and the vote can be automated by the holders through the web or a mobile interface using the protocol built on the client. If you're interested in buying the token you can pick it up on a bunch of different exchanges the major ones being Binance UPbit. Ravencoin does have a desktop wallet available to windows max and linux which can be found on their github as well as a web wallet called pocket raven and mobile apps for Android and iOS.
Updated 5 years ago
Rating changed from 4 to 5
Wallet Version 2.4.0 is now available. Messaging and Restricted assets are on testnet and are being tested. Currently you can only use those features using commands. Developers are busy to make an interface for regular users so that they can test them too. 45 exchanges support Ravencoin trading & Currently, 19884 assets have been issued.
Ravencoin is a solid project and worth looking into. Has a passionate community as that’s their space.
Pros
- Ravencoin was built specifically for the transfer of assets which alleviates any issues or concerns that they may be accidentally destroyed on the blockchain also the fact that it was purpose-built makes it less likely to have tons of competition because it's focusing on a one-goal instead of trying to reinvent the wheel, users can issue track and transfer assets on the platform as well as easily send messages to one another. Ravencoin will provide strong security and protection to assets. Ravencoin is a free and open source project that started with no ICO and no pre mine Ravencoin is not designed to be cash is intended to prioritize user control privacy and avoid censorship while allowing simple optional additional features for users based on need.
Cons
- As with any crypto project adoption is always a huge hurdle however I wonder if that would be more of an issue for Ravencoin due to the fact that they have no standard team, I assume that that means that the chances there's people doing outreach specifically to promote the project or partnership with mainstream companies is probably lacking now I could be wrong but the downsides of not having a structured team could be lack of awareness of the project.
