Ravencoin is a use-case-specific blockchain-based peer-to-peer digital network for asset transfer and its native cryptocurrency (RVN). It uses a Proof-of-Work algorithm KAWPOW, which makes it mineable with GPUs and resistant to ASICs.Ravencoin is a code fork of Bitcoin with changes made to fit its use case better: higher total supply, faster block time, and capabilities for messaging and asset creation.
What is Ravencoin crypto?
Ravencoin (RVN) is a native cryptocurrency of the Ravencoin blockchain. It was created as a modification of Bitcoin’s protocol specifically for asset transfer.
What is the goal of Ravencoin?
Ravencoin’s protocol enables the creation of blockchain assets and tokens without the major drawbacks of Bitcoin-based assets.
Is Ravencoin good to mine?
Ravencoin is one of the better-known mineable coins as of 2024. It does not require costly equipment such as ASICs and can be mined with a decent GPU. Profitability of mining changes often, so it is best to consult mining-themed resources to learn if Ravencoin is profitable to mine right now.