Review on Ravencoin by francis fernandez
Ravencoin: creation and transfer of ownership of assets in the same blockchain
Ravencoin is a blockchain network created for the purpose of creating and transferring real-world assets such as property titles, company shares, game tickets, gold, and others. Its platform serves as a base tool for the generation of new digital currencies, facilitating the encryption process of the same in its blockchain to contribute to the expansion of bolckchain technology globally.
This digital currency was launched on the market in January 2018 as a result of an alteration in the Bitcoin programming protocol.
Its main premise is to be a blockchain platform for the optimal transfer of ownership of assets and tokens between users.
One of the outstanding characteristics of this cryptocurrency is its absolutely decentralized operation; since it does not even have supernodes in its chain that can slow down its performance. Likewise, it did not have the support of an ICO at its launch.
This decentralization is also observed at the level of cryptocurrency mining; as Ravencoin users have the same opportunities to mine on the blockchain and get the 500RVN bonus for each block mined.
Another policy that supports its decentralization is the lack of rewards for its team of experts and founders and its open source.
What are the profits of Ravencoin or its RVN token?
* Allows the output of tokens from its main chain and the creation of custom tokens in a few minutes.
* It serves to represent actions in an organization.
* It allows to represent property titles of vehicles, metals, land and other documents.
What technology does Ravencoin use?
Ravencoin employs the X16RV2 protocol on its chain to block ASIC mining.
Pros
- Allows efficient transfer of assets and property documents quickly and safely between users.
- Offers a fair and balanced distribution of rewards to miners for each validated block.
- Serves as a digital tool for the development of other cryptocurrencies and tokens.
Cons
- It has few wallets that support its tokens.
