About

Ravencoin is a P2P blockchain platform focused on the efficient creation and transfer of assets. It allows for the issuance of tokens with customizable properties, supporting various applications like securities, collectibles, and project shares. Ravencoin's distinct features include a new mining algorithm and a total coin supply significantly larger than Bitcoin's.

History

Ravencoin was created with the intention of being able to transfer unique assets to one another in a simplified manner. Although with Bitcoin, being able to transfer assets/information through an actual transfer of Bitcoin is permitted, existing Bitcoin nodes are unaware that assets are embedded in the message. This also means that actual Bitcoin must be sent for every asset transaction and there could be cases where the receiving party is unaware of the asset. This makes the asset susceptible to the receiving party accidentally sending those Bitcoins to another wallet and ultimately end up losing those assets. Ethereum, on the other hand, does allow the transfer of assets but is unable to differentiate between assets of the same unique name. Ravencoin's intention is to create a bitcoin-like system that is fully asset aware.