What is RVN

September 8, 2022 0 Comments

What is RVN

It was launched in 2018 on the ninth anniversary of the launch of Bitcoin. Its code is a fork of Bitcoin, and the project offers developers an alternative to smart contract compatible blockchains like Ethereum, ERGO.

RVN appeals to many cryptocurrency miners: it was launched with no pre-sale or initial coin offering (ICO).In addition, there was no pre-mine or pre-allocation of RVN for developers, the Ravencoin advisory board, VC funds, or other early project participants. This ensured that there are no large wallet owners, making the system fairer and more democratic.

Ravencoin is open source, so anyone can help secure the network by contributing to the code or getting involved by running a Ravenode or a miner.

True decentralization is key in any meaningful cryptocurrency project. KawPow, the RVN algorithm, is ASIC resistant, meaning it’s a good place for GPU miners to research as a possible post-merge destination.

If you’re coming from Ethereum, there are going to be some obvious differences. First, rather than waiting days for a small ETH payout threshold, your existing mining rig should be able to mint hundreds of RVN per day, depending on your hash rate.

RVN is not listed on a huge number of exchanges, but you can swap your RVN to USDT on Binance, OKX, and directly to USD or BTC on Bittrex. It’s also supported on Bybit, MEXC, and XT.COM.