Where Ravencoin is Accepted Locally and Globally
A crypto created to “carry statements of truth about who owns what assets,” RVN is a decentralized people’s coin. Having achieved some prominence, it’s accepted by businesses around the globe as payment, you can use it to pay for a tranquilizing stay at this very zen permaculture retreat in beautiful northern India.
Who accepts Ravencoin…
Are you an Entrepreneur, freelancer, or manager of a business accepting cryptocurrency?
Should you buy Ravencoin?
If you’re an ideological believer in decentralized people’s coins, yes. Otherwise, I don’t see much all that special about Ravencoin, it was developed for the tokenization of assets, but perusing their website and social media, I can’t see any impressive use-cases of it actually doing that. Ravencoin has been around since 2018 and they should have more to show for themselves than some dabbling in NFTs. But there are some redeeming things about Ravencoin that I’ll mention…
- The renowned internet entrepreneur and cryptocurrency advocate Patrick Byrne, the founder of Overstock.com, holds Ravencoin in some esteem.
- It was launched in a high-integrity way with no hypey ICO or stealthy pre-mine to enrich the founders.
- They’ve worked tirelessly to achieve ASIC resistance, making it truly decentralized. The real opportunity with Ravencoin might be in mining it.
If its mission to “carry statements of truth” on the blockchain rings for you, why not pick some up…
Apparently, in 2020 RavenCoin was hacked resulting in the inflationary creation of millions of RVNs, that’s not good! But Ravencoin management was very upfront about it and it would seem that they fixed the vulnerability.
About Ravencoin
Designed to be mined on readily available consumer-grade hardware, Ravencoin uses a new algorithm known as KAWPOW. It’s designed to be Application Specific Integrated Circuit (ASIC) resistant and is designed to be efficient on consumer GPU hardware.
From Ravencoin.org
Ravencoin is a blockchain and platform optimized for transferring assets, such as tokens, from one holder to another. Based on the extensive development and testing of the UTXO model of the Bitcoin protocol, Ravencoin is built on a fork of the Bitcoin code. Key changes include a block reward time of one minute, a change in the number of coins issued, but not the weighted distribution schedule and the addition of asset creation and messaging capabilities. Ravencoin is free and open source. All Ravencoin (RVN) are fairly issued and mined publicly and transparently using Proof of Work (POW) using the x16r algorithm which was created for Ravencoin. There is no private, public, founder, or developer allocation set aside. Ravencoin is intended to prioritize security, user control, privacy, and censorship resistance. It is open to use and development in any jurisdiction, while allowing simple additional features for users based on need.
From the abstract of the Ravencoin whitepaper
