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Ravencoin

RVN

Ravencoin

RVN

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₹1.51

LIVE

24H Low ₹1.49

24H High ₹1.54

Price of RVN today

The current live price of RVN today is ₹1.51, with a 24-hour trading volume of ₹65,43,67,632.95. Our RVN to INR price is updated in real-time. RVN has seen a increment of 0.13% in the last 24 hours. With a live market cap of ₹21,67,94,18,883.88 , the circulating supply is at 14,380,406,163 RVN coins, with a maximum supply of 21,000,000,000RVN coins.

Ravencoin Price History

Date ComparisonAmount Change% Change
Today₹0.00883

0.59%

7 Days₹0.05

3.58%

30 Days-₹0.03

1.9%

1 Year₹0.26

20.84%

Ravencoin Price Information

Price Change (1hr)

0.41%

Price Change (24hr)

0.59%

Price Change (7d)

3.58%

Ravencoin Market Stats

Market Cap

₹21,67,94,18,883.88

Fully Diluted Market Cap

₹31,65,88,96,932.91

24hr Volume

₹65,43,67,632.95

5.37%

Circulating Supply

14380406162.96 RVN

Total Supply

21000000000 RVN

Things to know about Ravencoin

What is Ravencoin (RVN)?

Ravencoin (RVN) is a blockchain platform optimized for asset creation and peer-to-peer transfer. It is an open-source project that builds upon the Bitcoin protocol, adding features designed to allow users to issue and transfer tokens representing real-world or digital assets. Unlike Bitcoin, primarily a digital currency, Ravencoin focuses on asset transfer and tokenization. This means users can create tokens representing physical goods, securities, collectibles, or any other assets, which can be transferred between parties without a central authority. The platform aims to simplify creating and managing tokens, making them accessible to many users.

Tokenomics

  • Total Supply

  • : Ravencoin has a capped total supply of 21 billion RVN tokens, which is 1,000 times more than Bitcoin’s 21 million. This larger supply is designed to accommodate the wide range of assets that can be tokenized on the platform.

  • Block Reward

  • : Initially, miners were rewarded with 5,000 RVN for each block mined. However, following the halving event in January 2022, this reward was reduced to 2,500 RVN per block. Halvings are scheduled to occur approximately every four years, similar to Bitcoin, but with a faster block time of one minute.

  • Mining Algorithm

  • : Ravencoin uses the KAWPOW mining algorithm, designed to be ASIC-resistant. This allows for more decentralized mining by enabling users to mine with commonly available hardware like GPUs.

Market Data

As of today #{today’s date}, the price of Ravencoin is ₹1.51 INR or 0.01708 USD, with a 24-hour trading volume of 7410731.97 USD. The market capitalization for Ravencoin is 245520032.66USD. The circulating supply is 14380406162.96 Ravencoin, with the total supply also being 14380406162.96 Ravencoin.

Token Pros and Cons

Pros

  • Decentralization

  • : Ravencoin’s algorithm promotes decentralized mining, reducing the risk of centralization.

  • Asset Tokenization

  • : Simplifies the process of creating and transferring tokenized assets.

  • Community-Driven

  • : No pre-mine or ICO, ensuring a fair launch and strong community support.

  • Flexible

  • : Supports various asset types, from securities to collectibles.

  • Security

  • : Inherits Bitcoin’s robust security model while adding features for asset management.

Cons

  • Competition

  • : Faces competition from other asset tokenization platforms.

  • Energy Consumption

  • : Despite efforts to be more energy-efficient, proof-of-work mining still consumes significant energy

  • Market Adoption

  • : The success of tokenized assets on Ravencoin depends on broader market adoption.

  • Regulatory Uncertainty

  • : Asset tokenization could face regulatory challenges in various jurisdictions.

  • Technical Complexity

  • : While designed to be user-friendly, creating and managing tokens may still take time for some users.

Why Should You Invest in Ravencoin

  • Innovative Asset Tokenization

  • : Ravencoin’s focus on asset tokenization addresses a growing market need.

  • Fair Launch and Strong Community

  • : The absence of a pre-mine or ICO and the project’s open-source nature have fostered a robust and supportive community.

  • Decentralized Mining

  • : The ASIC-resistant mining algorithm encourages broader network security participation.

  • Potential for Growth

  • : As the tokenization of real-world assets gains traction, Ravencoin could see increased usage and value.

  • Security and Flexibility

  • : Combining Bitcoin’s security with new features for asset management makes Ravencoin a compelling platform for tokenization.

USP of the Coin

  • Asset Awareness

  • : Unlike Bitcoin, Ravencoin is designed with asset transfer and tokenization in mind, making it uniquely suited for these purposes.

  • Community-Driven Development

  • : The project’s commitment to no pre-mine, ICO, or controller nodes has cultivated a robust and engaged community.

  • KAWPOW Mining Algorithm

  • : This ASIC-resistant algorithm promotes a more decentralized and inclusive mining process.

Problem the Coin is Solving

Ravencoin addresses the need for a decentralized platform that simplifies creating and transferring tokenized assets. It aims to make asset tokenization accessible to a broader audience, removing barriers to entry and reducing reliance on central authorities for asset management.

Founder and Team Background

Ravencoin was launched by Bruce Fenton, Tron Black, and Joel Weight. Bruce Fenton is known for his role in the Bitcoin Foundation, Tron Black is a prominent developer in the crypto space, and Joel Weight is a technology executive. Their combined expertise in blockchain technology and finance has guided Ravencoin’s development.

ICO Price

Ravencoin did not have an Initial Coin Offering (ICO). It was launched with a fair mining process, allowing anyone to mine RVN without pre-allocated tokens for founders or developers.

Risks Associated with Investing in the Coin

  • Regulatory Risk

  • : Regulation changes could impact the tokenization of assets on Ravencoin.

  • Competition

  • : Other platforms offering asset tokenization could limit Ravencoin’s growth.

  • Adoption

  • : The platform’s success depends on the widespread adoption of asset tokenization.

  • Market Volatility

  • : Cryptocurrency markets are highly volatile, and RVN is no exception.

  • Technical Risks

  • : As with any blockchain project, there are risks related to security vulnerabilities or technical failures.

Whitepaper Insights

The Ravencoin whitepaper provides a detailed insight into the project’s purpose and technical specifications. Ravencoin is a blockchain platform optimized for transferring assets, such as tokens, from one holder to another. It is built on a fork of the Bitcoin code, with fundamental changes including a block reward time of one minute, a change in the number of coins issued, and the addition of asset creation and messaging capabilities. The platform is free and open-source, with all Ravencoin (RVN) being relatively published and mined publicly using Proof of Work (POW) with the x16r algorithm, designed to be ASIC-resistant to prevent mining centralization.

The whitepaper emphasizes Ravencoin’s role as a use-case-focused blockchain designed to carry statements of truth about who owns what assets. It prioritizes security, user control, privacy, and censorship resistance and is open to use and development in any jurisdiction. The tokens on Ravencoin are transferable and move with the same ease as Bitcoin or other similar cryptocurrencies. Assets on the Ravencoin platform have several advantages: they are easier to use, tightly integrated with a native coin, and secured with fair POW mining and open-source code not run by a centralized organization.

Ravencoin was launched on October 31, 2017, with binaries for mining released on January 3, 2018. The project aims to create a platform like Bitcoin with a new mining algorithm, x16r, intended to prevent immediate dominance by mining pools and future dominance by ASIC mining equipment. The project does not have a pre-mine or developer allocation set aside, ensuring a fair launch.

The whitepaper also discusses the potential for second-layer solutions to be built on the Ravencoin platform, such as RSK, the Lightning Network, confidential transactions, and other scalability improvements. The conclusion of the whitepaper reiterates that Ravencoin is a platform coin built on the UTXO model of Bitcoin, modifying Bitcoin code to add capabilities for asset management on a secure blockchain.

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What is the price of Ravencoin (RVN)?

The current price of Ravencoin (RVN) in INR is ₹1.51 INR.

What is the current RVN market cap?

The current market capitalization of Ravencoin (RVN) is ₹21,67,94,18,883.88 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of RVN by the number of coins in circulation.

What is the current supply of Ravencoin (RVN)?

The current supply of Ravencoin (RVN) is 14380406162.96 RVN. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Ravencoin (RVN)?

The 24-hour trading volume of Ravencoin (RVN) in INR is ₹65,43,67,632.95. This figure represents the total value of all RVN transactions across various exchanges within the last 24 hours.

How to Buy Ravencoin (RVN) in India?

To buy Ravencoin (RVN) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in RVN.

Can I buy Ravencoin (RVN) with UPI?

Yes, you can buy Ravencoin (RVN) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Ravencoin (RVN) to Indian Rupee (INR)?

To convert Ravencoin (RVN) to Indian Rupee (INR), you can use our RVN/INR conversion rates in real time.

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