Review on Ravencoin by Stephen Toluwani
Ravencoin is focused on One Business Idea
Ravencoin is one of the few coins in the crypto sphere that is spearheading a complete decentralization and control of its tokenomics by the community. It's a project that was started first in 2017 and it's first coin mined January 3rd 2018, with no pre-mining and no ICO, the project proved it's commitments to total decentralization. In the main sense, the Ravencoin RVN is a Bitcoin fork but with a difference. It differs from Bitcoin in it's total supply which is 21 Billion coins, hashing time and in block rewards amongst others. The coin is mineable with it's KAWPOW algorithm and is hosted on its own blockchain
The major use case of this Coin RVN is Peer-to-peer transaction which involves funds transfer, virtual goods, physical and digital assets etc. These assets can be freely created by users as tokens on the Ravencoin blockchain, of which they are non-mineable, to replace the physical assets and transfered from person to person. The coin is hosted on a plethora of wallets including Trust Wallet, Cobo wallet, Atomic wallet and even Trezor cold wallet. The project has its own wallet which is accessible on Mobile phones and PC making it a versatile wallet
The coin is traded on 37 exchanges in the crypto market but has a low value, even it's highest high was a mere 8 cents despite it's only use case of tokenizing assets for transfer. The fact that it's a project focused on one use case should help push the price in due time when Crypto adoption becomes the new norm for the world. The project has a very active social media and active developers who are up and running to see the project is successful. If not for anything else, it's single use case of peer-to-peer transaction and active developers is something the new world will come to embrace which is why I highly recommend the project to Business operators majorly rather than to traders
Pros
- The Ravencoin project is a community focused project that aims total decentralization through it's no pre-mining and no ICO Approach
- The Ravencoin RVN is a mineable token through it's KAWPOW algorithm which also supports decentralization by the distribution of nodes
- The Ravencoin project is focused on its principal business idea which is person to person transaction that spans from money transfer to the tokenization of real life goods such as Project shares, Gift cards, physical and digital assets which can be transferred to anyone anywhere in the world in a minute
- It's a fork of the Bitcoin project but makes its mark in it's total supply, Block time of 1 minute and creation of tokenized assets
- The Ravencoin RVN can be hosted on a plethora of wallets and is being traded on 37 exchanges currently and holding a coinmarket ranking of 100
- It has an active social media Community and despite it's collosal failure in it's price, the developers are still heavily working on the projects development
Cons
- The value of the Ravencoin RVN is very low. Even it's highest high is not something to write home about
- Has similar use case to Ethereum which turns out to be it's major competitor
