Review on Ravencoin by Özgün A
Is Ravencoin a means of transition to the new world order?
Ravencoin was created to enable efficient and complex transfer of assets between peers.
Ravencoin is seen as an alternative to ERC-20. It is an open source project, that is, it is open to development.
RVN runs on the X16R mining algorithm and you are allowed to mine.
There is a second network of assets connected to Ravencoin. You can buy a new asset token for 500 Rvn. The name is completely shaped by what you want.
For example, if you save the deed of the house you bought in the system, you will no longer have to carry the deed of your house. When you want to sell this house, you will be selling the information directly without dealing with a notary. This is great for saving time.
So these mean smart contracts. So no matter what comes to your mind, you will have a digital wallet for every subject and all your information will remain hidden.
Frankly, I understood this situation as follows. It is desired to establish a digital data system, which they call the new world order, and this order is desired to be established by creating such crypto systems.
Pros
- All kinds of trading can be done without loss of time
- Assets can be sold without paying intermediary fees
- Notaries will be needed
Cons
- If personal information is stolen the world falls into chaos
