Review on Ravencoin by Paul Maduagwu
Ravencoin is the opposite of Centralization.
Ravencoin $RVN's code is a fork of Bitcoin, with feature improvement. The improved features can be seen in its Blocktime of 1 minute, instead of 10 minutes for Bitcoin and a new mining algorithm, KAWPOW which makes the project ASIC resistant and allows for a fair and more decentralized mining.
$RVN is designed to be used to make instant payment to anyone, anywhere in the world. Though 1 minute blocktime is good enough, it may be considered slow, compared to some other top crypto projects. Apart from making payments, $RVN can also be mined for passive income.
At the time of writing this review its price is hovering around $0.01, and its major trading market is Binance Exchange with its RVN/BTC trading pair, according to CoinGeko.
Pros
- Mineable.
- Good social media presence.
- Traded on popular Exchanges.
- Mainnet project.
- Open source project.
- No Masternodes or ICO (Improves decentralization).
- Wallet support for major Desktop and mobile Operating systems.
- Cheap transaction cost.
Cons
- 1 minute Blocktime.
