Review on Ravencoin by gregori cordova
"messengers of truth" taking the potential of the blockchain to more areas of our daily lives
As is already well known, there are cryptocurrency projects specifically dedicated to certain areas, such as finance, health, art and even charity, and more projects are constantly coming to the market that make blockchain technology become widespread and we can all be part of it. her. In the case of Ravencoin, its purpose is to create and facilitate the issuance of new virtual currencies on its own blockchain in just minutes, and add the desired features efficiently, something that is not very common even for prominent developers since normally you need to start from scratch when creating a token, making the programming process in your blockchain more accessible. The project was born in 2018 and has since revolutionized the token creation process that allows us to reach different areas of our society to be useful in each environment of our daily life, such as the issuance of tokens that serve as property titles, company shares, comics or collectibles etc. The project has very high levels of decentralization, and although it shares certain characteristics with bitcoin, such as its totally free base code, it has many benefits, especially when mining RVN, since it is not necessary to use expensive equipment, and all the Miners equally receive 500 RVN for each block mined, thus making it a transparent project with priority for the community. it also uses an X16RV2 mining algorithm, which protects the network from very complicated ASIC miners
Although the project has a lot of competition, mainly with Ethereum, Ravencoin has earned a very important place in the crypto market, due to the facilities it offers when creating tokens that will be useful in the real world, thus promoting a process of tokenization of different assets as mentioned above, and taking the potential of the blockchain to more environments of our daily lives
Pros
- The project was not the product of any ICO, something that speaks very well from the beginning since they did not intend to profit and today it is a very solid project that has earned an important place in the ranking of 100 of the most successful cryptocurrencies
- It offers very valuable mechanisms for the issuance of new tokens without the need to be an expert programmer in the area
- It preserves the original bitcoin code and shares certain characteristics with that cryptocurrency, especially in terms of decentralization.
- Regarding RVN mining, it is not necessary to use expensive equipment, since everyone receives 500 RVN as a reward for each mined block in their chain
- Not only does it serve for the creation of new tokens, but it is one of the platforms that best promotes and enables the usefulness of the blockchain in the real world.
- There was no pre-mined , or reward for the developers, something that speaks highly of the transparency of this project
- They offer a wallet that can be downloaded for free from their official website and that is available for all operating systems
- The RVN token is available to exchange in most of the most famous and consolidated exchanges in the market
Cons
- It has strong competitors in the market such as Eos and ETH, which has practically monopolized the market with its ERC-20 tokens.
