Ravencoin is a blockchain that aims to allow users to make almost instant transactions from one holder to another.
The coding infrastructure is based on Bitcoin.
KAWPOW (formerly X16R) is a unique RVN mining algorithm - it's similar in principle to Bitcoin, but the developers have made a few changes to the protocol to enable token transactions on the network.
Like BTC, the Ravencoin platform uses a Proof-of-Work (PoW) system to secure the network.
The difference with BTC mining is that the KAWPOW algorithm does not support mining via ASIC miners (chips), which are mining devices designed only for mining cryptocurrencies.
This means that the platform gives preference to miners that mine using their own CPU.
They also do not support ASIC miners to keep their KAWPOW algorithm more decentralized.
RVN tokens are intended as an internal currency within the network and must be burned in order to issue token assets on Ravenchain.
With a market capitalization of $782,337,393, RVN tokens rank 94th.
https://ravencoin.org/
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!