Review on Ravencoin by José A Rodríguez
Ravencoin: A Good Project Raising is Value
There are remarkable blockchain projects that are of great support for the modern economy based on cryptos. Most of them follow a minimalistic view to catch crypto traders' attention and inform them of their main purpose. After Bitcoin, many projects have come as an alternative. In today's reviews, I highlight some of the ups and downs of a flying blockchain.
Ravencoin is an easy-to-understand protocol, whose main purpose is to set the most efficient process for the transfer of assets. Although it has a couple of years in the market, I like and assess its initiative of becoming useful for the peer-to-peer economy. The project has its intentions even when following the same principles of Bitcoin when it was founded. During the last months, it has bet to offer certain benefits of greatest importance:
¤ Multiple options to buy. The RVN is so traded and it is accepted to buy virtual goods and invest in other projects.
¤ Capable mining-service. The system founded a mining pool that contrasts with the one given by BTC because it brings faster blocks.
¤ Advanced mining-algorithm. Ravencoin brought a new algorithm called Kawpow which acts faster to find new blocks and process all transactions.
¤ Great sum of partner exchanges. The project is supported and commercial among a wide variety of exchanges like Binance, Okex, and Changelly. All of them offer similar and good prices for trading with RVN.
These are just four of the major benefits I encountered most useful in this blockchain. However, it is always good to expect the news since this is a very updated open-source blockchain. On the other hand, I add that the projects have certain downs related to not-completed fraudulent issues. The news was revealed through Reddit, although an emergency alert was launched and the issue solved.
For now, I just advocate implementing a better security parameter on this blockchain to guarantee people's attendance. The project has an interesting future and perhaps it increases the value of its coins or makes it stable.
Pros
- New wallet version. For common users, the company released the updated for the new version of Raven mobile wallet which is the 4.2.1
- Advanced selection of partner exchanges. The chances of trading the RVN token are highly operative through different exchanges.
- Downloadable wallet app for desktop and mobiles. It is essentially permitted for known software like Linux, Windows, and Mac. Available in mobiles with iOS and Android.
Cons
- It is not a stable coin. The conversion from RVN to USD is low in comparison. 50,1 RVN set the value of 1$.
- Ravencoin users have complained of certain vulnerabilities to the open-source. There was an emergency alert due to fraudulent transactions.
