Ravencoin (RVN) — price, overview & secure storage

What is Ravencoin and who created it?

Ravencoin is a blockchain platform specifically designed for the creation and peer-to-peer transfer of assets. Unlike other blockchains such as Bitcoin and Ethereum, which can also facilitate asset transfers but are not specialized for this purpose, Ravencoin focuses solely on asset transfer. This specialization helps to address problems specific to transferring assets, allowing users to create and trade both real-world assets like gold bars and land deeds, as well as digital assets such as gaming items and software licenses.

Key features of Ravencoin blockchain

Ravencoin is an open-source project without an established team, led by core developers known by their Discord usernames: RavoncoinDev, Tron, and Chatturga. Bruce Fenton, a Board Member of The Bitcoin Foundation, serves as an advisor. The project was launched on January 3rd, 2018, and gained attention when Overstock CEO Patrick Byrne announced a multi-million dollar investment into the team. Since its inception, the team has focused on building the core functionality of asset support and rewards capabilities.

How Ravencoin transactions work

Ravencoin's mainnet release and increased platform activity are expected to positively impact its price. The platform's singular focus on tokenized asset transfer is seen as an advantage, avoiding the pitfalls of projects that attempt to solve multiple problems simultaneously. Despite facing competition, Ravencoin benefits from an active community and backing from respected figures in online retail. The trend towards asset tokenization is clear, but it remains to be seen whether Ravencoin will lead this change.